In a Sunday afternoon bombshell, Comcast announced Jeff Shell is no longer CEO of NBCUniversal  following an inappropriate relationship with a woman in the company.

“Today is my last day as CEO of NBCUniversal. 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,” Shell said in a statement issued just after 3pm ET Sunday.

Shell’s departure came after an investigation by outside counsel into a complaint of inappropriate conduct. His exit, effective immediately, was described as mutual. Shell’s senior team will now report directly to Comcast Corp. President Mike Cavanagh.

A note to employees from Cavanagh and Comcast CEO Brian Roberts said that the company is built on a culture of integrity and “we will always move quickly to take appropriate action, as we have done here.” The memo went on to note that NBCU is performing “extremely well” operationally and financially. Comcast reports 1Q23 results on Thursday.

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T. Howard Foundation: Passing the Torch, Keeping the Mission

When Jo Pamphile retired as President/CEO of the T. Howard Foundation, she passed the torch to longtime member Judi Lopez. CFX talked with Lopez and new board chair Rosalyn Durant about what’s next for the Foundation.

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