NBCUniversal distribution chief Matt Bond has announced his retirement, citing the pending revamp of NBCU's Media Group led by Matt Strauss.

Matt Bond, head of content distribution for NBCUniversal, is stepping down from his post after more than 20 years at NBCU and Comcast.

Matt Bond, chairman of content distribution at NBCUniversal, has announced his exit from the Hollywood studio ahead of a spinoff of Comcast's cable channels. "In the spirit of leaving on a high note,

SpinCo is being headed up by Mark Lazarus, former chair of NBCU TV and streaming. Senior exec changes have seen Val Boreland taking the reins for entertainment. MSNBC chief Rashida Jones has stepped down, while Peacock president Kelly Campbell has also exited.

NBCUniversal content distribution chairman Matt Bond is set to retire after over 20 years with the media giant and its parent company Comcast.