Trump Media Replaces CEO Nunes with Interim McGurn

Trump Media Technology Group, the parent company of the Truth Social platform, announced on Tuesday that it is replacing its chief executive officer, Devin Nunes, with digital media executive Kevin McGurn on an interim basis. The change comes amid a sharp decline in the company's stock value, which has erased billions in investor wealth following a post-election surge.

Nunes, a former California congressman who served in Donald Trump's first term and has held the CEO position since 2022, is stepping down to focus on his role as chairman of the President's Intelligence Advisory Board, which he assumed in January 2025. The company did not specify a timeline for a permanent replacement. McGurn, who has advised Trump Media since December 2024, brings experience from executive roles at companies including NBCUniversal, Hulu and DoubleClick. He also serves as CEO of a separate entity involving Trump's sons, Donald Jr. and Eric, aimed at acquiring U.S. manufacturers.

The leadership shift follows a tumultuous period for Trump Media, which went public two years ago through a merger with Digital World Acquisition Corp. The stock soared ahead of Trump's reelection in November 2024 but then...