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BuzzFeed Inc. (NASDAQ:BZFD) announced that Patrick Kerins will not seek re-election to the company's board of directors. His retirement is expected to take place immediately before the company's 2024 annual general meeting. The company disclosed the development in a recent SEC filing, saying Kerins' decision was not due to any disagreement with BuzzFeed regarding its operations, policies or practices.
Mr. Kerins' term as a director will end at the expiration of his current term and his role will cease. The exact date of the annual meeting has not been disclosed, but it is usually held in the spring, suggesting his departure is imminent.
The filing does not provide a reason for Kerins' decision not to run for re-election, nor does it mention potential successors or how the company plans to fill future board vacancies. His decision to resign appears to be personal, as it is unrelated to any internal conflict or controversy.
BuzzFeed, known for its digital media and news presence, has not announced any immediate operational changes due to Kerins' upcoming departure. The company has not commented on this matter beyond what is provided in its SEC filing.
As this news is based on the company's public statements, investors and stakeholders are expected to look forward to further information regarding the change in board leadership at the upcoming annual general meeting. The impact of this change on the company's governance and strategic direction remains to be seen.
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