Devin Nunes to focus on his role as Chairman of Trump's Intelligence Advisory Board, being replaced as CEO of Truth Media by Kevin McGurn on an interim basis, stating that Trump Media succeeded in its original purpose.

"In a press release, Trump Media announced that Kevin McGurn would replace Nunes as Interim CEO for the time being. Donald Trump Jr., a company board member, thanked Nunes on behalf of the Board of Directors, though he didn’t give a reason as to why he was let go.

“I want to thank Devin Nunes for his dedicated service to the Company over the past four years, and congratulate Kevin McGurn on his appointment as Interim CEO,” Trump said in a statement. “Kevin brings deep experience across media, technology, and capital markets, as well as a strong understanding of Trump Media’s operations and strategic priorities. His familiarity with the Company and alignment with our leadership team uniquely position him to guide Trump Media through this important period.”

Nunes released a lengthy statement of his own on Truth Social, touting his accomplishments at the company and in his political career. He said his departure would allow him to focus on his position as the Chairman of Trump’s Intelligence Advisory Board.

“Now, having achieved Trump Media’s original mission of giving the American people their voices back, and with the Company’s future secured through our strong balance sheet, it’s an appropriate time for Kevin McGurn, a Trump Media advisor with deep experience in media, mergers, and acquisitions, to take over the Company’s leadership and steer Trump Media through its current transition phase,” he said…."

https://www.washingtonexaminer.com/news/business/4538546/devin-nunes-out-trump-media-ceo-financial-losses/