NBC Universal CEO to Leave Company After Comcast Merger - The UpStream

NBC Universal CEO to Leave Company After Comcast Merger

posted Sunday Sep 26, 2010 by Nicholas DiMeo

NBC Universal CEO to Leave Company After Comcast Merger

Back in December, Comcast came to agreement with NBC Universal to purchase them from parent company GE for $30 billion. Because of this, Jeff Zucker, President and CEO of NBC Universal, has announced he will leave the company when Comcast takes over.

To find out more about Zucker's decision, follow the break.

Zucker sent out an email this week about his decision:

It has not been an easy or simple decision. I have spent my entire adult life here, more than 24 years. This is the only place I have ever worked. The only professional thing I have ever known.

Zucker has said that the timing was right, but the departure won't be happening for at least another six months.

Now, it is clear to me that this is the right decision for me and for the company. Comcast will be a great new steward, just as GE has been, and they deserve the chance to implement their own vision.

It only makes sense for a CEO of a company to resign when another company steps in to make the purchase. Comcast's Chairman and CEO Brian L. Roberts gave Zucker his best wishes in a statement.

Jeff Zucker has devoted his entire professional life to NBC, and he has led the company with integrity and purpose. The success of NBC Universal puts us in a wonderful position as we plan for our joint venture with GE. We wish Jeff well in his future endeavors.

Zucker has a long, 24 year history with NBC, ending it with his CEO reign starting in 2007. What will Jeff Zucker do next? He was very vague in his response.

I don't yet know what my future will bring. I've spent the last 24 years thinking only about NBC Universal, and never contemplated anything else. I haven't even begun to think about the next chapter.

GE has not commented on the matter yet, and we think we know why. The New York Times is reporting that Zucker's departure may not necessarily be his call. Oh, it's gettin' juicy now.

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