Veteran Canadian Press president Eric Morrison has left his post as president of the Canadian Press, effective June 7. He was in the spot for 14 years.

According to a CP statement, “An interim leadership team has been put in place to manage day-to-day operations.” The Board has said the search for his replacement will be launched immediately.

The move comes after a change in ownership at CP last year when, in November, when the parent companies or affiliates of Torstar, The Globe and Mail, and La Presse took over CP operations, announcing their plan to re-establish it as a for-profit organization.

“The structure to allow the future success of The Canadian Press has now been put in place and the company has thriving digital products and services and an award-winning collection of journalists,” said Morrison in the release, “so now is the perfect time for a change.”

CP employs about 250 journalists across Canada. It was created during WWI as a non-profit cooperative allowing member newspapers to share stories and pictures. In recent years it has lost some key members, including the Sun Media newspaper chain, some of who have left to start their own newswire.