Comcast cable CEO steps down from post
The head of Comcast Corp.’s cable division, Neil Smit, will relinquish the post on April 1 and be replaced by longtime cable division executive Dave Watson.
In explaining the move, Smit, a 60-year-old former Navy Seal, cited health issues related to a “previous career” and the desire to spend more time with his family. His compensation was $51 million over the past two years, according to Comcast’s filings with the Securities and Exchange Commission.
The cable division includes pay-TV, high-speed internet, phone, and the fast-growing business services operations.
Smit’s replacement will be tasked with improving customer satisfaction and maintaining momentum in Comcast’s pay-TV business, which in 2016 added subscribers for the first time in about a decade.