NBCUniversal CEO Jeff Shell is leaving his role, effective immediately, after an investigation into inappropriate conduct.

 

NBCUniversal CEO Jeff Shell is leaving his role, effective immediately, after an investigation into inappropriate conduct. 

Shell oversaw NBCUniversal's entertainment operations and worked for Comcast for about 20 years. 

  • "I had an inappropriate relationship with a woman in the company, which I deeply regret," said Shell. It is unknown what the inappropriate conduct or nature of the relationship entailed.
  • No replacements have been named to fill his role. Comcast President Mike Cavanagh will oversee NBCUniversal's entertainment operations until a successor is named.
    • Mark Lazarus, who oversees NBCUniversal's television and streaming businesses, and Donna Langley, who is in charge of theatrical operations, will report to Cavanagh for the time being. 
  • The company's Peacock streaming service has grown in recent months, surpassing 20 million paid subscribers in Q4 2022. 

Zoom Out:

  • Peacock lost nearly $1B on an adjusted basis last year. 

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