NBCUniversal CEO Jeff Shell quits over ‘inappropriate relationship’ with woman

NBCUniversal CEO Jeff Shell is calling it quits after admitting “an inappropriate relationship” with a woman at the media giant, parent company Comcast said Sunday.

The tryst was exposed during an investigation by an outside counsel to investigate a complaint against Shell.

“Today is my last day as CEO of NBCUniversal,” Shell said in a statement Sunday. “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,” the statement said. “They are the most talented people in the business and the opportunity to work with them the last 10 years has been a privilege.”

Shell, who is married, has been with the company for a total of two decades.

He ran the media giant’s entertainment wing and leaves with Comcast’s Peacock streaming service struggling to keep up with competitors, The Wall Street Journal said.

Peacock clocked more than 20 million new subscribers in the fourth quarter but still lost nearly $1 billion, the newspaper said.

NBCUniversal CEO Jeff Shell announced Sunday that he is stepping down after two decades with the company, admitting that he had “an inappropriate relationship” with a woman in the company. No replacement has been named.
REUTERS

Jeff Shell
NBCUniversal CEO Jeff Shell, right, with his wife, Laura, at the Golden Globes. Shell announced Sunday that he is stepping down after admitting “an inappropriate relationship” with a woman at the company.
Getty Images

Comcast did not reveal details of Shell’s relationship with the staffer, nor identify her role in the company.

A replacement for Shell has not been named.

Mike Cavanagh, Comcast’s president, will take over Shell’s duties until a replacement is named, with NBCUniversal’s TV and streaming head, Mark Lazarus, and theatrical operations boss Donna Langley, reporting directly to Cavanagh during the transition.

With Post wires

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