Hulu’s Founding Chief Executive, Jason Kilar, has announced on Hulu’s blog that he will be stepping down from his role in the next three months. The New York Times reported that his departure comes just several months after Providence Equity Partners, the only independent owner of Hulu, sold its 10%  stake originally bought for US$100 million, for US$200 million.

The report also added that Kilar’s departure is certain to raise speculation about the future of Hulu due to conflicts of interest with its owners – the Walt Disney Company, Comcast and the News Corporation – and what to do with the website. Kilar was said to be Hulu’s advocate and would sometimes engage in heated discussions with the network executives on Hulu’s Board to continue pumping investment into the site.

Kilar said his departure would take effect within the first quarter of the year. No successor was named. Rich Tom, the site’s Chief Technology Officer, will also depart in the first quarter. A former executive at Amazon, Kilar was one of the top candidates last year for the chief executive position at Yahoo, but declined to be considered.

“I’ve been so fortunate to play a role in this amazing, ongoing journey. My decision to depart has been one of the toughest I’ve ever made. Though the words will fall short of the intended mark, please know how much this team means to me and how very thankful I am to be able to innovate and build alongside you each day,” said Kilar in an internal staff email.