NBCUniversal CEO Jeff Shell Exits

NBCUniversal’s CEO Jeff Shell is set to exit the company following an investigation into misconduct involving an inappropriate relationship with a co-worker.

Comcast and Shell jointly announced the news Sunday in a statement, saying they’ve mutually agreed on the decision, and he will depart effective immediately.

Shell’s statement reads: “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.”

Following over six years as chairman of Universal Filmed Entertainment Group, Shell took over as NBCU CEO on January 1st 2020, replacing previous CEO Steve Burke, and reported directly to Comcast CEO Brian L. Roberts. He oversaw NBCU’s various networks, Universal Pictures, Peacock, and significant TV production operations.

The exit comes at an essential time at Universal – just as “The Super Mario Bros. Movie” dominates the global box-office with nearly $870 million after just over two weeks.

In addition this week will see the CinemaCon event where Universal will present its upcoming slate of movies to theater owners in Las Vegas – an event where Shell was a regular. Not only that but both Peacock and NBC have TV upfront presentations in the coming weeks.

Source: THR

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