After eight years as CEO of Participant Media, Jim Berk has resigned from the company, effective immediately. Participant founder Jeff Skoll will act as interim CEO as the company searches for Berk’s replacement.
Skoll recently instigated a strategic review of Participant by McKinsey & Co., which likely led to Berk’s resignation. Employees learned of his exit via a company-wide email that preceded a meeting in which Skoll described the upcoming transition.
“I am grateful to Jim for leading Participant over the last eight and [a] half years, expanding the company to span film, television and digital, serving a global audience of socially conscious consumers,” said Skoll.