Vevo Names Former Intel Exec Erik Huggers CEO

Huggers is the new CEO and president of Vevo, the music video joint venture started by Universal Music Group and Sony Music. The service, which generates 11 billion video views a month, is one of the biggest media assets on the Web. But it’s also in a perennially precarious position, in large part because it is dependent on Google’s YouTube for the majority of its traffic.

Vevo had previously been run by former Universal executive Rio Careff, who launched the service in 2009 and left last fall.

via Vevo Names Former Intel Exec Erik Huggers CEO | Re/code.