NBCUniversal CEO Jeff Shell is out after admitting inappropriate relationship

Jeff Shell, CEO of NBCUniversal, walks to lunch on the Allen & Firm Solar Valley Convention on July 07, 2022 in Solar Valley, Idaho.

Kevin Dietsch | Getty Photos

NBCUniversal CEO Jeff Shell on Sunday left his function instantly after he admitted an “inappropriate relationship” with a lady within the comany, father or mother firm Comcast introduced.

“At the moment is my final day as CEO of NBCUniversal. I had an inappropriate relationship with a lady within the firm, which I deeply remorse. I am actually sorry I let my Comcast and NBCUniversal colleagues down, they’re essentially the most gifted folks within the enterprise and the chance to work with them the final 19 years has been a privilege,” Shell mentioned in an announcement.

Comcast employed outdoors counsel and commenced an inner investigation following a grievance. The grievance was filed by the lady with who Shell shared the “inappropriate relationship,” in keeping with folks conversant in the matter.

An organization e-mail mentioned Shell’s workforce will report back to Comcast President Mike Cavanagh. The corporate hasn’t been interviewing or trying to find a alternative, and has no plans to take action instantly, mentioned an individual near the matter. Shell, in addition to different leaders at NBCUniversal, have already been reporting into Cavanagh for a while and he is aware of the enterprise effectively, the individual mentioned.

“We’re dissatisfied to share this information with you. We constructed this firm on a tradition of integrity. Nothing is extra vital than how we deal with one another. You need to depend in your leaders to create a protected and respectful office. When our rules and insurance policies are violated, we are going to at all times transfer rapidly to take acceptable motion, as we now have completed right here,” Cavanagh and Comcast CEO Brian Roberts mentioned in a separate assertion.

Roberts can even get extra concerned with the NBCUniversal enterprise alongside Cavanagh, the individual mentioned.

Shell has served as CEO of NBCUniversal since January 2020. He oversaw the corporate’s theme parks, its Peacock streaming service, sports activities manufacturing operations, tv stations group and leisure and information tv networks like NBC Information.

He beforehand served as chairman of NBCUniversal Movie and Leisure.

Comcast is because of report earnings Thursday.

Disclosure: Comcast owns NBCUniversal, the father or mother firm of CNBC.

That is breaking information. Please verify again for updates.

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