Nancy Dubuc speaks onstage at The Hollywood Reporter's 2017 Women In Entertainment Breakfast. Photo by Jesse Grant/Getty Images.

Nancy Dubuc has left her post as CEO of A&E Networks and will become chief executive of Vice Media, replacing the company's co-founder Shane Smith. Smith will move to executive chairman, where he will focus on "strategic deals and content development."

Why it matters: Vice Media, currently valued at around $5.7 billion, found itself embroiled in controversy after more than 24 women came forward with stories of sexual harassment, resulting in the dismissal of several top executives. Per Variety, Dubuc is "one of the most prominent executives in the cable TV arena, and one of media’s few female CEOs."

Editor's note: This story has been updated to reflect the official announcement.

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Illustration: Sarah Grillo/Axios

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