Business Insider has announced that its editor-in-chief, Nicholas Carlson, will be stepping down from his role at the company. Despite his resignation, Carlson will continue to work with Business Insider as an editor-at-large, focusing on longer-term reporting and projects. The search for a replacement is already underway, with CEO Barbara Peng leading the effort.
Carlson addressed the news in a meeting with staff, emphasizing that his decision to step down was not due to any criticism of the outlet’s journalism. He acknowledged the challenges of publishing fair but controversial stories that can upset powerful individuals, but expressed confidence in Business Insider’s future under its clear editorial strategy.
In an internal memo obtained by TheWrap, CEO Barbara Peng praised Carlson for his contributions to Business Insider and confirmed that they will be looking for a new editor-in-chief in the coming weeks and months. Axel Springer, Business Insider’s parent company, also praised Carlson’s leadership and expressed optimism about the search for a new editor-in-chief under Peng’s guidance.
The news of Carlson’s departure was first reported by Semafor and he will continue to work with Business Insider in his new role as editor-at-large. While he is leaving his editor-in-chief position, Carlson expressed gratitude for his time with the company and plans to make the most of his remaining time with the team.