NBCUniversal CEO Jeff Shell is leaving Comcast, efficient instantly. The telecom large made the shock announcement in a terse press launch it issued on Sunday. Following an investigation prompted by a criticism of inappropriate conduct, Comcast says it got here to a “mutual” choice with Shell that he ought to resign his place.
“Immediately is my final day as CEO of NBCUniversal. I had an inappropriate relationship with a girl within the firm, which I deeply remorse,” Shell mentioned in a joint assertion. “I am really sorry I let my Comcast and NBCUniversal colleagues down, they’re probably the most proficient folks 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 Variety, Comcast CEO Brian Roberts and President Mike Cavanagh instructed workers they had been “disenchanted” to share the information. “We constructed this firm on a tradition of integrity. Nothing is extra essential than how we deal with one another. It is best to rely in your leaders to create a protected and respectful office,” they wrote. “When our ideas and insurance policies are violated, we are going to at all times transfer shortly to take acceptable motion, as we now have achieved right here.”
Shell joined Comcast in 2004. He grew to become the CEO of NBCUniversal in 2020. That very same yr, he oversaw the launch of Peacock. Shell leaves NBCUniversal with out having made the streaming service worthwhile. Initially of the yr, Comcast instructed buyers that it had added five million paying subscribers in the course of the closing three months of 2022. Nonetheless, over that very same interval, the corporate misplaced practically $1 billion working the service.