Longtime syndication executive Barry Wallach has stepped down from his position as president of NBCUniversal Domestic Television Distribution, B&C reports. The company has yet to name a replacement.

In a statement, Ted Harbert, chairman of NBC Broadcasting, said: "Barry has led our syndication business with great distinction. He has been a valued partner and colleague and I will deeply miss his wise counsel. We thank him for all that he has done for NBCUniversal and wish him nothing but continued success in the future."

Wallach reportedly circulated a letter today to staffers and conducted a meeting with them, saying: "After an incredible run at NBCUniversal, I want to share some news. I have been thinking for some time about the possibility of change and want you all to know that I have decided to leave the company in the coming weeks.

"I am finally going to take a deep breath, stop traveling so much and spend some very important time with my family. I do intend on doing many things down the road but have no immediate plans.

"The timing is perfect. I leave our business in terrific shape, coming off our most successful syndication season to date in both ratings and profitability. The momentum is on our side, and we are well positioned to achieve even bigger and better things in 2013 and beyond. I wouldn’t feel comfortable making this decision otherwise."

B&C reports: “This year, NBCU successfully launched ‘The Steve Harvey Show,’ which is produced by Endemol USA. The show is confirmed to return for season two and NBCU is currently signing deals with stations through the 2015-16 TV season. NBCU also is renewing its new conflict talker, ‘Trisha Goddard,’ on stations throughout the country, and it plans to continue to expand its ‘Access Hollywood’ spinoff, ‘Access Hollywood Live,’ to additional markets.”

Wallach has held the position of president of NBCU Domestic Television Distribution since 2004.

Barry Wallach