Mike joined Comcast in 2015 after spending more than 20 years in the financial services industry, primarily for JPMorganChase and the Carlyle Group. Comcast Corporation Promotes Mike Cavanagh to President. He was Co-CEO of JPMorgan Chase's Corporate & Investment Bank from 2012 to 2014, a global leader in its. Comcast Corporation Promotes Mike Cavanagh to President Business Wire PHILADELPHIA -- October 12, 2022 Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has . (Podcast). Last updated: 18 March 2022 at 5:05pm EST. New Comcast CFO says company must avoid complacency. Track your investments 24 hours a day, around the clock from around the world. 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. 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. Enter your email address below to get our daily insider buying and selling report. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. 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 To zoom out, use the keyboard shortcut [Ctrl] + [-] in Windows and [Cmd] + [-] on a Mac. More from Deadline. 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. TV Shows. Prior to entering politics, he spent 25 years at the private-equity firm the Carlyle Group . Mike will be only the third President in the company's 59-year history. News Wire Feed Light Reading 10/12/2022. Mike earned a B.A. Gift this article. NBCUniversal is global and operates news, entertainment and sports cable networks, the NBC and Telemundo broadcast networks, television production operations, television station groups, Universal Pictures, and Universal Parks and Resorts. The company will report its full . The Brian Roberts-led Comcast. from Yale University and a J.D. Public Records. Oct. 12, 2022, 08:24 AM. Two other adult children, left home eventually, complete the extended menagerie. 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 Handpicked by Billy Joel to star in Movin' Out, Cavanaugh evokes a style rivaling the Piano Man. 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. He will continue to act as Comcasts chief financial officer. Mr. Cavanagh earned a salary of $200,000.00, a bonus of $20,000.00, options awards of $113,489.00, and other compensation of $36,000.00. 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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. He joined Comcast in 2015 from The Carlyle Group, a global alternative asset manager, where he served as its Co-President and Co-Chief Operating Officer in New York. It also provides wireless and security and automation services to residential customers under the Xfinity brand. Before that he was co-CEO of JPMorgan Chases Corporate & Investment Bank from 2012 to 2014. Comcast Corporation has approximately 189,000 employees worldwide and $116 billion in annual revenue. Comcast Comcast Corporation has promoted Mike Cavanagh to president, making him the third person to occupy the role in the company's 59-year history. We hope you'll join us in welcoming them to the board and The Rosenbach community. Comcast named Michael J. Cavanagh as its chief financial officer Monday. Said Jamie Dimon, chairman and CEO of JPMorgan Chase: Mike Cavanagh is an outstanding executive and leader what I call an elite business athlete who led complex global businesses at JPMorgan Chase and served as our chief financial officer through the worst parts of the global financial crisis. Michael J. Cavanagh serves as Chief Financial Officer of Comcast Corporation, a Fortune 30 global media and technology company with three primary businesses: Comcast Cable, NBCUniversal, and Sky. Insiders at Comcast own 1.1% of the company. Mike Cavanagh - @MikeCavanagh9. . Dimon said in a statement Wednesday that Cavanagh led complex global businesses at JPMorgan Chase and served as our chief financial officer through the worst parts of the global financial crisis.. Comcast Corporation has approximately 189,000 employees worldwide and $116 billion in annual revenue. Michael Cavanagh serves as Chief Financial Officer of Comcast Corporation. Sky is one of Europe's leading media and entertainment companies, connecting customers to a broad range of video content through its pay television services. All Rights Reserved. Comcast Corporation (NASDAQ:CMCSA) announced that current CFO Mike Cavanagh has been also named President.Mike will be the third President in the company's . Mike has a broad range of responsibilities, partnering with Chairman and CEO Brian Roberts to manage all aspects of the business and corporate team. The chief financial officer of the Philadelphia-headquartered conglomerate was given additional duties in October. The largest trade he's ever made was selling 152,557 units of Comcast Corp stock on 3 February 2015 worth over $4,083,951. "With his leadership, the company has expanded its reach significantly in the U.S. and. As of 17 March 2022 he still owns at least 98,709 units of Comcast Corp stock. Comcast said on Wednesday that it has promoted chief financial officer Mike Cavanagh to the added role of president. from the University of Chicago. 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. Cavanagh joined Philadelphia-headquartered Comcast seven years ago as chief financial officer (CFO). Mr. Cavanagh earned a B.A. He serves on the Board of Trustees of Yale and is Chairman of its Investment Committee, which has more than $40 billion under management. Cavanagh earned a B.A. Learn More on Michael J. Cavanagh's trading history. Cavanagh will be only the third president in the company's 59-year history. The most active insiders traders include Brian L Roberts, Stephen B Burke, and David L Cohen. Mike has a broad range of responsibilities, including overseeing all financial functions, corporate development, strategic planning, and corporate administration. Information on this page was last updated on 2/21/2023. The Media segment consists of NBCUniversal's television and streaming platforms, including national, regional, and international cable networks. $1 Million - $5 Million. Learn More about insider trades at Comcast. In this role, Mike co-headed all investment banking, cash management, investor services, and the largest global markets and trading business in the world. On average, Comcast Corp executives and independent directors trade stock every 9 days with the average trade being worth of $3,606,828. 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. Last month, Comcasts board sought to bolster the companys stock by purchasing up to $20 billion in shares as investors sold them. And no matter what his role, Mike has always acted with integrity and high character, combined with intelligence, passion and hard work. The global economy also faces a potential recession. Learn More From Comcast Careers Comcast Careers Blog How We Hire Our Culture FAQ Since then Michael has changed 3 companies and 2 roles. Learn More on Michael J. Cavanagh's contact information. October 12, 2022. Cavanagh will remain as Comcast's CFO, a position he has held since joining the company seven years ago. Mike Cavanagh - @cjetnut. Comcast Corporation has promoted Mike Cavanagh to president, making him the third person to occupy the role in the companys 59-year history. Learn More on Comcast's active insiders. 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. Mike Cavanagh is now in his sixties and has no idea how that happened. 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. 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. He is a member of the Council on Foreign Relations and serves on the board of HealthVerity. Michael Cavanaugh is the new voice of the American Rock & Roll Songbook and a charismatic performer and musician made famous for his piano/lead vocals in the Broadway musical Movin' Out. He was Co-CEO of JPMorgan Chases Corporate & Investment Bank from 2012 to 2014, a global leader in its industry with over $30 billion in revenue at the time and more than 60,000 employees located in nearly 100 countries. A member of the Republican Party, Youngkin defeated former Democratic governor Terry McAuliffe in the 2021 Virginia gubernatorial election. With his leadership, the company has expanded its reach significantly in the US and globally. Comcast can also be reached via phone at (215) 286-1700. Discovery fell 60 percent since the combined firm started trading, Netflix dropped 50 percent, Disney fell 44 percent the media and cable conglomerate fell 31 percent over the course of 2022. Michael J. Cavanagh works as Chief Financial Officer at Comcast Corporation. Previously he served as JPMorgan Chases CFO for six years, where he helped the company successfully navigate the financial crisis. Mike joined Comcast seven years ago as Chief Financial Officer. Member Since. 2023 Variety Media, LLC. Net Worth in 2022. According to ZoomInfo records, Michael Cavanagh's professional experience began in 2021. from the University of Chicago. Mike Cavanagh is co-CEO of J.P. Morgan's Corporate & Investment Bank, an industry leader in investment banking, trading markets and investor services such as cash management, clearing and prime brokerage. According to a filing with the Securities & Exchange Commission, the deal calls for Cavanagh to receive an annual base salary of $2.5 million, effective March 1, 2023. There are 1 executives at Comcast Corp getting paid more, with BrianRoberts having the highest compensation of $36,370,200. Mike also serves on the board of HealthVerity and is a member of the Council on Foreign Relations. You can see the complete history of Mr. Cavanagh stock trades at the bottom of the page. Sky operates the Sky News broadcast network and sports and entertainment networks, produces original content, and has exclusive content rights. Awesome wife and daughter. He also served as JPMorgan Chases CFO for six years helping steer the company to successfully navigate the financial crisis. Cavanaghs connection to Comcast can be traced through Steve Burke, a longtime Comcast executive and former head of NBCUniversal. Michael's mailing address filed with the SEC is ONE COMCAST CENTER, , PHILADELPHIA, PA, 19103. Comcast Corporation Oct. 12 announced that Mike Cavanagh has been named president of the media giant, to work closely with chairman/CEO Brian Roberts to manage the businesses and teams across the company. Cavanagh, 56, has served as CFO since 2015 and will continue in that role in addition to his promotion to president. By clicking Accept all you agree that Yahoo and our partners will process your personal information, and use technologies such as cookies, to display personalised ads and content, for ad and content measurement, audience insights, and product development. Mike has a broad range of responsibilities, including overseeing all financial functions, corporate development, strategic planning, and corporate administration. He joined the company from global alternative asset manager The Carlyle Group, where he was briefly co-president and co-chief operating officer. Mike has brought incredible operational and financial expertise to Comcast and is an integral part of our special company. Mr. Cavanagh has a broad range of responsibilities, partnering with the Chairman and CEO to manage all aspects of the business and corporate team. Comcast Corporation (NASDAQ: CMCSA) on Oct. 12 announced that its present chief financial officer, Mike Cavanagh, has been named president of the company. Mike joined Comcast in 2015 after spending more than 20 years in the financial services industry. With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the businesses and teams across the company. 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. The Brian Roberts-led Comcast disclosed Dec. 30 that it entered into a new employment agreement with Cavanagh through the end of 2027. Mr. Cavanagh has a broad range of responsibilities, partnering with the Chairman and CEO to manage all aspects of the business and corporate team. He will remain Chief Financial Officer. Due to a planned power outage on Friday, 1/14, between 8am-1pm PST, some services may be impacted. In the last twelve months, insiders at the cable giant sold shares 8 times. Mike has a broad range of responsibilities, including managing the businesses and teams across the company, overseeing all financial functions, corporate development, strategic planning, and corporate administration. The Hollywood Reporter is a part of Penske Media Corporation. Find out more about how we use your information in our privacy policy and cookie policy. All Rights Reserved. We, Yahoo, are part of the Yahoo family of brands. 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. Click Manage settings for more information and to manage your choices. Comcast has upped its Deputy Chief Financial Officer Jason Armstrong to the CFO post, succeeding Mike Cavanagh, who was named president of the NBCUniversal parent last October.. 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