Steve Burke is expected to step down as CEO of NBCUniversal next year and is likely to hand the reins to Jeff Shell, who is now chairman of NBCUniversal Film and Entertainment.
Lazarus had been viewed as another potential successor for Burke. However, as speculation about Burke's future has increased internally over the past few weeks, insiders say they're confident that Shell is the heir apparent.
The January restructuring set the stage for a CEO transition at NBCU as it streamlined the senior management of key divisions and minimized the number of direct reports into Burke. In addition to the portfolio bumps for Shell and Lazarus, Bonnie Hammer shifted from running NBCU's entertainment cable networks to become chairman of direct-to-consumer and digital enterprises, where she steered the launch plans for Peacock, NBCUniversal's streaming service set to debut in April.
Burke has presided over an impressive revival of the NBC broadcast network and expansion of operations in all areas of the business, from film and TV to theme parks and international operations, most notably with Comcast's pursuit of Sky as it battled Disney last year in the effort to acquire 21st Century Fox.
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