Meyer was head of Universal Studios since 1995 and then promoted to NBCUniversal’s Vice Chairman in 2013.
NBCUniversal vice-chairman Ron Meyer has announced that he is stepping down from his post after 25 years.
It comes as Meyer disclosed that he was under an extortion threat because of a private settlement he reached with a woman after they had an extramarital affair.
Commenting on his departure, Meyer said: “I made this disclosure because other parties learned of the settlement and have continuously attempted to extort me into paying them money or else they intended to falsely implicate NBCUniversal, which had nothing to do with this matter and to publish false allegations about me.”
NBCUniversal Chief Executive Jeff Shell informed employees of Meyer’s departure on Tuesday in an email.
In a statement, NBCUniversal CEO Jeff Shell said: “Late last week Ron Meyer informed NBCUniversal that he had acted in a manner which we believe is not consistent with our company policies or values. Based on Ron’s disclosure of these actions, we have mutually concluded that Ron should leave the company, effective immediately.”
“We thank Ron for his 25 years of service, and for his significant contributions to NBCUniversal,” Shell added.