HomeBusinessNBCUniversal CEO Jeff Shell leaves after inappropriate conduct probe

NBCUniversal CEO Jeff Shell leaves after inappropriate conduct probe

NBCUniversal CEO Jeff Shell will go away the corporate “efficient instantly” following an investigation right into a grievance of inappropriate conduct, Comcast introduced Sunday.

“At present 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 press release Sunday. “I’m really sorry I let my Comcast and NBCUniversal colleagues down, they’re essentially the most proficient individuals within the enterprise and the chance to work with them the final 19 years has been a privilege.”

An out of doors regulation agency carried out the investigation, and Shell’s departure was mutually agreed upon, the corporate said. Comcast is NBCUniversal’s mother or father firm.

In a memo to workers, Comcast chairman and CEO Brian Roberts and Comcast President Mike Cavanagh said that they had been “disillusioned to share this information.”

“We constructed this firm on a tradition of integrity. Nothing is extra necessary than how we deal with one another. You must depend in your leaders to create a protected and respectful office,” Roberts and Cavanagh said. “When our rules are violated, we are going to at all times transfer rapidly to take applicable motion, as we now have finished right here.”

They added that NBCUniversal “is performing extraordinarily nicely operationally and financially.”

Comcast didn’t title Shell’s successor and didn’t instantly reply to The Washington Publish for remark. Cavanagh will head Shell’s staff — and NBCUniversal — within the interim, the corporate’s inside memo said.

Shell was named NBCUniversal CEO in 2020, the place he pushed ahead the corporate’s streaming service Peacock and oversaw the media big’s huge portfolio, together with its information and leisure TV networks, movie studio and theme parks.

Earlier than changing into CEO, Shell was chairman of NBCUniversal Movie and Leisure, the place he centered on content material creation.

This isn’t the primary time an NBCUniversal chief has stepped down because of a controversial relationship.

In 2020, Ron Meyer left his long-held publish as NBCUniversal vice chairman after admitting that he paid a girl to stay silent about their affair.

On the time, Shell said that Meyer “acted in a way which we consider isn’t in step with our firm insurance policies or values.”

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