from Yale University and a J.D. 2023 The Hollywood Reporter, LLC. Immediately prior to joining Comcast, he briefly served as Co-President and Co-Chief Operating Officer of The Carlyle Group, a leading global alternative asset manager. Comcast Corporation Promotes Mike Cavanagh to President Business Wire PHILADELPHIA -- October 12, 2022 Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has . With this promotion, Mike will work closely with Chairman and. Genre. Cindy Ord/Getty Images Entertainment. Why? . 2023 Variety Media, LLC. Mike joined Comcast in 2015 after spending more than 20 years in the financial services industry. What Could Elon Musk Possibly Be Thinking? Mike joined Comcast seven years ago as Chief Financial Officer. Markets never sleep, and neither does Bloomberg. Prior to joining our company, Mr. Cavanagh had been Co-President and Co-Chief Operating Officer for The Carlyle Group, a global investment firm, since 2014. Previously, Cavanagh was CEO of the firm's Treasury & Securities Services division, There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. Mike Cavanagh is only the third president in the companys 59-year history. Comcast said it signed a new employment agreement with recently named president Michael Cavanagh that runs through December 31, 2027. Prior to that, Mr. Cavanagh was the Co-Chief Executive Officer of the Corporate & Investment Bank of JPMorgan Chase & Co. from 2012 until 2014; the Chief Executive Officer of JPMorgan Chase & Co.s Treasury & Securities Services business from 2010 to 2012; and the Chief Financial Officer of JPMorgan Chase & Co. from 2004 to 2010. Hes an outstanding partner and together we are focused on continuing to create new and exciting opportunities for growth., Cavanagh cited the companys exceptional businesses with world-class executives, naming Sky CEO Dana Strong, Comcast Cable chief Dave Watson and NBCU chief executive Jeff Shell. Salary in 2022. Cavanaghs connection to Comcast can be traced through Steve Burke, a longtime Comcast executive and former head of NBCUniversal. Insiders at Comcast own 1.1% of the company. Mr. Cavanagh is also a director of Yum! He will continue to act as Comcasts chief financial officer. JPMorgan came through the financial crisis of 2008-09 mostly unscathed. We, Yahoo, are part of the Yahoo family of brands. $1 Million - $5 Million. He will remain Chief Financial Officer. Over the last 20 years, insiders at Comcast Corp have traded over $326,465,581 worth of Comcast Corp stock and bought 128,900 units worth $3,014,835 Comcast Corporation has approximately 189,000 employees worldwide and $116 billion in annual revenue. Cavanagh said in a statement that he looks forward to working together to shape the bright future of Comcast. He was compensated $27.4 million last year. But a rogue trader in London in 2012 cost JPMorgan about $6 billion and brought regulators down on it. Mike Cavanagh is now in his sixties and has no idea how that happened. Learn More on Comcast's active insiders. All Rights Reserved. Mike Cavanagh - @cjetnut. Cavanagh joined Philadelphia-headquartered Comcast seven years ago as chief financial officer (CFO). Beginning early this summer, Cavanagh, 50, will replace the company's current CFO, Michael Angelakis, who will head up Comcast's new company focused on investing in and operating growth-oriented companies. 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Ready for Tolkien Battle, How the Landscape of Native-Led Stories Has Changed Between Avatars: Were Flexing Our Sovereignty, The Definitive Voice of Entertainment News. from the University of Chicago. New Comcast CFO says company must avoid complacency [from 2015], wireless competitors offering 5G wireless internet to homes, California residents do not sell my data request. Comcast has approximately 186,000 employees worldwide and $121 billion in annual revenue. Burke was also friends with Jamie Dimon, JPMorgans chief executive and chairman. Overnight on Wall Street is daytime in Asia. Public Records. Michael Cavanagh is 54, he's been the Chief Financial Officer and Senior Executive Vice President of Comcast Corp since 2015. Glenn Allen Youngkin (born December 9, 1966) is an American businessman and politician, currently serving as the 74th governor of Virginia since January 15, 2022. More from Deadline. He will remain chief financial officer. NBCUniversal parent Comcast has promoted CFO Mike Cavanagh to president, working closely with chairman-CEO Brian Roberts to manage the business and teams across the sprawling company. Cavanagh joined Philadelphia-headquartered Comcast seven years ago as chief financial officer (CFO). With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the . Two other adult children, left home eventually, complete the extended menagerie. With this promotion, Mike will work closely with chairman and CEO Brian L. Roberts to manage the businesses and teams across the company, it said. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. Ralph Roberts, one of a troika that founded the cable-TV company in the 1960s (and who died in 2015), and his son, Brian, 62, who is chief executive officer and chairman, were the only prior presidents in the companys history, Comcast said. Last month, Comcasts board sought to bolster the companys stock by purchasing up to $20 billion in shares as investors sold them. Comcast CFO Mike Cavanagh will take on the additional role of president. Comcast chief financial officer Mike Cavanagh said the conglom was "pleased" with the weekend PVOD debut of Pete Davidson-starrer The King Of Staten Island - its latest film to go direc Michael J. Cavanagh serves as President of Comcast Corporation, a Fortune 30 global media and technology company with three primary businesses: Comcast Cable, NBCUniversal, and Sky. NBCUniversal parent Comcast has promoted CFO Mike Cavanagh to president, working closely with chairman-CEO Brian Roberts to manage the Mike Cavanagh | Black Dyke Band . Mike came to Comcast after more than 20 years in the financial services industry. It looks like you're trying to zoom in on this page. Prior to that, he served as JPMorgan Chases CFO for six years, where he helped the company successfully navigate the financial crisis. He lives with his wife, Julie, adult son Dan, and two black cats in Bateman's Bay, NSW. Michael's mailing address filed with the SEC is ONE COMCAST CENTER, , PHILADELPHIA, PA, 19103. In addition, at JPMorgan Chase and its predecessor firms, Mr. Cavanagh held various key positions that were critical to the companys success, including CEO of the firms Treasury & Securities Services division, Head of Strategy and Planning, and Chief Operating Officer of Middle Market Banking. Cavanagh will remain as Comcast's CFO, a position he has held since joining the company seven years ago. 2023 The Hollywood Reporter, LLC. Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has been named President. Michael Cavanagh Work Experience and Education. Michael J. Cavanagh serves as President of Comcast Corporation, a Fortune 30 global media and technology company with three primary businesses: Comcast Cable, NBCUniversal, and Sky. 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He will continue to serve as chief financial. For best results: use the most recent version of your browser, disable your browser's 'zoom text only' setting, and use your browser's default font size settings. The most recent stock trade was executed by Jason Armstrong on 14 February 2023, trading 9,726 units of CMCSA stock currently worth $361,515. Mike Cavanagh | Comcast. Subscribe for full access to The Hollywood Reporter. from Yale and a J.D. With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the businesses and teams across the company. You can change your choices at any time by visiting your privacy controls. Live from New York and Hong Kong, bringing you the essential stories from the close of the U.S. markets to the open of trading across Asia. He will continue to serve as chief financial officer in addition to working closely with chairman-CEO Brian Roberts on managing the companys cable and broadband operations as well as NBCUniversal. from the University of Chicago. Hes an outstanding partner, and together we are focused on continuing to create new and exciting opportunities for growth., Said Cavanagh: Its an honor to work with Brian to lead this great company. Prior to Roberts becoming president in 1990, the title had been held by his father, Comcast founder Ralph Roberts, who was also chairman and CEO. He also served as JPMorgan Chases CFO for six years and held a number of positions within the company and its predecessor firms including CEO of the firms Treasury & Securities Services division. Mike joined the company seven years ago . The most recent insider tranaction occured on February, 21st when Major Shareholder Corp Comcast sold 37,176 shares worth more than $75,467.28. Comcast Corporation is a global media and technology company with three primary businesses: Comcast Cable, NBCUniversal, and Sky. READ MORE: New Comcast CFO says company must avoid complacency [from 2015]. The chief financial officer of the Philadelphia-headquartered conglomerate was given additional duties in October. All Rights Reserved. He was Co-CEO of JPMorgan Chase's Corporate & Investment Bank from 2012 to 2014, a global leader in its. Comcast Corp executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. October 12, 2022. With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the businesses and teams across the company. He serves on the Board of Trustees of Yale and is Chairman of its Investment Committee. Mike Cavanagh, one of the nation's top banking executives at JPMorgan Chase and now Comcast Corp.'s new chief financial officer, says the Philadelphia company's biggest "enemy" is complacency, hoping that consumer trends won't change and that Comcast remains the big cable company. Click Manage settings for more information and to manage your choices. Mike joined Comcast in 2015 after spending more than 20 years in the financial services industry. Comcast Corporation today announced that Mike Cavanagh has been named President. The company will report its full . Mr. Cavanagh was appointed a successor trustee in 2020. Mike will be only the third President in the companys 59-year history. What's on TV & Streaming Top 250 TV Shows Most Popular TV Shows Browse TV Shows by Genre TV News India TV Spotlight. There are 1 executives at Comcast Corp getting paid more, with BrianRoberts having the highest compensation of $36,370,200. The Theme Parks segment operates Universal theme parks in Orlando, Florida, Hollywood, California, Osaka, Japan, and Beijing, China. Learn More on Michael J. Cavanagh's salary. PHILADELPHIA--(BUSINESS WIRE)--Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has been named President. "With his leadership, the company has expanded its reach significantly in the U.S. and. Comcast Corporation has promoted Mike Cavanagh to president, making him the third person to occupy the role in the companys 59-year history. October 12, 2022. in News. Learn More on Michael J. Cavanagh's trading history. Burke and Dimon attended Harvard Business School together, graduating in 1982. He also serves on the board of software company HealthVerity and is a member of the Council on Foreign Relations. Comcast can also be reached via phone at (215) 286-1700. In this role, Mike co-headed all investment banking, cash management, investor services and the largest global markets and trading business in the world. Comcast Cable is one of the United States' largest high-speed internet, video, and phone providers to residential customers under the Xfinity brand, and also provides these services to businesses. Athletes' ambitions don't end when they leave the field of play. PHILADELPHIA -- (BUSINESS WIRE)--Oct. 12, 2022-- Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has been named President. Michael J. Cavanagh works as Chief Financial Officer at Comcast Corporation. Its an honor to work with Brian to lead this great company, Cavanagh added. The agreement stipulates a base salary of $2.5 million beginning next March, as well as a performance-based award, per the Securities and Exchange Commission filing. Mike has a broad range of responsibilities, partnering with Chairman and CEO Brian Roberts to manage all aspects of the business and corporate team. Learn More on Michael J. Cavanagh's contact information. Michael Cavanagh Age : 56 Public asset : 12,244,461 USD Country of residence : Unknown Linked companies : Comcast Corporation Biography of Michael Cavanagh Presently, Michael J. Cavanagh holds the position of Chief Financial Officer for Comcast Corp. Michael Cavanagh is 54, he's been the Chief Financial Officer and Senior Executive Vice President of Comcast Corp since 2015. Comcast announced on Monday that it had hired Michael J. Cavanagh as its chief financial officer, choosing a prominent Wall Street executive to help the company move forward after the. He will remain chief financial officer., Said Roberts: Todays promotion will come as no surprise Mike is admired and trusted by those who know and work with him. The company was founded in 1963 and is headquartered in Philadelphia, PA. Comcast reported revenue of $116.4 billion for fiscal year 2021. Last updated: 18 March 2022 at 5:05pm EST. With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the businesses and teams across the company. Comcast Launches 'Free This Week', Increasing Access To Streaming And Premium Network Fare For Xfinity X1 And . He also serves on the board of HealthVerity and is a member of the Council on Foreign Relations. Michael Cavanagh, the chief financial officer of Comcast who was recently given the added title of president, has inked a new multi-year deal with the company. In addition, at JPMorgan Chase and its predecessor firms, Mike held various key positions that were critical to the companys success, including CEO of the firms Treasury & Securities Services division, Head of Strategy and Planning, and Chief Operating Officer of Middle Market Banking. 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