Overview
- Trump Media & Technology Group named Kevin J. McGurn interim CEO Tuesday, with Devin Nunes stepping down to focus on chairing the President’s Intelligence Advisory Board.
- McGurn has advised the company since December 2024 and previously held senior roles at Hulu, Vevo and T‑Mobile, bringing deep experience in digital media and advertising.
- The board, speaking through Donald Trump Jr., thanked Nunes and endorsed McGurn’s appointment following recent director resignations disclosed for Robert Lighthizer and Eric Swider.
- The leadership change follows a difficult 2025 in which the company reported $3.7 million in revenue and a $712 million net loss, and shares closed at $9.82 Tuesday after a steep slide from early‑2025 highs.
- The company has outlined strategic moves that include a planned all‑stock merger with fusion firm TAE Technologies targeted for mid‑2026 and consideration of a spin‑off of businesses including Truth Social.