Comcast announced NBCUniversal CEO Jeff Shell has left the company due to an 'inappropriate relationship' following an internal investigation on Sunday.
CEO Jeff Shell is departing the company due to an"inappropriate relationship" following an internal investigation, NBC's parent company Comcast Corp. announced Sunday.
In a joint statement with Comcast, Shell, who has worked at the company for nearly two decades, said both parties"mutually agreed" that he will step down immediately in light of an investigation by outside counsel into a complaint of inappropriate conduct involving a woman in the company. CEO of NBC Jeff Shell arrives for the Allen & Company Sun Valley Conference on July 06, 2021 in Sun Valley, Idaho. After a year hiatus due to the COVID-19 pandemic the world's most wealthy and powerful businesspeople from the media, finance, and technology will converge at the Sun Valley Resort for the exclusive week-long conference.
"Today is my last day as CEO of NBCUniversal," Shell said in the statement."I had an inappropriate relationship with a woman in the company, which I deeply regret. I’m truly sorry I let my Comcast and NBCUniversal colleagues down, they are the most talented people in the business and the opportunity to work with them the last 19 years has been a privilege.
The memo continued,"Please know that NBCUniversal is performing extremely well operationally and financially, and we couldn’t be more enthusiastic about our position and prospects going forward," Roberts and Cavanaugh wrote."We are fortunate to have an experienced, world-class group of executives leading this incredible company."The memo said that Shell's senior team will report to Cavanagh for the time being.
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