Bob Pisani, the long correspondent of older markets in CNBC, will be removed from his daily reporting tasks after a preserved career that involves more than three decades with the network.
Broadcasting of the last day of Pisan from the floor of the New York Stock Exchange is scheduled for May 9th. However, he will not disappear completely.
The CNBC confirmed the deadline of the news site that Pisan will later turn this year into a contributing role for CNBC Pro, the network -based platform targeting professional investors.
“Bob has been more than just a colleague over the last three decades – he has been a constant presence, a reliable voice and a determining figure in our coverage,” wrote Dan Colarusso, the senior Vice President of CNBC Business News, in a staff memorandum.
“He has been a main pillar in CNBC and a true Wall Street institution, bringing passion, sharp analysis and a deep understanding of markets that have gained the respect of his peers and viewers alike.”
Pisan joined CNBC in 1990 and became its stock editor in 1997, eventually becoming one of the most popular faces in financial journalism.
Known for his in -depth reporting, calm behavior and sharp ingenuity, Pisan gained a reputation as a reliable translator of market movements and the feeling of investors during booms and crises.
In 2022, Pisan author of the book “Shut and continue to talk: Life lessons and investment from the floor of the New York Stock Exchange, which chronicled his experience of his decades covered by Wall Street and offered both personal anecdotes and practical advice.
Pisan’s departure comes while the CNBC is preparing to rotate by the parent company Comcast later this year.
The head of what will eventually be the spun-off division announced that the newly created unit has been officially named Versant.
Verent will include a wide number of Comcast media assets, including cable networks such as CNBC, MSNBC, USA, Syfy, E !, Oxygen and The Golf Channel, along with digital properties such as Fandango and Rotten Tomates.
The mass is part of a wider restructuring that will see the division function independently of NBCUniversal, although both entities are expected to remain freely connected during a transition period.
The Roberts family, the founding and controlling family after Comcast, will keep control of both companies.
The post has requested comment from CNBC.
A device on the NYSE floor, Pisan has been one of the last remaining TV journalists to regularly report from the iconic trading post.
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Image Source : nypost.com