CNBC Chief International Correspondent and “Power Lunch” co-anchor Michelle Caruso-Cabrera, is leaving her high-profile role at the cable financial network to join the board of Dallas-based financial services company Beneficient, effective September 1.
Although she will no longer be a full-time employee for the network, Caruso-Cabrera “will remain a part of the CNBC family” as a contributor, offering analysis and commentary on international affairs, financial markets and geopolitics.
She’ll also guest host for “Squawk Box” and other programs, according to a note sent to staff by CNBC Chairman Mark Hoffman and Editor-in-Chief and Business News SVP Nikhil Deogun.
Caruso-Cabrera this year celebrated her 20th anniversary with the network. She joined CNBC in 1998, anchoring several CNBC programs during her time at the network, most recently “Power Lunch.” In 2011, she was named CNBC Chief International Correspondent. She has reported from Europe, Latin America, Asia and the Middle East.