Agnes Chu, the president of Condé Nast Entertainment, is leaving the media company amidst its video and editorial content restructure. Chu will depart at the end of October, TheWrap has learned.
The news was announced to employees via a memo to staff from CEO Roger Lynch on Tuesday. In the note, Lynch said that “before year-end” the organization’s top-line leadership will be moving to a new structure.
“As part of these changes, Agnes Chu will be leaving the company at the end of this month and I want to thank her for her many accomplishments with us,” Lynch wrote.
The CEO praised Chu for building up the company’s film, television and entertainment business with “over 70 projects in development” and 10 in production, as well as for helping to grow Condé Nast’s digital video audience to a projected 20 billion annual video views.
“I am proud to leave Condé Nast Entertainment better than the one I joined,” Chu wrote in her own statement, obtained by TheWrap. “By building and stewarding a cultural moment content strategy with our iconic brands, we transformed into a globally diversified media division. Most importantly, I am proud of the culture we have created together — one of integrity, teamwork and quality results.”
Chu also emphasized that she will continue to be “a lifelong fan of the journalism and the entertainment from the best and brightest minds at Condé Nast.”
As president, Chu was instrumental in Condé Nast’s move into TV and film. Under her leadership, the New Yorker has received seven Academy Award nominations for its projects, and Vanity Fair Studios has produced projects such as FX and Hulu’s “Secrets of Hillsong” and the dark comedy “Cat Person.” Additionally, Vogue Studios was responsible for the upcoming war drama “Lee” and the documentary “Invisible Beauty.”
Prior to joining Condé Nast in 2020, Chu worked for the Walt Disney Company for 12 years. Most recently, she served as senior VP of content for Disney+. She also served as an executive for story and franchise development for the Imagineering division of Disney, as well as vice president of the office of CEO, which was occupied by Bob Iger at the time of her employment.