NBCUniversal CEO Steve Burke will retire on Aug. 14

NBCUniversal CEO Steve Burke will retire on August 14, 2020, Comcast announced on Monday.

Jeff Shell, head of NBCUniversal's film and entertainment division, will become CEO of NBCUniversal beginning Jan. 1, 2020.Stephen 'Steve' Burke, president and chief executive officer of NBCUniversal.NBCUniversal CEO Steve Burke will retire on August 14, 2020 following the Summer Olympics in Tokyo,Jeff Shell will become CEO of NBCUniversal beginning Jan. 1, 2020, when Burke will move to role of Chairman of NBCUniversal.

"I cannot thank Steve enough for the incredible impact he has had on this entire company," Roberts said in a statement. "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."

Roberts said Shell, who currently oversees NBCUniversal's Film and Entertainment division, is the "ideal executive" to "lead NBCUniversal NBCUniversal into the future." Burke said in a statement: "While this has been a dream job, it has always been my plan to hand off the baton at the right moment and move on to the next chapter of my life where I can pursue a different set of interests. It is great to know I am leaving the company in terrific hands with Jeff, who is the right leader to usher in the next phase of growth and success for NBCUniversal."Burke, 61, has been CEO of NBCUniversal since Comcast closed its acquisition of the company in 2011.

Hope he’s Republican!

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