Blue Ocean Acquisition Corp appointed Marcus Brauchli as new CEO

Item 5.02 
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


Chief Executive Officer Resignation


As previously disclosed, on June 28, 2022, Paul Bascobert informed Blue Ocean Acquisition Corp (the "Company") that he intended to resign from his position as Chief Executive Officer, effective September 18, 2022. Mr. Bascobert remains a member of the Board of Directors (the "Board") of the Company following his resignation as Chief Executive Officer.


Appointment of an Interim Chief Executive Officer


On September 19, 2022, the Board appointed Marcus Brauchli to the position of Interim Chief Executive Officer of the Company, effective immediately, to serve in such capacity on an interim basis until a successor is identified and appointed by the Board.


Marcus Brauchli, age 61, has been Chairman of the Company since its inception. He has also been co-founder and managing partner of North Base Media Ltd. since January 2014. He previously was vice president of Graham Holdings Company (NYSE: GHCO) and its predecessor, The Washington Post Co., from July 2008 until December 2013, where he developed digital opportunities for a group that included The Washington Post, the Post-Newsweek television stations, the Cable One group and Slate, a digital site. From September 2008 to December 2012, he was the executive editor of The Washington Post (the "Post") and oversaw the Post's budget and a newsroom of more than 700 journalists. He drove significant changes in the Post's digital operation, which quadrupled its audience. Mr. Brauchli came to the Post from a 24-year career at Dow Jones & Co., where he was a vice president and the top editor of The Wall Street Journal at the time the company was acquired by News Corp. in a $5.6 billion transaction. He ran WSJ's budget and oversaw a global staff, with operations in Asia, Europe and the U.S., as well as the Marketwatch, a digital site. He also was responsible for approving changes in the Dow Jones Industrial Average.


There is no arrangement or understanding between Mr. Brauchli and any other person pursuant to which he was appointed as Interim Chief Executive Officer of the Company. There are no familial relationships between Mr. Brauchli and any director or executive officer of the Company that are required to be disclosed pursuant to Item 401(d) of Regulation S-K, and there are no current or proposed transactions in which Mr. Brauchli has or will have a direct or indirect material interest and in which the Company is or will be a participant that require disclosure pursuant to Item 404(a) of Regulation S-K.