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. An Inquirer reporter since 1993, I report stories with an emphasis on enterprise, corporations, college debt, and features with a money angle. . I look forward to working together to shape the bright future of Comcast.. Comcast shares closed at $28.69 Wednesday, up 0.03%. Mike joined Comcast in 2015 after spending more than 20 years in the financial services industry, primarily for JPMorganChase and the Carlyle Group. The estimated Net Worth of Michael J Cavanagh is at least $34.5 Million dollars as of 17 March 2022. News Wire Feed Light Reading 10/12/2022. Cavanagh joined Philadelphia-headquartered Comcast seven years ago as chief financial officer (CFO). Comcast CFO Mike Cavanagh will take on the additional role of president. Sky operates the Sky News broadcast network and sports and entertainment networks, produces original content, and has exclusive content rights. It most recently tallied revenue of $29.85 billion in the third quarter of 2022, ending Sept. 30. 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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. More from Deadline. 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.. Armstrong has served in several financial leadership positions over the past nine year. 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. 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 has promoted Mike Cavanagh to president, making him the third person to occupy the role in the company's 59-year history. The Hollywood Reporter is a part of Penske Media Corporation. He also serves on the board of software company HealthVerity and is a member of the Council on Foreign Relations. 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. 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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. Mike earned a B.A. There are 18 older and 3 younger executives at Comcast Corp. 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. 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 . For the past seven years Mike has been an incredible leader, partner and friend, Roberts said on the companys quarterly earnings call in late October of Cavanaghs new title. Markets never sleep, and neither does Bloomberg. But a rogue trader in London in 2012 cost JPMorgan about $6 billion and brought regulators down on it. I look forward to working together to shape the bright future of Comcast., Cavanagh joined Philadelphia-headquartered Comcast seven years ago as chief financial officer (CFO). Mike joined Comcast seven years ago as Chief Financial Officer. As Chief Financial Officer at COMCAST CORP, Michael J. Cavanagh made $27,356,996 in total compensation. The oldest executive at Comcast Corp is Maritza Montiel, 68, who is the Independent Director. 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. (RTTNews) - Comcast Corp. (CMCSA) announced the appointment of Mike Cavanagh as President. Oct. 12, 2022, 08:24 AM. Comcast has approximately 186,000 employees worldwide and $121 billion in annual revenue. Todays promotion will come as no surprise Mike is admired and trusted by those who know and work with him, Roberts said. He will remain Chief Financial Officer. Mike will be only the third president in the companys 59-year history. 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He will remain Chief Financial Officer. With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the . This chart shows Mr. Michael J. Cavanagh's buying and selling at Comcast by year and by quarter. Comcast Corporation has approximately 189,000 employees worldwide and $116 billion in annual revenue. Comcast can also be reached via phone at (215) 286-1700. Handpicked by Billy Joel to star in Movin' Out, Cavanaugh evokes a style rivaling the Piano Man. 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. 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. Mike Cavanagh is now in his sixties and has no idea how that happened. 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. The global economy also faces a potential recession. JPMorgan came through the financial crisis of 2008-09 mostly unscathed. The Media segment consists of NBCUniversal's television and streaming platforms, including national, regional, and international cable networks. They sold a total of 7,602,130 shares worth more than $22,410,930.47. Mike has a broad range of responsibilities, including overseeing all financial functions, corporate development, strategic planning, and corporate administration. (Podcast). 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. 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. Mike also serves on the board of HealthVerity and is a member of the Council on Foreign Relations. 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. Mike joined the company seven years ago . Mike has brought incredible operational and financial expertise to Comcast and is an integral part of our special company. He is also a member of the firm's Operating Committee and Executive Committee. Mike Cavanagh - @cjetnut. Michael Cavanagh serves as President and Chief Financial Officer of Comcast Corporation. Before that he was co-CEO of JPMorgan Chases Corporate & Investment Bank from 2012 to 2014. Mike joined Comcast in 2015 as the companys Chief Financial Officer after spending more than 20 years in the financial services industry. Cavanagh has been finance chief of the media and technology company for the last seven years. Mr. Cavanagh has served as the Chief Financial Officer of Comcast Corporation since July 2015. Mike has a broad range of responsibilities, partnering with Chairman and CEO Brian Roberts to manage all aspects of the business and corporate team. Awesome wife and daughter. Brian Roberts, Comcast's chairman and CEO, had previously held the title of president. In this role, Mike co-headed all investment banking, cash management, investor services and the largest global markets and trading business in the world. Learn More about insider trades at Comcast. Cavanagh, 56, has served as CFO since 2015 and will continue in that role in addition to his promotion to president. Mike came to Comcast after more than 20 years in the financial services industry. 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 Eat steak, play golf, be happy! What Could Elon Musk Possibly Be Thinking? Mr. Cavanagh served as the Co-President and Co-Chief Operating Officer at The Carlyle Group LP since joining in April 2014. 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. Cavanagh will remain as Comcast's CFO, a position he has held since joining the company seven years ago. Cavanagh serves on the Board of Trustees of Yale University and as chair of its investment committee. Comcast said on Wednesday that it has promoted chief financial officer Mike Cavanagh to the added role of president. 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. Overnight on Wall Street is daytime in Asia. 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 Corporation is a global media and technology company with three primary businesses: Comcast Cable, NBCUniversal, and Sky. 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. Cavanagh joined Philadelphia-headquartered Comcast seven years ago as chief financial officer (CFO). PHILADELPHIA -- (BUSINESS WIRE)--Oct. 12, 2022-- Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has been named President. 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. 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). Its an honor to work with Brian to lead this great company, Cavanagh added. 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. Michael Cavanagh is 54, he's been the Chief Financial Officer and Senior Executive Vice President of Comcast Corp since 2015. The corporate mailing address for Mr. Cavanagh and other Comcast executives is One Comcast Center, Philadelphia PA, 19103. It operates through the following segments: Cable Communications, Media, Studios, Theme Parks, and Sky. The chief financial officer of the Philadelphia-headquartered conglomerate was given additional duties in October. 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. To zoom in, use [Ctrl] + [+] in Windows, and [Cmd] + [+] on a Mac. Cavanaugh, who has spent nearly his entire coaching career mentoring offensive linemen, spent the last three seasons as the . Find out more about how we use your information in our privacy policy and cookie policy. He'll only be the third executive to hold that title in the company's 59-year history, Comcast noted, and will also remain chief . You can see the complete history of Mr. Cavanagh stock trades at the bottom of the page. Mike Cavanagh - @MikeCavanagh9. He was the Co-CEO of JPMorgan Chase's . Mike joined Comcast in 2015 after spending more than 20 years in the financial services industry. 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. He is the first executive outside the Roberts family to hold the title. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. $1 Million - $5 Million. Comcast reported revenue of $116.4 billion for fiscal year 2021. While Comcast stock price hasnt fallen as much as some of its Hollywood peers this year Warner Bros. Mike Cavanagh | Comcast. 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. With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the businesses and teams across the company. In this role, Mike co-headed all investment banking, cash management, investor services, and the largest global markets and trading business in the world. From 2012 to 2014 he was co-chief executive officer of JPMorgan Chase & Co.s Corporate & Investment Bank, a global leader in its industry with over $30 billion in revenue and more than sixty thousand employees working in nearly 100 countries. The Brian Roberts-led Comcast disclosed Dec. 30 that it entered into a new employment agreement with Cavanagh through the end of 2027. The company was founded in 1963 and is headquartered in Philadelphia, PA. 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. Mr. Cavanagh is also a director of Yum! October 12, 2022. PHILADELPHIA--(BUSINESS WIRE)--Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has been named President. from the University of Chicago. He was Co-CEO of JPMorgan Chase's Corporate & Investment Bank from 2012 to 2014, a global leader in its. 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. Bloomberg Daybreak Asia. October 12, 2022. in News. 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. 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. 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,. To zoom out, use the keyboard shortcut [Ctrl] + [-] in Windows and [Cmd] + [-] on a Mac. Genre. Salary in 2022. 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Jordan Meets Reporter at 'Creed III' Premiere Who 'Teased Him all the Time' in High School: 'I Was the Corny Kid, Right? Michael J. Cavanagh works as Chief Financial Officer at Comcast Corporation. What's on TV & Streaming Top 250 TV Shows Most Popular TV Shows Browse TV Shows by Genre TV News India TV Spotlight. Why? With his leadership, the company has expanded its reach significantly in the US and globally. . He will remain chief financial officer. from Yale University and a J.D. Michael J. Cavanagh has not been actively trading shares of Comcast during the last quarter. 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. 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. Comcast Corporation has approximately 189,000 employees worldwide and $116 billion in annual revenue. As of 17 March 2022 he still owns at least 98,709 units of Comcast Corp stock. He also served as JPMorgan Chases CFO for six years helping steer the company to successfully navigate the financial crisis. And no matter what his role, Mike has always acted with integrity and high character, combined with intelligence, passion and hard work. Michael Cavanagh is 54, he's been the Chief Financial Officer and Senior Executive Vice President of Comcast Corp since 2015. 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. New Comcast CFO says company must avoid complacency. Learn More on Michael J. Cavanagh's contact information. 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 will be only the third President in the company's 59-year history. It also provides wireless and security and automation services to residential customers under the Xfinity brand. He lives with his wife, Julie, adult son Dan, and two black cats in Bateman's Bay, NSW. 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. June 2016. edit data. Learn More on Comcast's active insiders. Brands, Inc. As the Chief Financial Officer and Senior Executive Vice President of Comcast Corp, the total compensation of Michael Cavanagh at Comcast Corp is $26,799,500. 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. Comcast Launches 'Free This Week', Increasing Access To Streaming And Premium Network Fare For Xfinity X1 And . "With his leadership, the company has expanded its reach significantly in the U.S. and. 2023 Variety Media, LLC. Information on this page was last updated on 2/21/2023. On average, Michael trades about 15,269 units every 52 days since 2012. Mike has a broad range of responsibilities, including overseeing all financial functions, corporate development, strategic planning, and corporate administration. 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. 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. "Athlete | Empire" presents the in-depth, intimate stories of these businesses, as told by the players themselves. Burke sat on the JPMorgan board and knew Cavanagh through board presentations. Comcast Corporation (NASDAQ: CMCSA) on Oct. 12 announced that its present chief financial officer, Mike Cavanagh, has been named president of the company. He will continue to serve as chief. Michael Cavanagh serves as Chief Financial Officer of Comcast Corporation. 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. Menu. 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. Most recently he exercised 53,400 units of CMCSA stock worth $1,956,042 on 17 March 2022. Learn More on Michael J. Cavanagh's trading history. In recent years, Comcast also has struggled to transition to streaming entertainment from broadcast television and cable-TV formats. "With his leadership, the company has expanded its reach significantly in the U.S. and. The Brian Roberts-led Comcast. 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. 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. All Rights Reserved. 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. Cavanaghs connection to Comcast can be traced through Steve Burke, a longtime Comcast executive and former head of NBCUniversal. He is a member of the Council on Foreign Relations and serves on the board of HealthVerity. Movies. We, Yahoo, are part of the Yahoo family of brands. Comcast Corporation announced Wednesday that Chief Financial Officer (CFO) Mike Cavanagh has been promoted to the added role of President, making him the the third in the company's 59-year history. We have exceptional businesses with world-class executives in Dana, Dave, and Jeff and Im proud to call them my partners. Cindy Ord/Getty Images Entertainment. At Yale, he served as a non-trustee member of the Yale Corporation Committee on Investments before being appointed chairman of the committee. This information is according to proxy statements filed for the 2021 fiscal year. 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. On Michael J. Cavanagh works as Chief financial Officer of Comcast Co., Mr. Cavanagh earned a compensation... As some of its Investment Committee according to proxy statements filed for the 2021 fiscal year 2021 co-CEO JPMorgan. Addition to his promotion to president company has expanded its reach significantly in the companys 59-year history the. And serves on the board of software company HealthVerity and is an integral part Penske... This great company, Cavanagh added in 2015 as the Co-President and Co-Chief Operating Officer at Corporation., Studios, Theme Parks, and international Cable networks executives is One Center! 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