Devin Nunes Departs as Trump Media CEO, Kevin McGurn Named Interim Successor

Devin Nunes, the former Republican congressman who served as chief executive officer of Trump Media & Technology Group since its inception, has been replaced on an interim basis by Kevin McGurn, a digital media executive with prior experience at T-Mobile USA, Vevo and Hulu. The leadership change comes amid ongoing financial challenges for the company, which operates the Truth Social platform and has seen its stock decline significantly since peaking after Donald Trump’s 2024 re-election.

According to multiple verified reports, Trump Media & Technology Group announced the transition in a statement issued on April 21, 2026, confirming that Nunes would be succeeded by McGurn, who had been serving as an adviser to the company since December 2024. No reason was provided for Nunes’ departure, and no timeline was given for a permanent replacement.

Leadership Transition Amid Stock Decline

The shift in leadership follows a period of substantial stock volatility for Trump Media & Technology Group, which trades under the ticker DJT. After reaching a high of $40.03 on January 17, 2025, the stock closed at $9.82 on April 21, 2026, representing a decline of approximately 75% from its peak. The company reported a net loss of $712 million on just $3.7 million in revenue during its most recent quarterly filing, with total assets listed at $2.6 billion.

Since going public via a merger with Digital World Acquisition Corp. In 2022, Trump Media has accumulated losses exceeding $1.1 billion. In 2024, Nunes received total compensation of $47 million, the last year for which such figures have been disclosed.

Background on Trump Media and Truth Social

Trump Media & Technology Group was formed by associates of Donald Trump as an alternative to mainstream social media platforms following his suspension from Twitter (now X) and Facebook after the January 6, 2021 Capitol riot. The company launched Truth Social in February 2022, positioning it as a “free speech” platform aligned with conservative viewpoints.

Beyond Truth Social, the company operates the streaming service Truth+ and the financial services brand Truth.Fi. It has also pursued strategic partnerships, including a collaboration with Crypto.com and a proposed merger with fusion energy company TAE Technologies, which is expected to close in mid-2026. In February 2026, Trump Media announced plans to explore the potential spinoff of certain business units, though no details have been finalized.

Statements from Leadership

In a public statement, Donald Trump Jr. Acknowledged Nunes’ tenure, saying: “I want to thank Devin Nunes for his dedicated service to the Company over the past four years, and congratulate Kevin McGurn on his appointment as Interim CEO. Kevin brings deep experience across media, technology, and capital markets, as well as a strong understanding of Trump Media’s operations and strategic priorities. His familiarity with the Company and alignment with our leadership team uniquely position him to guide Trump Media through this important period.”

Kevin McGurn, in his own statement, said the company is “poised to take off,” though he did not elaborate on specific plans for operational or financial turnaround.

Key Takeaways

• Devin Nunes has stepped down as CEO of Trump Media & Technology Group after four years in the role.
• Kevin McGurn, a former executive at T-Mobile, Vevo, and Hulu, has been named interim CEO.
• The leadership change occurs amid a steep decline in Trump Media’s stock value, which has lost over 75% of its peak price since early 2025.
• The company continues to report significant financial losses, with minimal revenue relative to its asset base.
• No permanent replacement for Nunes has been announced, and no reason was given for his departure.

Frequently Asked Questions

Who is Devin Nunes?

Devin Nunes is a former Republican member of the U.S. House of Representatives from California, serving during Donald Trump’s first term. He became CEO of Trump Media & Technology Group when the company was founded and has led it through its public launch and subsequent stock market performance.

Who is Kevin McGurn?

Kevin McGurn is a digital media executive who has held leadership roles at T-Mobile USA, Vevo, and Hulu. He has served as an adviser to Trump Media & Technology Group since December 2024 before being named interim CEO in April 2026.

What is Trump Media & Technology Group?

Trump Media & Technology Group is the parent company of Truth Social, a social media platform launched as an alternative to major networks following Donald Trump’s suspension from Twitter and Facebook. It also operates the Truth+ streaming service and Truth.Fi, a financial services brand.

Why did Devin Nunes leave as CEO?

Trump Media & Technology Group did not provide a specific reason for Devin Nunes’ departure or indicate whether it was voluntary or involuntary. The company only confirmed that he is being replaced on an interim basis by Kevin McGurn.

What is the current status of Truth Social?

Truth Social remains operational as the flagship product of Trump Media & Technology Group. However, the platform has not achieved broad user adoption despite frequent leverage by Donald Trump for political announcements. The company continues to face significant financial challenges, including multi-year losses and declining stock value.