AMC Networks Inc., airer of programs including "The Walking Dead," said Christina Spade has stepped down as CEO, an abrupt departure less than three months after she took the top job.
The board “is currently finalizing who it will name as a replacement,” according to a statement Tuesday. No reason was given for Spade’s departure. She will get severance benefits for termination without cause or resignation for good reason, as outlined in her employment agreement, AMC said in a filing.
The change continues a leadership revolving door. AMC, known for its flagship cable channel along with brands such as IFC and SundanceTV, had been run by Josh Sapan before a similarly sudden exit last year. Matt Blank served as interim CEO before Spade, AMC’s former chief operating officer and chief financial officer, was named the top executive effective Sept. 9.