Comcast president Cavanagh shakes up NBCUniversal leadership – memo

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Cavanagh, who has been running NBCUniversal since April, said he would continue to lead the division as president of Comcast and not name a new CEO.

“This new structure will facilitate a streamlined decision-making process and foster even more collaboration across our company,” he said.

In his first major action since taking the helm of the unit, Cavanagh also named Mark Lazarus as chairman of NBCUniversal Media Group while Cesar Conde will expand his role as head of the news division to oversee NBCUniversal Local and Telemundo Enterprises Group.

Pearlena Igbokwe will continue to lead the four TV studios under the Universal Studio Group umbrella.

Cavanagh took charge after Jeff Shell (LON:RDSa) left following the acknowledgment of an inappropriate relationship with a woman in the company.

Before his role as president, Cavanagh had served as the finance chief.