Hearst and The Walt Disney Co. announced Monday that A+E Networks President and Chief Executive Officer Nancy Dubuc is stepping down effective April 16, 2018. Abbe Raven, chairman emeritus and former CEO of A+E Networks, who retired from the company in 2015 after 33 years, will return as acting chair to oversee the transition until a replacement is named.

Dubuc released a statement citing a desire to pursue her “next dare” and “next challenge.” You can click here to read her full statement.

Raven also released a statement, saying in part: “Nancy and I have worked together for almost 20 years and I have seen the tremendous accomplishments and innovation she has brought to A+E — from its creative content to attracting award-winning talent and the digital and studio businesses she has nurtured.”

Click here to see the full announcement, including the statements from Dubuc and Raven.