Asked for comment on McCormack’s exit, an AOL rep said in an emailed statement: “We thank Dermot for his many contributions to AOL and wish him all the best in his next endeavor.”
When AOL announced McCormack’s appointment in October 2014, CEO Tim Armstrong called him “a game-changing talent with experience exactly where we need it — building audiences through engaging programming — and is the person I expect to take AOL’s video efforts to the next level.”
McCormack’s exit comes as AOL is now handling oversight of video production and distribution across its individual brands, such as Huffington Post and TechCrunch, while responsibility for syndication pacts now falls under AOL president Bob Lord.
The change also comes after Verizon closed its $4.4 billion acquisition of AOL in June, looking to tap into AOL’s ad technology. Verizon also is leveraging AOL content (but not initially its ad tech) for Go90, the mobile-focused free video service the company is currently beta testing and plans to launch before the end of September.
Before coming to AOL, McCormack was an executive at Viacom, where he ran Viacom Music & Logo’s Connect Content Group, in charge of all digital initiatives for MTV, VH1, CMT and Logo.
Prior to joining Viacom in 2008, McCormack was Cablevision Systems’ SVP of interactive product management and was co-founder and chief technology officer of online-gift currency startup Flooz.com. Prior to that, McCormack, was one of the first executives at iVillage.com, where he led advertising products and strategy.
McCormack’s departure from AOL was first reported by the Wall Street Journal.