NBCUniversal Vice Chairman Ron Meyer has parted ways with the company, effective immediately.

NBC CEO Jeff Shell emailed the staff saying that Meyer"informed NBCUniversal that he had acted in a manner which we believe is not consistent with our company policies or values.” Shell went onto say that they have mutually concluded that Meyer should leave the company, effective immediately

Meyer issued this statement about his exit:

It is with a heavy heart that I announce my departure from NBCUniversal.

I recently disclosed to my family and the company that I made a settlement, under threat, with a woman outside the company who had made false accusations against me. Admittedly, this is a woman I had a very brief and consensual affair with many years ago. 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. After I disclosed this matter to the company, we mutually decided that I should step down from my role as Vice Chairman of NBCUniversal.

I’ve spent 25 years helping to grow and support an incredible company in a job I love. It is the people at this company that I will miss the most. I regret what has happened and I am sorry for all the people in my life I may have let down, especially and most importantly, my family.

Ron