Luis Silberwasser is stepping down as president of NBCU Telemundo Enterprises.
Silberwasser’s four years as president were marked by notable growth for the NBCUniversal-owned Hispanic network, which gained market share against longtime rival Univision. He will stay through October 1 to help with the transition.
“I’m extremely proud of what we have accomplished at Telemundo and the important role of this organization in serving the Latino community across America. Today, Telemundo is the clear leader, not only in viewership, but as the network that will take content risks and breaks stereotypes,” said Silberwasser in a statement. “I am thankful to have had the opportunity to work with the best team in the industry and to have been a part of Telemundo’s groundbreaking success.