memo to employees on Sunday, Shell apologized for having “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,” he added.Comcast confirmed in an 8-K filing with the Securities and Exchange Commission on Monday that it retained outside counsel to investigate allegations that Shell engaged in inappropriate conduct with a female employee. “During the investigation, evidence was uncovered that corroborated the allegations,” the media conglomerate added. “As a consequence, on April 23, 2023, the Company terminated Mr.
Shell’s employment With Cause under his employment agreement, effective immediately.”Shell, who first joined Comcast in 2004, took power as NBCUniversal CEO at the start of 2020 after working for the previous five years as the chairman of Universal Film and Entertainment Group.
He is the second executive in the past three years to depart NBCUniversal over inappropriate conduct, as former vice chairman Ron Meyer left the company in August 2020 over an extramarital affair with actress Charlotte Kirk.Comcast president Mike Cavanagh will serve as Shell’s permanent replacement, an insider confirmed to TheWrap. “We are disappointed to share this news with you.
We built this company on a culture of integrity. Nothing is more important than how we treat each other. You should count on your leaders to create a safe and respectful workplace.
Read more on thewrap.com
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