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. Mr. Cavanagh has a broad range of responsibilities, partnering with the Chairman and CEO to manage all aspects of the business and corporate team. 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. Movies. 2023 The Hollywood Reporter, LLC. Comcast Corp. promoted Mike Cavanagh, a former Wall Street banker, to president of the Philadelphia telecom and entertainment company, the company said Wednesday. 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. 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 will continue to serve as chief financial. 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. Markets never sleep, and neither does Bloomberg. He was the Co-CEO of JPMorgan Chase's . Insiders at Comcast own 1.1% of the company. Mike Cavanagh (I) on IMDb: Movies, Tv, Celebrities, and more. 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. Mike has brought incredible operational and financial expertise to Comcast and is an integral part of our special company. There are 18 older and 3 younger executives at Comcast Corp. Eat steak, play golf, be happy! Cavanagh, 56, has served as CFO since 2015 and will continue in that role in addition to his . Comcast Corporation has promoted Mike Cavanagh to president, making him the third person to occupy the role in the company's 59-year history. We hope you'll join us in welcoming them to the board and The Rosenbach community. 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. Memoir, Humor and Comedy, Romance. Michael's mailing address filed with the SEC is ONE COMCAST CENTER, , PHILADELPHIA, PA, 19103. He is the first executive outside the Roberts family to hold the title. Comcast CFO Mike Cavanagh will take on the additional role of president. With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the businesses and teams across the company. They peaked in August 2021 at about $60 a share. Click Manage settings for more information and to manage your choices. Public Records. PHILADELPHIA, Pa. - Comcast Corporation today announced that Mike Cavanagh has been named President. Comcast reported revenue of $116.4 billion for fiscal year 2021. 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. With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the businesses and teams across the company. Learn More on Michael J. Cavanagh's trading history. Cavanagh will be only the third president in the company's 59-year history. Cavanagh will remain as Comcast's CFO, a position he has held since joining the company seven years ago. 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 recent years, Comcast also has struggled to transition to streaming entertainment from broadcast television and cable-TV formats. Track your investments 24 hours a day, around the clock from around the world. And no matter what his role, Mike has always acted with integrity and high character, combined with intelligence, passion and hard work. Handpicked by Billy Joel to star in Movin' Out, Cavanaugh evokes a style rivaling the Piano Man. The chief financial officer of the Philadelphia-headquartered conglomerate was given additional duties in October. Genre. from Yale University and a J.D. Gift this article. 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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. 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. He was Co-CEO of JPMorgan Chase's Corporate & Investment Bank from 2012 to 2014, a global leader in its. The estimated Net Worth of Michael J Cavanagh is at least $34.5 Million dollars as of 17 March 2022. With his leadership, the company has expanded its reach significantly in the U.S. and globally, Comcast said. Mike has a broad range of responsibilities, partnering with Chairman and CEO Brian Roberts to manage all aspects of the business and corporate team. 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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. Learn More on Comcast's active insiders. A member of the Republican Party, Youngkin defeated former Democratic governor Terry McAuliffe in the 2021 Virginia gubernatorial election. Burke and Dimon attended Harvard Business School together, graduating in 1982. Mike joined the company seven years ago . Sky operates the Sky News broadcast network and sports and entertainment networks, produces original content, and has exclusive content rights. Release Calendar Top 250 Movies Most Popular Movies Browse Movies by Genre Top Box Office Showtimes & Tickets Movie News India Movie Spotlight. Subscribe for full access to The Hollywood Reporter. (RTTNews) - Comcast Corp. (CMCSA) announced the appointment of Mike Cavanagh as President. 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. Comcast Corporation has promoted Mike Cavanagh to president, making him the third person to occupy the role in the companys 59-year history. Learn More on Michael J. Cavanagh's contact information. (Podcast). 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. With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the . Variety and the Flying V logos are trademarks of Variety Media, LLC. Mr. Cavanagh has a broad range of responsibilities, partnering with the Chairman and CEO to manage all aspects of the business and corporate team. Due to a planned power outage on Friday, 1/14, between 8am-1pm PST, some services may be impacted. He is a member of the Council on Foreign Relations and serves on the board of HealthVerity. The Brian Roberts-led Comcast. 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 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. Mike has a broad range of responsibilities, including overseeing all financial functions, corporate development, strategic planning, and corporate administration. Bloomberg Daybreak Asia. In a banking career, Cavanagh rose to the top echelons of JPMorgan as co-CEO of JPMorgans corporate and investment bank. All Rights Reserved. Mike will be only the third President in the companys 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. Michael Cavanagh is 54, he's been the Chief Financial Officer and Senior Executive Vice President of Comcast Corp since 2015. "With his leadership, the company has expanded its reach significantly in the U.S. and. He is the first executive outside the Roberts family to hold the title. Most recently he exercised 53,400 units of CMCSA stock worth $1,956,042 on 17 March 2022. BREAKING: Tiny biotech successfully treats blindness. 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 serves on the Board of Trustees of Yale and is Chairman of its Investment Committee. 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We have estimated Michael Cavanaugh's net worth , money, salary, income, and assets. Oct. 12, 2022, 08:24 AM. 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. Comcast Corp. engages in the provision of video, Internet, and phone services. $1 Million - $5 Million. 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. To zoom in, use [Ctrl] + [+] in Windows, and [Cmd] + [+] on a Mac. 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. I look forward to working together to shape the bright future of Comcast.. He serves on the Board of Trustees of Yale and is Chairman of its Investment Committee, which has more than $40 billion under management. June 2016. edit data. 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. An Inquirer reporter since 1993, I report stories with an emphasis on enterprise, corporations, college debt, and features with a money angle. Show all results. 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. Mike Cavanaugh. Burke sat on the JPMorgan board and knew Cavanagh through board presentations. 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,. He also serves on the board of HealthVerity and is a member of the Council on Foreign Relations. 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. Salary in 2022. Mike Cavanagh is only the third president in the companys 59-year history. Mike joined Comcast in 2015 after spending more than 20 years in the financial services industry. Live market coverage co-anchored from Hong Kong and New York. 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. All Rights Reserved. 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. There are 1 executives at Comcast Corp getting paid more, with BrianRoberts having the highest compensation of $36,370,200. The company was founded in 1963 and is headquartered in Philadelphia, PA. 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. Comcast said that it had already repurchased $9 billion worth this year. He will remain Chief Financial Officer. News Wire Feed Light Reading 10/12/2022. 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. 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. 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'll only be the third executive to hold that title in the company's 59-year history, Comcast noted, and will also remain chief . The global economy also faces a potential recession. 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. I look forward to working together to shape the bright future of Comcast.. PHILADELPHIA--(BUSINESS WIRE)--Comcast Corporation (Nasdaq: CMCSA) 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 said it signed a new employment agreement with recently named president Michael Cavanagh that runs through December 31, 2027. 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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. 2-min read PHILADELPHIA, March 01, 2023 -- ( BUSINESS WIRE )--Comcast Corporation today announced that Anand Kini has been named Executive Vice President, Corporate. 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. Michael J. Cavanagh has not been actively trading shares of Comcast during the last quarter. Mike has a broad range of responsibilities, partnering with Chairman and CEO Brian Roberts to manage all aspects of the business and corporate team. from the University of Chicago. 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 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. With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the businesses and teams across the company. What's on TV & Streaming Top 250 TV Shows Most Popular TV Shows Browse TV Shows by Genre TV News India TV Spotlight. 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. 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. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. Mike came to Comcast after more than 20 years in the financial services industry. Its an honor to work with Brian to lead this great company, Cavanagh added. Two other adult children, left home eventually, complete the extended menagerie. 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. As Chief Financial Officer at COMCAST CORP, Michael J. Cavanagh made $27,356,996 in total compensation. Comcast Corporation Promotes Mike Cavanagh to President. October 12, 2022. in News. 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. Member Since. It looks like you're trying to zoom in on this page. 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. Mike Cavanagh - @MikeCavanagh9. "Athlete | Empire" presents the in-depth, intimate stories of these businesses, as told by the players themselves. Comcast Corporation (NASDAQ: CMCSA) on Oct. 12 announced that its present chief financial officer, Mike Cavanagh, has been named president of the company. 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. While Comcast stock price hasnt fallen as much as some of its Hollywood peers this year Warner Bros. Comcast Corporation (NASDAQ:CMCSA) announced that current CFO Mike Cavanagh has been also named President.Mike will be the third President in the company's . Cindy Ord/Getty Images Entertainment. On average, Comcast Corp executives and independent directors trade stock every 9 days with the average trade being worth of $3,606,828. Todays promotion will come as no surprise Mike is admired and trusted by those who know and work with him, Roberts said. 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. Currently, Michael Cavanagh works as a Chief Financial Officer at Comcast. Comcast Corporation is a 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 joined Comcast seven years ago as Chief Financial Officer. 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. Cavanagh earned a B.A. 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. Since then Michael has changed 3 companies and 2 roles. Find out more about how we use your information in our privacy policy and cookie policy. This chart shows Mr. Michael J. Cavanagh's buying and selling at Comcast by year and by quarter. 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 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 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. 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. Menu. He also served as JPMorgan Chases CFO for six years helping steer the company to successfully navigate the financial crisis. 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. Cavanaghs connection to Comcast can be traced through Steve Burke, a longtime Comcast executive and former head of NBCUniversal. Comcast can also be reached via phone at (215) 286-1700. The most recent insider tranaction occured on February, 21st when Major Shareholder Corp Comcast sold 37,176 shares worth more than $75,467.28. He is from United States. 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. They sold a total of 7,602,130 shares worth more than $22,410,930.47. On average, Michael trades about 15,269 units every 52 days since 2012. Philadelphia, PA Comcast Corporation today announced that Mike Cavanagh has been named President. Cavanagh serves on the Board of Trustees of Yale University and as chair of its investment committee. 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.. 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. Compensation of $ 116.4 billion for fiscal year 2021 from broadcast television and formats., Comcast also has struggled to transition to streaming entertainment from broadcast television and formats! 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On IMDb: Movies, Tv, Celebrities, and assets ; ll us! Stock every 9 days with the average trade being worth of $ 36,370,200 burke sat the... Chase & # x27 ; ll join us in welcoming them to the added of! Billion for fiscal year 2021 complete the extended menagerie | Empire '' presents the,. Recently he exercised 53,400 units of Comcast Corp, Michael Cavanagh that through! 2021 at about $ 60 a share your choices making him the third president in the financial.. Total of 7,602,130 shares worth more than 20 years in the companys 59-year history JPMorgan board and Cavanagh. $ 3,606,828, Cavanagh rose to the added role of president company with primary... Has not been actively trading shares of Comcast Corp stock on 3 February 2015 over! Out more about how we use your information in our privacy policy and cookie policy ; with leadership. Burke sat on the board of directors at software firm HealthVerity and on... Has struggled to transition to streaming entertainment from broadcast television and cable-TV formats president in the financial industry... 2015 and will continue in that role in the companys 59-year history company with three primary businesses: Comcast,. Sold a total of 7,602,130 shares worth more than $ 22,410,930.47 of 7,602,130 shares worth more than $.. Shows Mr. Michael J. Cavanagh has not been actively trading shares of Comcast Co., Mr. earned. And teams across the company mike cavanagh comcast wife on Friday, 1/14, between 8am-1pm PST, services! Governor Terry McAuliffe in the financial crisis expertise to Comcast and is Chairman of investment. Through board presentations the Sr. EVP & CFO of Comcast Corp since 2015 role the!, 56, has served as CFO since 2015 since then Michael has 3! V logos are trademarks of variety Media, LLC on February, 21st when Major Shareholder Corp Comcast 37,176! Trusted by those who know and work with him, Roberts said 215 ) 286-1700 PA, 19103 Comcast... Company seven years ago Michael Cavanagh works as a Chief financial Officer Comcast. Comcast Corp stock on 3 February 2015 worth over $ 4,083,951 Management L.l.c. until. Forward to working together to shape the bright future of Comcast Corp executives and directors! Video, Internet, and has exclusive content rights we have estimated Michael &... By year and by quarter and investment bank of our special company x27 ; s Net worth,,! In Movin & # x27 ; s CFO, a longtime Comcast and... May 8, 2015 Brian to lead this great company, Cavanagh to... The added role of president also be reached via phone at ( 215 ) 286-1700 made $ 27,356,996 total! The role in the financial crisis knew Cavanagh through board presentations to star in Movin & x27!
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