Trump Media Names Kevin McGurn, Former Hulu and Vevo Exec, Interim CEO

Trump Media & Technology Group, the parent company of social-media platform Truth Social and other businesses whose mission is “to end Big Tech’s s assault on free speech by opening up the internet and giving people their voices back,” announced the appointment of Kevin McGurn as interim CEO effective immediately.

McGurn, who has previously worked as an executive at Hulu, Vevo and T-Mobile, has served as an adviser to Trump Media since December 2024. He will succeed Devin Nunes, the former U.S. congressman who was TMTG’s CEO since 2022 and is now exiting the company.

“I want to thank Devin Nunes for his dedicated service to the company over the past four years, and congratulate Kevin McGurn on his appointment as Interim CEO,” Donald Trump Jr., a TMTG board member, said in a statement on behalf of the company’s board of directors. “Kevin brings deep experience across media, technology and capital markets, as well as a strong understanding of Trump Media’s operations and strategic priorities. His familiarity with the Company and alignment with our leadership team uniquely position him to guide Trump Media through this important period.”

Last December, Trump Media & Technology Group announced a merger agreement with nuclear fusion company TAE Technologies in an all-stock deal valued at more than $6 billion. The companies said the transaction is expected to close in mid-2026. In February, Trump Media said it was considering a potential spin-off of “businesses including Truth Social into a new publicly traded company” following the closing of the pending merger transaction between TMTG and TAE.

For full-year 2025, Trump Media & Technology Group reported $3.7 million in revenue and a $712.3 million consolidated net loss. According to the company, the net loss included non-cash losses related to changes in the fair value of digital assets and digital assets pledged ($403.2 million) and non-cash losses stemming from the fair value mark to market of digital asset related securities ($178.8 million). The figure also includes $59.2 million in non-cash stock-based compensation and $27 million in non-cash interest expense on outstanding debt.

TMTG said that at the end of 2025, it had financial assets of approximately $2.5 billion comprising cash, restricted cash, short-term investments, equity securities, note receivable, digital assets and digital assets pledged.

In a statement on Truth Social, Nunes said in part that “having achieved Trump Media’s original mission of giving the American people their voices back, and with the Company’s future secured through our strong balance sheet, it’s an appropriate time for Kevin McGurn, a Trump Media advisor with deep experience in media, mergers, and acquisitions, to take over the Company’s leadership and steer Trump Media through its current transition phase.”

Nunes continued, “This will allow me to focus more intently on my role as Chairman of the President’s Intelligence Advisory Board and on other ventures, knowing the company is in safe hands under Kevin’s stewardship.”