Vevo to Name Intel Veteran Erik Huggers as Chief Exec

Bloomberg: Vevo, the largest music-video site in the U.S., is set to name former Intel executive Erik Huggers as CEO. Huggers, who led Intel’s effort to create a web-TV service that was ultimately sold to Verizon, is expected to be announced as CEO on Thursday, the day the music site makes its NewFronts presentation to advertisers in New York. Former CEO Rio Caraeff left Vevo at the end of 2014. The move brings Vevo and its owners, including Universal Music Group and Sony Music Entertainment, a veteran to steer the company through a rapid growth in online TV.