There's no name attached to this announcement, but at the end of November, new CEO Lior Tal announced the company cut ties with co-founder Steve Kondik. He also said the company would consolidate into a single Palo Alto-based team by the end of the year, as it pivots towards a Modular OS future building add-ons for Android instead of a replacement.
As for Kondik, he tweeted on December 2nd that he's "actually happy to rebrand." Android Police pulled a post from the official CyanogenMod Google+ developer community that suggested he may crowdfund a relaunch of the project, but nothing is confirmed yet.
Update: To no one's surprise, things are changing for CyanogenMod. It's forking into a new project, Lineage, that will revisit the "grassroots community effort" that used to define the custom Android releases. The CyanogenMod team couldn't continue its work without the possibility of a brand sale "looming over their heads," according to a statement, and the "stain" of Cyanogen's corporate actions would be hard to separate from the mod group. In other words, CyanogenMod will live on -- just not with that familiar name.