Arianna Huffington announced on Aug. 11 that she will no longer serve as editor-in-chief of her eponymous online news website and instead will be focusing on the launch of her new venture.
“I step down as editor-in-chief filled with gratitude for our amazing HuffPost team and for what we’ve built together, and for [AOL CEO] Tim Armstrong who had the vision to buy HuffPost five years ago and to support from day one our global expansion,” said Huffington in a statement. “The journey of the last eleven years has exceeded my wildest expectations.”
She added, “HuffPost will always be part of me, and I’ll always be here to help in every way possible as it continues to reach new heights.”
The media mogul also confirmed the news via Twitter, where she also thanked her staff for their contribution to the online publication.
To everyone at HuffPost: it’s you who make HuffPost what it is. I’m filled with gratitude to all the colleagues and friends I’ve made here.
— Arianna Huffington (@ariannahuff) August 11, 2016
Huffington will focus on a new health and wellness startup called Thrive Global. The company is expected to launch in November and aims to improve people’s health and wellness while reducing the burnout and stress in individuals and companies.
“Stress and burnout are a global pandemic, costing businesses hundreds of billions of dollars per year – $300 billion in the U.S. alone,” she said.
In a press release, Thrive Global says it will provide trainings, e-courses and present “scientific findings from experts in the fields of neuroscience, psychology, productivity, sports, and sleep.”
Huffington co-founded the news site with entrepreneur Jonah Peretti—founder of Buzzfeed—and Kenneth Lerer. Six years after the site went live, AOL acquired The Huffington Post for $315 million in 2011. In the deal, Huffington stayed on as president and editor-in-chief.
As Huffington moves into another phase of her life, she said leading both companies would be contradictory to her new startup’s mission.
“Running both companies would have involved working around the clock, which would be a betrayal of the very principles of Thrive I’ve been writing and speaking about,” she wrote. “To to truly thrive means knowing when the time has come to close one chapter and start the next, and for me that time has arrived.”