17 Dec 2019

USA: NBCUniversal CEO Steve Burke to Retire in August 2020

Steve Burke (photo), CEO of Comcast Corporation’s related media company NBCUniversal, will retire on August 14th, 2020, following the Summer Olympics in Tokyo. Effective January 1st, 2020, Jeff Shell, who currently oversees the company’s film and network television businesses, will become CEO of NBCUniversal, reporting to Burke, who will move to the role of Chairman. Upon Burke’s retirement, Shell will report directly to Brian Roberts, Chairman & CEO of Comcast.

“I cannot thank Steve enough for the incredible impact he has had on this entire company. I will miss Steve’s trusted partnership, and I know I speak for both myself and my late father Ralph when I say that we will be forever grateful to him for shaping first Comcast and then NBCUniversal into the great companies they are today […],” says Brian Roberts, adding “Jeff Shell is the ideal executive to take the helm at NBCUniversal. He has a stellar track record across both the film and TV side of the business, as well as a wealth of international experience. […] I could not be more confident in his ability to lead NBCUniversal into the future.”

Steve Burke comments, “It has been a privilege to work so closely with Brian for the last 22 years, and particularly to have had the opportunity to lead NBCUniversal for the last nine. This is a very special company and I am proud of the people I have worked with and the things we have accomplished together […].”

Under Burke’s leadership, NBCUniversal increased its adjusted EBITDA from 3.4 billion USD to 8.6 billion USD since the acquisition by Comcast in 2011 through 2018. The theme park business unit of the media company comprises the Universal Orlando Resort, Universal Studios Hollywood, Universal Studios Singapore and Universal Studios Japan. (eap)