from the University of Chicago. 2023 The Hollywood Reporter, LLC. 2 min read Comcast Corporation Comcast Corporation announced Wednesday that Chief Financial Officer (CFO) Mike Cavanagh has been promoted to the added role of. Michael Cavanagh serves as President and Chief Financial Officer of Comcast Corporation. Brian Roberts, Comcast's chairman and CEO, had previously held the title of president. The Studios segment focuses on NBCUniversal's film and television studio production and distribution operations. Mike will be only the third President in the company's 59-year history. All Rights Reserved. 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. I look forward to working together to shape the bright future of Comcast.. Comcast Launches 'Free This Week', Increasing Access To Streaming And Premium Network Fare For Xfinity X1 And . Michael J. Cavanagh has not been actively trading shares of Comcast during the last quarter. (Podcast). C-SPAN, an acronym for Cable-Satellite Public Affairs Network, is an American cable television network that offers coverage of federal government proceedings and other public affairs programming via its three television channels (C-SPAN, C-SPAN2 and C-SPAN3), one radio station and a group of. Cavanagh joined Philadelphia-headquartered Comcast seven years ago as chief financial officer (CFO). 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. 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 . Before that he was co-CEO of JPMorgan Chases Corporate & Investment Bank from 2012 to 2014. He also serves on the board of HealthVerity and is a member of the Council on Foreign Relations. Why? Find out more about how we use your information in our privacy policy and cookie policy. https://oneofitslegs.org. He is the first executive outside the Roberts family to hold the title. 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. Mike joined the company seven years ago . The company was founded in 1963 and is headquartered in Philadelphia, PA. The oldest executive at Comcast Corp is Maritza Montiel, 68, who is the Independent Director. 2023 Variety Media, LLC. Prior to this, he served as the Co-President and Co-Chief Operating Officer of Carlyle Group Management L.l.c., until May 8, 2015. With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the businesses and teams across the company. Comcast said on Wednesday that it has promoted chief financial officer Mike Cavanagh to the added role of president. Variety and the Flying V logos are trademarks of Variety Media, LLC. The estimated Net Worth of Michael J Cavanagh is at least $34.5 Million dollars as of 17 March 2022. 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. Comcast can also be reached via phone at (215) 286-1700. Cavanagh, 56, has served as CFO since 2015 and will continue in that role in addition to his promotion to president. In 2019 we welcomed three new members to our board, including a new representative of the Free Library of Philadelphia Foundation Board of Directors. Michael J. Cavanagh works as Chief Financial Officer at Comcast Corporation. Cavanagh will remain as Comcast's CFO, a position he has held since joining the company seven years ago. 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.. The Hollywood Reporter is a part of Penske Media Corporation. Mike Cavanaugh. In addition, he makes $26,799,500 as Chief Financial Officer and Senior Executive Vice President at Comcast Corp. Michael has made over 20 trades of the Comcast Corp stock since 2014, according to the Form 4 filled with the SEC. The company will report its full . There are 1 executives at Comcast Corp getting paid more, with BrianRoberts having the highest compensation of $36,370,200. Mike Cavanagh (I) on IMDb: Movies, Tv, Celebrities, and more. Its an honor to work with Brian to lead this great company, Cavanagh added. Comcast Corporation has promoted Mike Cavanagh to president, making him the third person to occupy the role in the companys 59-year history. Public Records. . 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. This chart shows Mr. Michael J. Cavanagh's buying and selling at Comcast by year and by quarter. 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,. Comcast reported revenue of $116.4 billion for fiscal year 2021. Michael J Cavanagh, Comcast: Profile and Biography - Bloomberg Markets Subscribe Live Now Bloomberg TV+ Bloomberg Markets China Open Bloomberg Markets: China Open is the definitive. It also provides communications services, including residential high-speed internet, phone, and wireless services. Mike joined Comcast in 2015 after spending more than 20 years in the financial services industry, primarily for JPMorganChase and the Carlyle Group. 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.. 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. Cavanagh was raised on Long Island in an Irish-Catholic family. 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. Philadelphia, PA Comcast Corporation today announced that Mike Cavanagh has been named President. He was the 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 working in nearly 100 countries. Comcast named Michael J. Cavanagh as its chief financial officer Monday. What's on TV & Streaming Top 250 TV Shows Most Popular TV Shows Browse TV Shows by Genre TV News India TV Spotlight. The prices in other telecom and entertainment companies, among them Verizon, Walt Disney and Netflix, have also declined. Burke was also friends with Jamie Dimon, JPMorgans chief executive and chairman. With this promotion, Mike will work closely with . New Comcast CFO says company must avoid complacency. Comcast Corporation today announced that Mike Cavanagh has been named President. Information on this page was last updated on 2/21/2023. 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 Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has been named President. Michael J. Cavanagh serves as President Financial Officer of Comcast Corporation, a Fortune 30 global media and technology company with three primary businesses: Comcast Cable, NBCUniversal, and Sky. Mike came to Comcast after more than 20 years in the financial services industry. He was previously co-CEO of JPMorgan Chases corporate & investment bank from 2012 to 2014, focusing on investment banking, cash management, investor services and the largest global markets and trading business in the world. He also served as JPMorgan Chases CFO for six years, helping steer the company to successfully navigate the financial crisis., In addition, at JPMorgan Chase and its predecessor firms, he 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, Comcast said. In this role, Mike co-headed all investment banking, cash management, investor services and the largest global markets and trading business in the world. He'll. The Cable Communications segment consists of Comcast Cable, which is a provider of broadband, video, voice, wireless, and other services to residential customers in the United States under the Xfinity brand. 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. As of 17 March 2022 he still owns at least 98,709 units of Comcast Corp stock. 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. He will remain Chief Financial Officer. 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 . Todays promotion will come as no surprise Mike is admired and trusted by those who know and work with him, Roberts said. He rowed at Yale. Comcast said it signed a new employment agreement with recently named president Michael Cavanagh that runs through December 31, 2027. The most recent insider tranaction occured on February, 21st when Major Shareholder Corp Comcast sold 37,176 shares worth more than $75,467.28. The oldest executive at Comcast Corp is MaritzaMontiel, 68, who is the Independent Director. Michael J. Cavanagh serves as Chief Financial Officer, Senior Executive Vice President of the Company. 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Mr. Cavanagh served as the Co-President and Co-Chief Operating Officer at The Carlyle Group LP since joining in April 2014. Variety is a part of Penske Media Corporation. A member of the Republican Party, Youngkin defeated former Democratic governor Terry McAuliffe in the 2021 Virginia gubernatorial election. Comcast Corporation Promotes Mike Cavanagh to President. All Rights Reserved. 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. They peaked in August 2021 at about $60 a share. He will remain Chief Financial Officer. 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 is also a member of the firm's Operating Committee and Executive Committee. . Last updated: 18 March 2022 at 5:05pm EST. 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. This information is according to proxy statements filed for the 2021 fiscal year. Mike has a broad range of responsibilities, partnering with Chairman and CEO Brian Roberts to manage all aspects of the business and corporate team. Member Since. He serves on the Board of Trustees of Yale and is Chairman of its Investment Committee. The Brian Roberts-led Comcast disclosed Dec. 30 that it entered into a new employment agreement with Cavanagh through the end of 2027. Burke sat on the JPMorgan board and knew Cavanagh through board presentations. Learn More on Michael J. Cavanagh's trading history. Mike earned a B.A. Mr. Cavanagh has a broad range of responsibilities, partnering with the Chairman and CEO to manage all aspects of the business and corporate team. Mike joined Comcast in 2015 as the companys Chief Financial Officer after spending more than 20 years in the financial services industry. He will remain chief financial officer. Mike has a broad range of responsibilities, including overseeing all financial functions, corporate development, strategic planning, and corporate administration. 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. Comcast Corporation (NASDAQ: CMCSA) on Oct. 12 announced that its present chief financial officer, Mike Cavanagh, has been named president of the company. Emily Cavanagh, Lisa Washington, and Gene LeFevre each bring their own expertise and passion for our mission. (RTTNews) - Comcast Corp. (CMCSA) announced the appointment of Mike Cavanagh as President. 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. In the last twelve months, insiders at the cable giant sold shares 8 times. Awesome wife and daughter. He joined the company from global alternative asset manager The Carlyle Group, where he was briefly co-president and co-chief operating officer. We hope you'll join us in welcoming them to the board and The Rosenbach community. 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 serves on the Board of Trustees of Yale University and as chair of its investment committee. You can change your choices at any time by visiting your privacy controls. 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. In this role, Mike co-headed all investment banking, cash management, investor services, and the largest global markets and trading business in the world. Enter your email address below to get our daily insider buying and selling report. Mr. Cavanagh joined Comcast as the companys Chief Financial Officer in 2015 after spending more than twenty years in the financial services industry. Currently, Michael Cavanagh works as a Chief Financial Officer at Comcast. Learn More on Michael J. Cavanagh's contact information. BREAKING: Tiny biotech successfully treats blindness. He also serves on the board of software company HealthVerity and is a member of the Council on Foreign Relations. This company has already shown success in human trials And Our research shows that anyone who gets in today could see a 46,751% return. I look forward to working together to shape the bright future of Comcast.. He will continue to serve as chief financial. from Yale University and a J.D. 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.Handpicked by Billy Joel to star in Movin' Out, Cavanaugh evokes a style rivaling the Piano Man.He appeared in the show for three years with over 1,200 performances and received multiple accolades. 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. He serves on the Board of Trustees of Yale and is Chairman of its Investment Committee, which has more than $40 billion under management. Track your investments 24 hours a day, around the clock from around the world. He serves on the board of trustees of Yale and is chairman of its investment committee, which has more than $40 billion under management. Release Calendar Top 250 Movies Most Popular Movies Browse Movies by Genre Top Box Office Showtimes & Tickets Movie News India Movie Spotlight. Mike joined Comcast in 2015 after spending more than 20 years in the financial services industry. 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. Mike also serves on the board of HealthVerity and is a member of the Council on Foreign Relations. June 2016. edit data. Mike has a broad range of responsibilities, partnering with Chairman and CEO Brian Roberts to manage all aspects of the business and corporate team. Mike came to Comcast after more than 20 years in the financial services industry. He is from United States. More from Deadline. PHILADELPHIA--(BUSINESS WIRE)--Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has been named President. We have exceptional businesses with world-class executives in Dana, Dave, and Jeff and Im proud to call them my partners. Mike came to Comcast after more than 20 years in the financial services industry. 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Cavanaugh, who has spent nearly his entire coaching career mentoring offensive linemen, spent the last three seasons as the . 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. 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. 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. He will continue to act as Comcasts chief financial officer. 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. Mike came to Comcast after more than 20 years in the financial services industry. Mr. Cavanagh earned a B.A. 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. Now more than ever, players rightly see themselves as multi-faceted entrepreneurs, and seek ways to leverage their brands in everything from real estate to venture capital. from Yale University and a J.D. Gift this article. He will continue to serve as chief. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. Comcast Corporation has approximately 189,000 employees worldwide and $116 billion in annual revenue. 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