In the last twelve months, insiders at the cable giant sold shares 8 times. We have exceptional businesses with world-class executives in Dana, Dave, and Jeff and Im proud to call them my partners. 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. Michael Cavanagh is 54, he's been the Chief Financial Officer and Senior Executive Vice President of Comcast Corp since 2015. Mr. Cavanagh has served as the Chief Financial Officer of Comcast Corporation since July 2015. 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. Variety and the Flying V logos are trademarks of Variety Media, LLC. He was Co-CEO of JPMorgan Chase's Corporate & Investment Bank from 2012 to 2014, a global leader in its. I look forward to working together to shape the bright future of Comcast.. Why? 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. 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. 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. Comcast Corporation is a global media and technology company with three primary businesses: Comcast Cable, NBCUniversal, and Sky. Cindy Ord/Getty Images Entertainment. Learn More on Michael J. Cavanagh's contact information. 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. Mike has a broad range of responsibilities, including overseeing all financial functions, corporate development, strategic planning, and corporate administration. 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 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. Last updated: 18 March 2022 at 5:05pm EST. $1 Million - $5 Million. Mike came to Comcast after more than 20 years in the financial services industry. As of 17 March 2022 he still owns at least 98,709 units of Comcast Corp stock. What's on TV & Streaming Top 250 TV Shows Most Popular TV Shows Browse TV Shows by Genre TV News India TV Spotlight. 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 . 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. 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. They sold a total of 7,602,130 shares worth more than $22,410,930.47. 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. October 12, 2022. The Hollywood Reporter is a part of Penske Media Corporation. Mike has a broad range of responsibilities, partnering with Chairman and CEO Brian Roberts to manage all aspects of the business and corporate team. Emily Cavanagh, Lisa Washington, and Gene LeFevre each bring their own expertise and passion for our mission. I look forward to working together to shape the bright future of Comcast.. With this promotion, Mike will work closely with . With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the businesses and teams across the company. What Could Elon Musk Possibly Be Thinking? Philadelphia, PA Comcast Corporation today announced that Mike Cavanagh has been named President. 2023 Variety Media, LLC. The Hollywood Reporter is a part of Penske Media Corporation. 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. 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. Comcast Corporation has approximately 189,000 employees worldwide and $116 billion in annual revenue. Burke sat on the JPMorgan board and knew Cavanagh through board presentations. Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has been named President. 2023 The Hollywood Reporter, LLC. 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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? (Podcast). He is the first executive outside the Roberts family to hold the title. Cavanagh earned a B.A. 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. The company will report its full . Comcast said it signed a new employment agreement with recently named president Michael Cavanagh that runs through December 31, 2027. Since then Michael has changed 3 companies and 2 roles. Get notified the next time Michael J. Cavanagh buys or sells Comcast stock. He also served as JPMorgan Chases CFO for six years helping steer the company to successfully navigate the financial crisis. 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 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. He will remain Chief Financial Officer. 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.. Mike Cavanagh has been Comcast's chief financial officer since 2015. . It looks like you're trying to zoom in on this page. Mike will be only the third President in the companys 59-year history. The oldest executive at Comcast Corp is Maritza Montiel, 68, who is the Independent Director. 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 this promotion, Mike will work closely with chairman and CEO Brian L. Roberts to manage the businesses and teams across the company, it said. 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. The global economy also faces a potential recession. Mike has a broad range of responsibilities, including overseeing all financial functions, corporate development, strategic planning, and corporate administration. 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 Brian Roberts-led Comcast. . Eat steak, play golf, be happy! 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. The estimated Net Worth of Michael J Cavanagh is at least $34.5 Million dollars as of 17 March 2022. Comcast Corp. has promoted Mike Cavanagh to be the company's third president in its 59-year history. 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. In 2019 we welcomed three new members to our board, including a new representative of the Free Library of Philadelphia Foundation Board of Directors. from Yale and a J.D. Mike Cavanagh - @cjetnut. A member of the Republican Party, Youngkin defeated former Democratic governor Terry McAuliffe in the 2021 Virginia gubernatorial election. Mike Cavanagh is now in his sixties and has no idea how that happened. 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. It also provides wireless and security and automation services to residential customers under the Xfinity brand. Michael Cavanagh serves as President and Chief Financial Officer of Comcast Corporation. As the Sr. EVP & CFO of Comcast Co., Mr. Cavanagh earned a total compensation package of $369,489.00 in 2021. 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Comcast Corporation Promotes Mike Cavanagh to President. With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the businesses and teams across the company. News Wire Feed Light Reading 10/12/2022. 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. PHILADELPHIA--(BUSINESS WIRE)--Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has been named President. Michael J. Cavanagh serves as Senior Executive Vice President and Chief Financial Officer of Comcast Corporation. 2023 The Hollywood Reporter, LLC. 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. "With his leadership, the company has expanded its reach significantly in the U.S. and. from Yale University and a J.D. from Yale University and a J.D. Mike has brought incredible operational and financial expertise to Comcast and is an integral part of our special company. The prices in other telecom and entertainment companies, among them Verizon, Walt Disney and Netflix, have also declined. 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. He will continue to act as Comcasts chief financial officer. 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. Mr. Cavanagh earned a B.A. 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. And no matter what his role, Mike has always acted with integrity and high character, combined with intelligence, passion and hard work. Due to a planned power outage on Friday, 1/14, between 8am-1pm PST, some services may be impacted. from the University of Chicago. Mike Cavanagh | Comcast. 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. 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Mr. Cavanagh has a broad range of responsibilities, partnering with the Chairman and CEO to manage all aspects of the business and corporate team. 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. 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. Find out more about how we use your information in our privacy policy and cookie policy. With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the businesses and teams across the company. Michael J. Cavanagh has not been actively trading shares of Comcast during the last quarter. Mike Cavanaugh. Mike joined Comcast in 2015 after spending more than 20 years in the financial services industry. Said Jamie Dimon, chairman and CEO of JPMorgan Chase: Mike Cavanagh is an outstanding executive and leader what I call an elite business athlete who led complex global businesses at JPMorgan Chase and served as our chief financial officer through the worst parts of the global financial crisis. 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. Comcast CFO Mike Cavanagh will take on the additional role of president. You can change your choices at any time by visiting your privacy controls. Comcast Corp. promoted Mike Cavanagh, a former Wall Street banker, to president of the Philadelphia telecom and entertainment company, the company said Wednesday. Cavanagh was raised on Long Island in an Irish-Catholic family. Prior to entering politics, he spent 25 years at the private-equity firm the Carlyle Group . He is from United States. Mr. Cavanagh was appointed a successor trustee in 2020. Comcast reported revenue of $116.4 billion for fiscal year 2021. 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. "Athlete | Empire" presents the in-depth, intimate stories of these businesses, as told by the players themselves. Variety is a part of Penske Media Corporation. There are 18 older and 3 younger executives at Comcast Corp. Insiders at Comcast own 1.1% of the company. Todays promotion will come as no surprise Mike is admired and trusted by those who know and work with him, said Roberts. All Rights Reserved. Previously, Cavanagh was CEO of the firm's Treasury & Securities Services division, JPMorgan came through the financial crisis of 2008-09 mostly unscathed. Oct. 12, 2022, 08:24 AM. Mike joined Comcast in 2015 after spending more than 20 years in the financial services industry, primarily for JPMorganChase and the Carlyle Group. 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. Comcast Corporation has promoted Mike Cavanagh to president, making him the third person to occupy the role in the company's 59-year history. from the University of Chicago. The Brian Roberts-led Comcast. Public Records. 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. The Media segment consists of NBCUniversal's television and streaming platforms, including national, regional, and international cable networks. "With his leadership, the company has expanded its reach significantly in the U.S. and. He serves on the Board of Trustees of Yale and is Chairman of its Investment Committee, which has more than $40 billion under management. 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. 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,. Mike Cavanagh - @MikeCavanagh9. It also provides communications services, including residential high-speed internet, phone, and wireless services. 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. 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