Comcast Corporation today announced that Mike Cavanagh has been named President. ', The True Story Behind 'Cocaine Bear': A 175-Pound Beast, a Dead Drug Smuggler in Gucci Loafers and More, Super Mario Bros. Movie Is Releasing Two Days Early, Jonathan Majors Pitches a Rom-Com With Issa Rae: 'I Want to Run Through Central Park Trying to Beat Her to the Airport', Chris Pine Admits It Did Look Like Harry Styles Spit on Me, but He Did Not: The Vitriol Against Dont Worry Darling Was Ridiculous, HBO's Leading Man: Casey Bloys on Perfecting 'The Last of Us,' HBO Max Streaming Merger and Axing Shows, A24 Sweeps Film Categories at the 2023 SAG Awards as 'Everything Everywhere All at Once' Breaks Record for Most Wins, Jean Smart 'Doing Well, Recovering' Following Heart Procedure, Says Hacks Co-Star Hannah Einbinder, Ke Huy Quan Becomes First Asian Male Film Winner at SAG Awards for 'Everything Everywhere All at Once'. With this promotion, Mike will work closely with . Cavanagh who joined Comcast in 2015 after a stint at asset manager The Carlyle Group and previously co-heading investment banking at JPMorgan Chase and serving as CFO of the bank was upped to president in October. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. Member Since. Comcast said it signed a new employment agreement with recently named president Michael Cavanagh that runs through December 31, 2027. Cavanagh, 56, has served as CFO since 2015 and will continue in that role in addition to his . Michael's mailing address filed with the SEC is ONE COMCAST CENTER, , PHILADELPHIA, PA, 19103. 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. Salary in 2022. 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., Cavanagh joined Philadelphia-headquartered Comcast seven years ago as chief financial officer (CFO). 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. 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. In a banking career, Cavanagh rose to the top echelons of JPMorgan as co-CEO of JPMorgans corporate and investment bank. 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. 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 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. 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. 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. Currently, Michael Cavanagh works as a Chief Financial Officer at Comcast. Comcast can also be reached via phone at (215) 286-1700. Learn More From Comcast Careers Comcast Careers Blog How We Hire Our Culture FAQ Insiders at Comcast own 1.1% of the company. from Yale University and a J.D. Chart Data in Insider Trading History Table. They peaked in August 2021 at about $60 a share. Overnight on Wall Street is daytime in Asia. Cavanagh serves on the Board of Trustees of Yale University and as chair of its investment committee. Philadelphia, PA Comcast Corporation today announced that Mike Cavanagh has been named President. Comcast Corporation (NASDAQ: CMCSA) on Oct. 12 announced that its present chief financial officer, Mike Cavanagh, has been named president of the company. $1 Million - $5 Million. Burke sat on the JPMorgan board and knew Cavanagh through board presentations. 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. PHILADELPHIA -- (BUSINESS WIRE)--Oct. 12, 2022-- Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has been named President. Todays promotion will come as no surprise Mike is admired and trusted by those who know and work with him, said Roberts. 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. We have exceptional businesses with world-class executives in Dana, Dave, and Jeff and Im proud to call them my partners. As of 17 March 2022 he still owns at least 98,709 units of Comcast Corp stock. He is the first executive outside the Roberts family to hold the title. There are 1 executives at Comcast Corp getting paid more, with BrianRoberts having the highest compensation of $36,370,200. 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. Previously he served as JPMorgan Chases CFO for six years, where he helped the company successfully navigate the financial crisis. 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. 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. To zoom in, use [Ctrl] + [+] in Windows, and [Cmd] + [+] on a Mac. He will continue to serve as chief. Due to a planned power outage on Friday, 1/14, between 8am-1pm PST, some services may be impacted. 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, also the companys chief financial officer, has not been appointed to the board. Mike Cavanagh | Comcast. Cavanagh will be only the third president 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. Comcast shares closed at $28.69 Wednesday, up 0.03%. Mike Cavanagh is now in his sixties and has no idea how that happened. 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. As the Sr. EVP & CFO of Comcast Co., Mr. Cavanagh earned a total compensation package of $369,489.00 in 2021. Mike Cavanagh - @MikeCavanagh9. New Comcast CFO says company must avoid complacency. Movies. Mike Cavanagh has been Comcast's chief financial officer since 2015. 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. Of this total $2,300,000 was received as a salary, $8,625,001 was received as a bonus, $6,315,164 was received in stock options, $10,072,244 was awarded as stock and $44,587 came from other types of compensation. I look forward to working together to shape the bright future of Comcast.. 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. READ MORE: New Comcast CFO says company must avoid complacency [from 2015]. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. Mike has a broad range of responsibilities, partnering with Chairman and CEO Brian Roberts to manage all aspects of the business and corporate team. 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. 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. Mr. Cavanagh earned a B.A. Mike Cavanagh - @cjetnut. Click Manage settings for more information and to manage your choices. Mike has a broad range of responsibilities, including overseeing all financial functions, corporate development, strategic planning, and corporate administration. 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 has brought incredible operational and financial expertise to Comcast and is an integral part of our special company. Mike also serves on the board of HealthVerity and is a member of the Council on Foreign Relations. This chart shows Mr. Michael J. Cavanagh's buying and selling at Comcast by year and by quarter. Mike came to Comcast after more than 20 years in the financial services industry. Prior to that, he served as JPMorgan Chases CFO for six years, where he helped the company successfully navigate the financial crisis. Burke was also friends with Jamie Dimon, JPMorgans chief executive and chairman. Subscribe for full access to The Hollywood Reporter. News Wire Feed Light Reading 10/12/2022. The corporate mailing address for Mr. Cavanagh and other Comcast executives is One Comcast Center, Philadelphia PA, 19103. Mike joined Comcast in 2015 after spending more than 20 years in the financial services industry. (Podcast). Mike joined Comcast in 2015 as the companys Chief Financial Officer after spending more than 20 years in the financial services industry. Cavanaghs connection to Comcast can be traced through Steve Burke, a longtime Comcast executive and former head of NBCUniversal. 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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. 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. He was Co-CEO of JPMorgan Chase's Corporate & Investment Bank from 2012 to 2014, a global leader in its. BREAKING: Tiny biotech successfully treats blindness. 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. 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. The oldest executive at Comcast Corp is Maritza Montiel, 68, who is the Independent Director. Mr. Cavanagh served as the Co-President and Co-Chief Operating Officer at The Carlyle Group LP since joining in April 2014. In this role, Mike co-headed all investment banking, cash management, investor services and the largest global markets and trading business in the world. 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. Live market coverage co-anchored from Hong Kong and New York. Previously, Cavanagh was CEO of the firm's Treasury & Securities Services division, Comcast said on Wednesday that it has promoted chief financial officer Mike Cavanagh to the added role of president. 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Last month, Comcasts board sought to bolster the companys stock by purchasing up to $20 billion in shares as investors sold them. 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. An Inquirer reporter since 1993, I report stories with an emphasis on enterprise, corporations, college debt, and features with a money angle. 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. Before that he was co-CEO of JPMorgan Chases Corporate & Investment Bank from 2012 to 2014. 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. 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. 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. The Brian Roberts-led Comcast disclosed Dec. 30 that it entered into a new employment agreement with Cavanagh through the end of 2027. It looks like you're trying to zoom in on this page. It also provides communications services, including residential high-speed internet, phone, and wireless services. The most recent insider tranaction occured on February, 21st when Major Shareholder Corp Comcast sold 37,176 shares worth more than $75,467.28. from the University of Chicago. He serves on the Board of Trustees of Yale and is Chairman of its Investment Committee, which has more than $40 billion under management. 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. from Yale and a J.D. 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. There are 18 older and 3 younger executives at Comcast Corp. Cavanagh has been finance chief of the media and technology company for the last seven years. Variety is a part of Penske Media Corporation. 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. Get notified the next time Michael J. Cavanagh buys or sells Comcast stock. Mr. Cavanagh is also a director of Yum! 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. Learn More about insider trades at Comcast. The Brian Roberts-led Comcast. Cavanagh joined Philadelphia-headquartered Comcast seven years ago as chief financial officer (CFO). All Rights Reserved. He is from United States. "With his leadership, the company has expanded its reach significantly in the U.S. and. (RTTNews) - Comcast Corp. (CMCSA) announced the appointment of Mike Cavanagh as President. . Mike has a broad range of responsibilities, including overseeing all financial functions, corporate development, strategic planning, and corporate administration. To zoom out, use the keyboard shortcut [Ctrl] + [-] in Windows and [Cmd] + [-] on a Mac. Learn More on Michael J. Cavanagh's contact information. Mr. Cavanagh joined Comcast as the companys Chief Financial Officer in 2015 after spending more than twenty years in the financial services industry. Mike came to Comcast after more than 20 years in the financial services industry. 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. 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. The Sky segment provides operations of Sky, one of Europe's entertainment companies, which primarily includes a direct-to-consumer business, providing video, broadband, voice and wireless phone services, and a content business, operating entertainment networks, the Sky News broadcast network, and Sky Sports networks. With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the businesses and teams across the company. In 2019 we welcomed three new members to our board, including a new representative of the Free Library of Philadelphia Foundation Board of Directors. He will remain Chief Financial Officer. The estimated Net Worth of Michael J Cavanagh is at least $34.5 Million dollars as of 17 March 2022. 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. 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. 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. He also serves on the board of software company HealthVerity and is a member of the Council on Foreign Relations. There are 18 older and 3 younger executives at Comcast Corp. He will remain chief financial officer. 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.. Mr. Cavanagh owns over 53,400 units of Comcast Corp stock worth over $3,615,711 and over the last 10 years he sold CMCSA stock worth over $4,083,951. Mr. Cavanagh has a broad range of responsibilities, partnering with the Chairman and CEO to manage all aspects of the business and corporate team. With his leadership, the company has expanded its reach significantly in the U.S. and globally, Comcast said. Menu. Learn More on Michael J. Cavanagh's trading history. Cavanagh, 56, has served as CFO since 2015 and will continue in that role in addition to his promotion to president. 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. 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