NBCUniversal CEO Jeff Shell is leaving Comcast over ‘inappropriate conduct’

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 habits, Comcast says it got here to a “mutual” resolution with Shell that he ought to resign his place.

“Right now is my final day as CEO of NBCUniversal. I had an inappropriate relationship with a lady 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 essentially 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 advised workers they had been “upset” 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 depend in your leaders to create a protected and respectful office,” they wrote. “When our rules and insurance policies are violated, we are going to all the time transfer rapidly to take acceptable motion, as we have now accomplished right here.”

Shell joined Comcast in 2004. He turned 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. At first of the 12 months, Comcast advised buyers that it had added five million paying subscribers through the ultimate three months of 2022. Nonetheless, over that very same interval, the corporate misplaced practically $1 billion working the service.