With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the businesses and teams across the company. Cavanagh will be only the third president in the company's 59-year history. 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. The Hollywood Reporter is a part of Penske Media Corporation. Mike also serves on the board of HealthVerity and is a member of the Council on Foreign Relations. I look forward to working together to shape the bright future of Comcast.. Mike Cavanagh, Senior Executive Vice President & Chief Financial Officer, and APA Executive Champion, shares his thoughts on why it's important to be open when receiving feedback. Variety and the Flying V logos are trademarks of Variety Media, LLC. "Athlete | Empire" presents the in-depth, intimate stories of these businesses, as told by the players themselves. Mike Cavanagh has been Comcast's chief financial officer since 2015. Markets never sleep, and neither does Bloomberg. Member Since. Prior to entering politics, he spent 25 years at the private-equity firm the Carlyle Group . Comcast Corporation has approximately 189,000 employees worldwide and $116 billion in annual revenue. 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. We, Yahoo, are part of the Yahoo family of brands. Comcast's insider roster includes Kenneth Bacon (Director), Kenneth Bacon (Director), Stephen Burke (EVP), Michael Cavanagh (Sr. EVP & CFO ), David Cohen (EVP), Maritza Montiel (Director), Daniel Murdock (CAO), Brian Roberts (CEO), Jeff Shell (CEO), Neil Smit (EVP), and David Watson (CEO). The most active insiders traders include Brian L Roberts, Stephen B Burke, and David L Cohen. . 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. He joined the company from global alternative asset manager The Carlyle Group, where he was briefly co-president and co-chief operating officer. Comcast, the biggest publicly traded company based in Philadelphia with about 8,000 employees downtown, faces new competition in its bread-and-butter broadband business with wireless competitors offering 5G wireless internet to homes. 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. Sky operates the Sky News broadcast network and sports and entertainment networks, produces original content, and has exclusive content rights. 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 Comcast in 2015 after spending more than 20 years in the financial services Michael J. Cavanagh, President and Chief Financial Officer, Comcast Corporation corporate.comcast.com Head Coach Herm Edwards has tabbed another addition to his Sun Devil Football coaching staff on January 28, 2021, announcing 35-year coaching veteran Mike Cavanaugh as the program's offensive line coach. Since then Michael has changed 3 companies and 2 roles. Get notified the next time Michael J. Cavanagh buys or sells Comcast stock. This information is according to proxy statements filed for the 2021 fiscal year. Cavanagh, 56, has served as CFO since 2015 and will continue in that role in addition to his promotion to president. Before that he was co-CEO of JPMorgan Chases Corporate & Investment Bank from 2012 to 2014. 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. Learn More on Michael J. Cavanagh's contact information. Michael Cavanagh is 54, he's been the Chief Financial Officer and Senior Executive Vice President of Comcast Corp since 2015. The global economy also faces a potential recession. We have exceptional businesses with world-class executives in (Sky CEO) Dana (Strong), (Comcast Cable CEO) Dave (Watson) and (NBCUniversal CEO) Jeff (Shell), and Im proud to call them my partners. Cavanagh earned a B.A. Two other adult children, left home eventually, complete the extended menagerie. Menu. 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. Most recently he exercised 53,400 units of CMCSA stock worth $1,956,042 on 17 March 2022. He serves on the Board of Trustees of Yale and is Chairman of its Investment Committee. It most recently tallied revenue of $29.85 billion in the third quarter of 2022, ending Sept. 30. The company will report its full . Comcast said on Wednesday that it has promoted chief financial officer Mike Cavanagh to the added role of president. 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 oldest executive at Comcast Corp is MaritzaMontiel, 68, who is the Independent Director. Mike earned a B.A. Eat steak, play golf, be happy! 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 . It looks like you're trying to zoom in on this page. 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. He is a friend, and I congratulate him on his new role at Comcast., Sign up for THR news straight to your inbox every day. What's on TV & Streaming Top 250 TV Shows Most Popular TV Shows Browse TV Shows by Genre TV News India TV Spotlight. Comcast Corp. has promoted Mike Cavanagh to be the company's third president in its 59-year history. TV Shows. Mike joined Comcast in 2015 as the companys Chief Financial Officer after spending more than 20 years in the financial services industry. In a banking career, Cavanagh rose to the top echelons of JPMorgan as co-CEO of JPMorgans corporate and investment bank. 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. The Brian Roberts-led Comcast. Learn More on Comcast's active insiders. 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. Cavanagh will remain on as CFO, and with this promotion, he will also work closely with Comcast's Chairman and CEO Brian Roberts to manage the . As the Sr. EVP & CFO of Comcast Co., Mr. Cavanagh earned a total compensation package of $369,489.00 in 2021. It also provides communications services, including residential high-speed internet, phone, and wireless services. Comcast reported revenue of $116.4 billion for fiscal year 2021. Its an honor to work with Brian to lead this great company, Cavanagh added. 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. Why? October 12, 2022. 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. . Comcast Corp. promoted Mike Cavanagh, a former Wall Street banker, to president of the Philadelphia telecom and entertainment company, the company said Wednesday. Cavanaghs promotion takes place at a tenuous time for Comcast with its stock price declining considerably over the last year as it looks for new areas of growth and lags in entertainment streaming. An Inquirer reporter since 1993, I report stories with an emphasis on enterprise, corporations, college debt, and features with a money angle. Mike has a broad range of responsibilities, partnering with Chairman and CEO Brian Roberts to manage all aspects of the business and corporate team. He will continue to serve as chief financial. 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. 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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. 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.. from the University of Chicago. 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. from the University of Chicago. Previously, Cavanagh was CEO of the firm's Treasury & Securities Services division, October 12, 2022. in News. But a rogue trader in London in 2012 cost JPMorgan about $6 billion and brought regulators down on it. 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. With this promotion, Mike will work closely with . In 2019 we welcomed three new members to our board, including a new representative of the Free Library of Philadelphia Foundation Board of Directors. Mike Cavanagh is only the third president in the companys 59-year history. With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the businesses and teams across the company. And we are both very focused on continuing to innovate and grow this wonderful company for all our employees, customers and guests., Sign up for THR news straight to your inbox every day. In promoting the exec, Comcast described his new role as working closely with CEO Roberts to manage the businesses and teams across the company. Cavanagh additionally sits on the board of directors at software firm HealthVerity and is on the membership roster of the Council on Foreign Relations. Comcast Corporation today announced that Mike Cavanagh has been named President. With his leadership, the company has expanded its reach significantly in the US and globally. Mike also serves on the board of HealthVerity and is a member of the Council on Foreign Relations. from the University of Chicago. Mike joined Comcast in 2015 after spending more than 20 years in the financial services industry. He serves on the Board of Trustees of Yale and is Chairman of its Investment Committee, which has more than $40 billion under management. Due to a planned power outage on Friday, 1/14, between 8am-1pm PST, some services may be impacted. Athletes' ambitions don't end when they leave the field of play. ', The True Story Behind 'Cocaine Bear': A 175-Pound Beast, a Dead Drug Smuggler in Gucci Loafers and More, Super Mario Bros. 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There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. On average, Michael trades about 15,269 units every 52 days since 2012. He was the Co-CEO of JPMorgan Chase & Co.'s Corporate & Investment Bank from 2012 to 2014, a business that was a global leader in its industry with over $30 billion in revenue and more than 50,000 employees located in over 50 countries. Cavanagh, also the companys chief financial officer, has not been appointed to the board. He is also a member of the firm's Operating Committee and Executive Committee. Trustee 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. Net Worth in 2022. All Rights Reserved. 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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. 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. Mr. Cavanagh is also a director of Yum! Mr. Cavanagh was appointed a successor trustee in 2020. 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. 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 On Friday, Comcast released its executive compensation figures, showing the company's chief, Brian Roberts, received $36.2 million, and the new chief financial officer, Michael J. Cavanagh,. Public Records. We have estimated Michael Cavanaugh's net worth , money, salary, income, and assets. 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. Cindy Ord/Getty Images Entertainment. You can change your choices at any time by visiting your privacy controls. Comcast Corporation (NASDAQ: CMCSA) on Oct. 12 announced that its present chief financial officer, Mike Cavanagh, has been named president of the company. Michael J. 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