Steve Burke (businessman)

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Steve Burke
Born
Stephen B. Burke

(1958-08-14) August 14, 1958 (age 61)
ResidencePhiladelphia, Pennsylvania, U.S.
Alma materColgate University
Harvard University (MBA)
Occupation
Board member ofBerkshire Hathaway Inc.
J.P. Morgan Chase & Co.
Children's Hospital of Philadelphia

Stephen B. Burke (born August 14, 1958) is an American businessman. He serves as the executive vice president of Comcast and chief executive officer of NBCUniversal.[1][2]

Early life[edit]

Steve Burke's father, Daniel B. Burke, was a former president of Capital Cities Communications, which acquired the ABC network.[3] Steve Burke graduated from Colgate University in 1980.[4] In 1982, Burke graduated from the Harvard Business School with an MBA.[4]

Career[edit]

Burke began his career as an associate product manager in the breakfast food division at General Foods.[5] In January 1986, Burke joined The Walt Disney Company.[3] From 1992 to 1996, Burke served as President and COO of Euro Disney.[4] In 1996, Burke was named executive vice president of ABC after the Walt Disney Company purchased the network.[6] The following year, Burke was named President of ABC Broadcasting.[7]

In 1998, Burke left Disney and became President of Comcast Cable.[8] In 2004, he was named Chief Operating Officer of Comcast Cable, in addition to his title of President.[9] In 2010, it was announced that Burke would become CEO of NBCUniversal after Comcast and General Electric completed a merger.[10] When Comcast and General Electric finished merging the assets of NBCUniversal with Comcast's programming assets the following year, Burke resigned his position as COO of Comcast before becoming CEO of NBCUniversal.[11]

In 2018, Burke led Comcast's acquisition of English pay-TV company, Sky, after dropping out of the bidding war with Disney to purchase 21st Century Fox.[12] In January 2019, Burke announced plans for NBCUniversal to launch a streaming service, later named Peacock, in 2020 using Sky's existing OTT video platform.[13]

As of 2009, Burke has served on the Board of Directors of Warren Buffett's Berkshire Hathaway and JPMorgan Chase.[14] He has also served on the Board of Trustees of the Children's Hospital of Philadelphia.[15]

Burke's current contract as a CEO of NBCUniversal expires in August 2020. [16] In December 2019, it was reported that Burke planned to step down from his position at NBCUniversal by the time his contract expires following the 2020 Summer Olympics.[17]

Personal life[edit]

Steve Burke married his wife, Gretchen (née Hoadley) on July 23, 1983 and together they have five children.[5][18] Burke has homes in New York City and Los Angeles.[19]

References[edit]

  1. ^ U.S. Public Records Index Vol 2 (Provo, UT: Ancestry.com Operations, Inc.), 2010.
  2. ^ Burke replaces Zucker
  3. ^ a b Arango, Tim; Carter, Bill (January 26, 2011). "A Little Less Drama at NBC". The New York Times. Retrieved May 22, 2011.
  4. ^ a b c "Ex-Disney Exec Burke Knows His New Prey". Los Angeles Times. 2004-02-12. ISSN 0458-3035. Retrieved 2019-04-22.
  5. ^ a b "Miss Hoadley Is Wed To Stephen B. Burke". The New York Times. 1983-07-24. ISSN 0362-4331. Retrieved 2019-05-01.
  6. ^ "Burke Named President of ABC's Broadcasting Unit". Los Angeles Times. 1997-04-23. ISSN 0458-3035. Retrieved 2019-04-22.
  7. ^ Fabrikant, Geraldine (2003-03-17). "TECHNOLOGY; Comcast's Second-Generation No. 2". The New York Times. ISSN 0362-4331. Retrieved 2019-04-22.
  8. ^ Rose, Lacey. "The Man Who Will Run NBC". Forbes. Retrieved 2019-04-22.
  9. ^ "Comcast Unit President Adds Title of COO". Los Angeles Times. 2004-07-07. ISSN 0458-3035. Retrieved 2019-04-22.
  10. ^ Roberts, Johnnie L. (2010-09-26). "Steve Burke Replacing Zucker Atop NBCU". TheWrap. Retrieved 2019-05-01.
  11. ^ "NBC Universal chief Burke resigns as Comcast COO". Reuters. 2011-01-31. Retrieved 2019-04-22.
  12. ^ Lang, Brent; Lang, Brent (2018-03-01). "Steve Burke on Comcast's Surprise Sky Bid, Fox-Disney Deal". Variety. Retrieved 2019-05-01.
  13. ^ Littleton, Cynthia; Littleton, Cynthia (2019-01-14). "Steve Burke on NBCU's Streaming Plans, Fate of Hulu Stake and Winnowing His Direct Reports (EXCLUSIVE)". Variety. Retrieved 2019-05-01.
  14. ^ Dealbook (23 December 2009). "Buffett Broadens Berkshire Board With Burke". DealBook. Retrieved 2019-05-01.
  15. ^ Dreier, Peter; Politics, ContributorE P. Clapp Distinguished Professor of; College, Occidental (2014-01-26). "Meet the People Who Gave JPMorgan's Jamie Dimon an $8.5 Million Raise". HuffPost. Retrieved 2019-05-01.
  16. ^ Littleton, Matt Donnelly,Cynthia; Donnelly, Matt; Littleton, Cynthia (2019-12-13). "NBCUniversal CEO Steve Burke to Depart in 2020, Jeff Shell Expected to Succeed Him (EXCLUSIVE)". Variety. Retrieved 2019-12-13.
  17. ^ Flint, Joe. "NBCUniversal CEO Steve Burke Expected to Depart Next Year". WSJ. Retrieved 2019-12-14.
  18. ^ Kafka, Peter (2016-09-15). "NBCUniversal boss Steve Burke can't get his millennial kids to pay for TV". Vox. Retrieved 2019-05-01.
  19. ^ David, Mark; David, Mark (2015-06-09). "NBCU's Steve Burke Buys Big In Pacific Palisades". Variety. Retrieved 2019-05-01.
Business positions
Preceded by
Jeff Zucker
CEO of NBC
2011-present
Incumbent