14th June 2024

NBCUniversal CEO Jeff Shell is leaving Comcast, efficient instantly. The telecom big made the shock announcement in a terse press launch it issued on Sunday. Following an investigation prompted by a grievance of inappropriate habits, Comcast says it got here to a “mutual” resolution with Shell that he ought to resign his place.

“In the present day is my final day as CEO of NBCUniversal. I had an inappropriate relationship with a girl within the firm, which I deeply remorse,” Shell stated in a joint assertion. “I am actually sorry I let my Comcast and NBCUniversal colleagues down, they’re probably the most proficient individuals within the enterprise and the chance to work with them the final 19 years has been a privilege.”

Comcast has not named a successor to Shell. In a memo obtained by Selection, Comcast CEO Brian Roberts and President Mike Cavanagh advised staff they have been “dissatisfied” to share the information. “We constructed this firm on a tradition of integrity. Nothing is extra vital than how we deal with one another. It is best to rely in your leaders to create a secure and respectful office,” they wrote. “When our rules and insurance policies are violated, we’ll at all times transfer shortly to take applicable motion, as we now have finished right here.”

Shell joined Comcast in 2004. He grew to become the CEO of NBCUniversal in 2020. That very same 12 months, he oversaw the launch of Peacock. Shell leaves NBCUniversal with out having made the streaming service worthwhile. Initially of the 12 months, Comcast advised traders that it had added 5 million paying subscribers in the course of the last three months of 2022. Nevertheless, over that very same interval, the corporate misplaced practically $1 billion working the service.

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