Jonathan Wald leaving CNBC

Could not reach new agreement with the network

NEW YORK -- Veteran NBC executive Jonathan Wald is leaving CNBC in the spring.

Wald, who has been with the business channel since 2004, is senior vp.

A memo from CNBC president Mark Hoffman on Tuesday said that Wald and CNBC "could not come to terms on a new agreement and have made the decision together that the best solution is to part company at this time."

No replacement has been named.

Wald joined NBC News in 1983 and was executive producer of "NBC Nightly News" and "Today" before moving to CNBC, where he has been responsible for programming.