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Former HuffPo CEO On Departure: “Bummer”

morgan.pngOn Monday, the Huffington Post announced that it had named a new CEO, longtime board member and venture capitalist Eric Hippeau. Current CEO Betsy Morgan, who joined the online publication in October 2007 from CBSNews.com, would be stepping down and relinquishing her own spot on the HuffPo board, the company reported.

When we spoke to HuffPo founder and namesake Arianna Huffington later that day, she told us the move had been in the works for awhile and that the split was amicable. Morgan, on the other hand, told Fortune‘s Patricia Sellers that “her firing came as a surprise to her.”

“Bummer,” Morgan told Sellers, although she made a point to say that she was not bitter about her dismissal. Morgan is also unsure what she’s going to do next. “My biggest question is do I help fix an old media business or do I help grow a new one?” she said.

Meanwhile, The New York Observer has an interview today with new CEO Hippeau, who has been tasked with the job of turning a profit at HuffPo. Traffic and ad revenues grew tremendously under Morgan, but the company has get to make a profit.

“I don’t think we really need to fix very much,” Hippeau told the Observer. “I think the Huffington Post is doing quite well, and you can tell that by the metrics. I’m not here to fix it; I’m here to grow it.”

Earlier: Updated: Huffington Post Gets New CEO

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