Erik Huggers has stepped down as president and CEO of Vevo, a role he has held since 2015.
Effective immediately, Alan Price has been named interim CEO of the music and video platform, alongside his current role as chief financial officer.
The surprise move comes as Vevo’s deal with YouTube is due for negotiation in the first quarter of 2018.
Vevo’s board of directors said: “We would like to thank Erik for his hard work, dedication and leadership at Vevo, which grew dramatically during his tenure and helped forge stronger connections between artists and fans through popular features and original programming.”
Vevo, which opened its European HQ in London this year, averages 25 million unique viewers a day and attracts 25 billion viewers monthly.