At Yale, he served as a non-trustee member of the Yale Corporation Committee on Investments before being appointed chairman of the committee. 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. 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. 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. Todays promotion will come as no surprise Mike is admired and trusted by those who know and work with him, said Roberts. Burke and Dimon attended Harvard Business School together, graduating in 1982. Prior to entering politics, he spent 25 years at the private-equity firm the Carlyle Group . Previously he served as JPMorgan Chases CFO for six years, where he helped the company successfully navigate the financial crisis. He also serves on the board of HealthVerity and is a member of the Council on Foreign Relations. 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. 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. Net Worth in 2022. 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. (RTTNews) - Comcast Corp. (CMCSA) announced the appointment of Mike Cavanagh as President. 2 min read Comcast Corporation Comcast Corporation announced Wednesday that Chief Financial Officer (CFO) Mike Cavanagh has been promoted to the added role of. News Wire Feed Light Reading 10/12/2022. 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. Learn More about insider trades at Comcast. 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. Comcast Corporation is a global media and technology company with three primary businesses: Comcast Cable, NBCUniversal, and Sky. They sold a total of 7,602,130 shares worth more than $22,410,930.47. Comcast said chief financial officer Mike Cavanagh has been promoted to president, working with chairman and CEO Brian Roberts. Cavanagh came to the company seven years ago as the CFO following a stint as co-president and co-chief operating officer of private equity giant Carlyle Group. The global economy also faces a potential recession. Cindy Ord/Getty Images Entertainment. 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. With this promotion, Mike will work closely with . Mike Cavanagh (I) on IMDb: Movies, Tv, Celebrities, and more. Mike will be only the third President in the company's 59-year history. To zoom out, use the keyboard shortcut [Ctrl] + [-] in Windows and [Cmd] + [-] on a Mac. 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. Cavanaghs connection to Comcast can be traced through Steve Burke, a longtime Comcast executive and former head of NBCUniversal. 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. from the University of Chicago. Find out more about how we use your information in our privacy policy and cookie policy. 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. 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. 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. The Media segment consists of NBCUniversal's television and streaming platforms, including national, regional, and international cable networks. Comcast Corporation Promotes Mike Cavanagh to President Business Wire PHILADELPHIA -- October 12, 2022 Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has . Comcast Corporation has promoted Mike Cavanagh to president, making him the third person to occupy the role in the company's 59-year history. There are 18 older and 3 younger executives at Comcast Corp. Michael J. Cavanagh serves as Chief Financial Officer, Senior Executive Vice President of the Company. Most recently he exercised 53,400 units of CMCSA stock worth $1,956,042 on 17 March 2022. It also provides wireless and security and automation services to residential customers under the Xfinity brand. READ MORE: New Comcast CFO says company must avoid complacency [from 2015]. 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. Mike joined Comcast in 2015 after spending more than 20 years in the financial services industry. 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 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 prices in other telecom and entertainment companies, among them Verizon, Walt Disney and Netflix, have also declined. Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has been named President. 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. 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. Todays promotion will come as no surprise Mike is admired and trusted by those who know and work with him, Roberts said. Michael J. Cavanagh works as Chief Financial Officer at Comcast Corporation. Mr. Cavanagh served as the Co-President and Co-Chief Operating Officer at The Carlyle Group LP since joining in April 2014. 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. It looks like you're trying to zoom in on this page. Menu. 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. 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. Michael Cavanagh serves as Chief Financial Officer of Comcast Corporation. TV Shows. 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. The estimated Net Worth of Michael J Cavanagh is at least $34.5 Million dollars as of 17 March 2022. The Studios segment focuses on NBCUniversal's film and television studio production and distribution operations. Mike joined Comcast in 2015 as the companys Chief Financial Officer after spending more than 20 years in the financial services industry. $1 Million - $5 Million. Cavanagh, 56, has served as CFO since 2015 and will continue in that role in addition to his . Comcast reported revenue of $116.4 billion for fiscal year 2021. 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. The most recent insider tranaction occured on February, 21st when Major Shareholder Corp Comcast sold 37,176 shares worth more than $75,467.28. Oct. 12, 2022, 08:24 AM. Variety is a part of Penske Media Corporation. He lives with his wife, Julie, adult son Dan, and two black cats in Bateman's Bay, NSW. 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. He serves on the board of trustees of Yale and is chairman of its investment committee, which has more than $40 billion under management. Markets never sleep, and neither does Bloomberg. 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 Hollywood Reporter is a part of Penske Media Corporation. Mike joined Comcast in 2015 after spending more than 20 years in the financial services industry, primarily for JPMorganChase and the Carlyle Group. He is the first executive outside the Roberts family to hold the title. Mike has a broad range of responsibilities, including overseeing all financial functions, corporate development, strategic planning, and corporate administration. 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 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. 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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? Click Manage settings for more information and to manage your choices. Track your investments 24 hours a day, around the clock from around the world. Mike Cavanagh is only the third president in the companys 59-year history. Mike also serves on the board of HealthVerity and is a member of the Council on Foreign Relations. Movies. 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 . (Podcast). Cavanagh will be only the third president in the company's 59-year history. "With his leadership, the company has expanded its reach significantly in the U.S. and. Michael's mailing address filed with the SEC is ONE COMCAST CENTER, , PHILADELPHIA, PA, 19103. 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. . Show all results. 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. "Athlete | Empire" presents the in-depth, intimate stories of these businesses, as told by the players themselves. Burke was also friends with Jamie Dimon, JPMorgans chief executive and chairman. You can see the complete history of Mr. Cavanagh stock trades at the bottom of the page. Mike has a broad range of responsibilities, partnering with Chairman and CEO Brian Roberts to manage all aspects of the business and corporate team. Burke sat on the JPMorgan board and knew Cavanagh through board presentations. It most recently tallied revenue of $29.85 billion in the third quarter of 2022, ending Sept. 30. 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. With his leadership, the company has expanded its reach significantly in the U.S. and globally, Comcast said. Currently, Michael Cavanagh works as a Chief Financial Officer at Comcast. 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. He was Co-CEO of JPMorgan Chase's Corporate & Investment Bank from 2012 to 2014, a global leader in its. In this role, Mike co-headed all investment banking, cash management, investor services, and the largest global markets and trading business in the world. The Theme Parks segment operates Universal theme parks in Orlando, Florida, Hollywood, California, Osaka, Japan, and Beijing, China. Cavanaugh, who has spent nearly his entire coaching career mentoring offensive linemen, spent the last three seasons as the . All Rights Reserved. Mike earned a B.A. Brian Roberts, Comcast's chairman and CEO, had previously held the title of president. 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. Comcast Corporation (NASDAQ: CMCSA) on Oct. 12 announced that its present chief financial officer, Mike Cavanagh, has been named president of the company. 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). Comcast CFO Mike Cavanagh will take on the additional role of president. Mike Cavanagh - @cjetnut. 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. Mike Cavanagh is now in his sixties and has no idea how that happened. Learn More From Comcast Careers Comcast Careers Blog How We Hire Our Culture FAQ Enter your email address below to get our daily insider buying and selling report. . Philadelphia, PA Comcast Corporation today announced that Mike Cavanagh has been named President. Learn More on Michael J. Cavanagh's salary. 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. I look forward to working together to shape the bright future of Comcast.. With this promotion, Mike will work closely with Chairman and. 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.. https://oneofitslegs.org. Glenn Allen Youngkin (born December 9, 1966) is an American businessman and politician, currently serving as the 74th governor of Virginia since January 15, 2022. Mr. Cavanagh joined Comcast as the companys Chief Financial Officer in 2015 after spending more than twenty years in the financial services industry. He will continue to act as Comcasts chief financial officer. What Could Elon Musk Possibly Be Thinking? from Yale University and a J.D. I look forward to working together to shape the bright future of Comcast.. He will remain Chief Financial Officer. . 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. 2023 The Hollywood Reporter, LLC. Cavanagh said in a statement that he looks forward to working together to shape the bright future of Comcast. He was compensated $27.4 million last year. "With his leadership, the company has expanded its reach significantly in the U.S. and. 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. Learn More on Michael J. Cavanagh's salary. 2023 The Hollywood Reporter, LLC. 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. Comcast Corporation Promotes Mike Cavanagh to President. 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 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 . Learn More on Michael J. Cavanagh's contact information. 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 Corp. has promoted Mike Cavanagh to be the company's third president in its 59-year history. Public Records. Mike Cavanaugh. Eat steak, play golf, be happy! Cavanagh has been finance chief of the media and technology company for the last seven years. 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. Mike joined Comcast seven years ago as Chief Financial Officer. Cavanagh, also the companys chief financial officer, has not been appointed to the board. But a rogue trader in London in 2012 cost JPMorgan about $6 billion and brought regulators down on it. from the University of Chicago. 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. Get notified the next time Michael J. Cavanagh buys or sells Comcast stock. The company was founded in 1963 and is headquartered in Philadelphia, PA. He joined the company from global alternative asset manager The Carlyle Group, where he was briefly co-president and co-chief operating officer. And no matter what his role, Mike has always acted with integrity and high character, combined with intelligence, passion and hard work. It also provides communications services, including residential high-speed internet, phone, and wireless services. from Yale University and a J.D. Mr. Cavanagh has a broad range of responsibilities, partnering with the Chairman and CEO to manage all aspects of the business and corporate team. All Rights Reserved. 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 remain as Comcast's CFO, a position he has held since joining the company seven years ago. 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