IDW Media Holdings CEO and co-founder Ted Adams is taking a leave of absence from the company with board member Kerry McCluggage stepping into the role of CEO, according to The Hollywood Reporter. IDW Media Holdings is the parent company of IDW Publishing.
Adams' leave will reportedly be brief, with the co-founder planning to return to IDW in a "new creative role" at some point. McCluggage joined the board of IDW in November 2017, and is a longtime television executive who helped launch the UPN Network.
“As chairman of Paramount TV, Kerry grew that operation from $700 million to $3.2 billion in just over a decade, making it one of the world’s leading television production companies,” said IDW chairman Howard Jonas in a statement. “His leadership abilities and keen understanding of the entertainment industry have also enabled him to achieve success with his own film and television production company Craftsman Films. Similarly, his contributions as a member of the IDW board of directors have provided him with beneficial insights necessary to continue IDW’s story of success as the company seeks to expand upon its business model.”
“It’s media unit, encompassing publishing and games as well as reimagining the entertainment production model, has achieved tremendous success and is poised for phenomenal growth,” added McCluggage. “There is also a great team of passionate, talented professionals that I am eager to lead and learn from as we continue to build upon the incredible foundation created by Ted Adams and others over the past 20 years.”
This is the second shift in role for Adams in recent memory. In November, Adams moved from his job as IDW Publisher to the CEO position.