Comcast Corporation today announced that Mike Cavanagh has been named President. Cavanagh joined Philadelphia-headquartered Comcast seven years ago as chief financial officer (CFO). A member of the Republican Party, Youngkin defeated former Democratic governor Terry McAuliffe in the 2021 Virginia gubernatorial election. 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. In 2019 we welcomed three new members to our board, including a new representative of the Free Library of Philadelphia Foundation Board of Directors. Learn More about insider trades at Comcast. 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. October 12, 2022. 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. from the University of Chicago. This information is according to proxy statements filed for the 2021 fiscal year. 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. Cavanagh, also the companys chief financial officer, has not been appointed to the board. 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. 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. 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. He will remain Chief Financial Officer. 2-min read PHILADELPHIA, March 01, 2023 -- ( BUSINESS WIRE )--Comcast Corporation today announced that Anand Kini has been named Executive Vice President, Corporate. JPMorgan came through the financial crisis of 2008-09 mostly unscathed. TV Shows. Its an honor to work with Brian to lead this great company, Cavanagh added. Cindy Ord/Getty Images Entertainment. Michael Cavanagh is 54, he's been the Chief Financial Officer and Senior Executive Vice President of Comcast Corp since 2015. Salary in 2022. 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. He will remain chief financial officer. He was 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 located in nearly 100 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 Subscribe for full access to The Hollywood Reporter. 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. 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. 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. He also served as JPMorgan Chases CFO for six years helping steer the company to successfully navigate the financial crisis. Burke and Dimon attended Harvard Business School together, graduating in 1982. 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. Comcast shares closed at $28.69 Wednesday, up 0.03%. He is also a member of the firm's Operating Committee and Executive Committee. Since then Michael has changed 3 companies and 2 roles. Michael J. Cavanagh has not been actively trading shares of Comcast during the last quarter. Learn More on Michael J. Cavanagh's contact information. They peaked in August 2021 at about $60 a share. We hope you'll join us in welcoming them to the board and The Rosenbach community. 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On average, Comcast Corp executives and independent directors trade stock every 9 days with the average trade being worth of $3,606,828. With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the businesses and teams across the company. . 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. 2023 The Hollywood Reporter, LLC. Mike also serves on the board of HealthVerity and is a member of the Council on Foreign Relations. It also provides communications services, including residential high-speed internet, phone, and wireless services. It looks like you're trying to zoom in on this page. Cavanagh was raised on Long Island in an Irish-Catholic family. The oldest executive at Comcast Corp is Maritza Montiel, 68, who is the Independent Director. READ MORE: New Comcast CFO says company must avoid complacency [from 2015]. Comcast Corporation has promoted Mike Cavanagh to president, making him the third person to occupy the role in the companys 59-year history. What's on TV & Streaming Top 250 TV Shows Most Popular TV Shows Browse TV Shows by Genre TV News India TV Spotlight. Cavanaugh, who has spent nearly his entire coaching career mentoring offensive linemen, spent the last three seasons as the . Enter your email address below to get our daily insider buying and selling report. He will remain Chief Financial Officer. We have estimated Michael Cavanaugh's net worth , money, salary, income, and assets. PHILADELPHIA -- (BUSINESS WIRE)--Oct. 12, 2022-- Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has been named 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. While Comcast stock price hasnt fallen as much as some of its Hollywood peers this year Warner Bros. Comcast can also be reached via phone at (215) 286-1700. Most recently he exercised 53,400 units of CMCSA stock worth $1,956,042 on 17 March 2022. 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. In a banking career, Cavanagh rose to the top echelons of JPMorgan as co-CEO of JPMorgans corporate and investment bank. The Hollywood Reporter is a part of Penske Media Corporation. Michael J. Cavanagh serves as Chief Financial Officer, Senior Executive Vice President of the Company. Mike has a broad range of responsibilities, including overseeing all financial functions, corporate development, strategic planning, and corporate administration. The oldest executive at Comcast Corp is MaritzaMontiel, 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. 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.. June 2016. edit data. Cavanagh will be only the third president in the company's 59-year history. Cavanagh serves on the Board of Trustees of Yale University and as chair of its investment committee. Comcast Corp. engages in the provision of video, Internet, and phone services. There are 1 executives at Comcast Corp getting paid more, with BrianRoberts having the highest compensation of $36,370,200. Michael Cavanagh serves as Chief Financial Officer of Comcast Corporation. Comcast reported revenue of $116.4 billion for fiscal year 2021. 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. 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. Before that he was co-CEO of JPMorgan Chases Corporate & Investment Bank from 2012 to 2014. Mike came to Comcast after more than 20 years in the financial services industry. The Studios segment focuses on NBCUniversal's film and television studio production and distribution operations. "Athlete | Empire" presents the in-depth, intimate stories of these businesses, as told by the players themselves. Comcast Launches 'Free This Week', Increasing Access To Streaming And Premium Network Fare For Xfinity X1 And . Mike joined Comcast in 2015 after spending more than 20 years in the financial services industry. Gift this article. Show all results. 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. There are 18 older and 3 younger executives at Comcast Corp. 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. ', The True Story Behind 'Cocaine Bear': A 175-Pound Beast, a Dead Drug Smuggler in Gucci Loafers and More, Super Mario Bros. 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Comcast said on Wednesday that it has promoted chief financial officer Mike Cavanagh to the added role of president. 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. 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. 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. 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. He is a member of the Council on Foreign Relations and serves on the board of HealthVerity. He will continue to act as Comcasts chief financial officer. Net Worth in 2022. The Brian Roberts-led Comcast. Todays promotion will come as no surprise Mike is admired and trusted by those who know and work with him, Roberts 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. 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. Learn More From Comcast Careers Comcast Careers Blog How We Hire Our Culture FAQ You can change your choices at any time by visiting your privacy controls. He will continue to serve as chief financial. The global economy also faces a potential recession. 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 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. As Chief Financial Officer at COMCAST CORP, Michael J. Cavanagh made $27,356,996 in total compensation. It also provides wireless and security and automation services to residential customers under the Xfinity brand. from the University of Chicago. He will continue to serve as chief. Mr. Cavanagh has a broad range of responsibilities, partnering with the Chairman and CEO to manage all aspects of the business and corporate team. Learn More on Michael J. Cavanagh's salary. Menu. Learn More on Michael J. Cavanagh's salary. 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 that, he served as JPMorgan Chases CFO for six years, where he helped the company successfully navigate the financial crisis. 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. Michael Cavanagh Work Experience and Education. 2 min read Comcast Corporation Comcast Corporation announced Wednesday that Chief Financial Officer (CFO) Mike Cavanagh has been promoted to the added role of. Mike joined Comcast in 2015 as the companys Chief Financial Officer after spending more than 20 years in the financial services industry. Burke sat on the JPMorgan board and knew Cavanagh through board presentations. Mike has brought incredible operational and financial expertise to Comcast and is an integral part of our special company. 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 (NASDAQ:CMCSA) announced that current CFO Mike Cavanagh has been also named President.Mike will be the third President in the company's . 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. New Comcast CFO says company must avoid complacency. In the last twelve months, insiders at the cable giant sold shares 8 times. Public Records. There are 18 older and 3 younger executives at Comcast Corp. In this role, Mike co-headed all investment banking, cash management, investor services and the largest global markets and trading business in the world. Mike came to Comcast after more than 20 years in the financial services industry. To zoom out, use the keyboard shortcut [Ctrl] + [-] in Windows and [Cmd] + [-] on a Mac. And no matter what his role, Mike has always acted with integrity and high character, combined with intelligence, passion and hard work. 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. Mike Cavanagh is now in his sixties and has no idea how that happened. Find out more about how we use your information in our privacy policy and cookie policy. I look forward to working together to shape the bright future of Comcast.. Sky operates the Sky News broadcast network and sports and entertainment networks, produces original content, and has exclusive content rights. Live market coverage co-anchored from Hong Kong and New York. All Rights Reserved. Mr. Cavanagh is also a director of Yum! Comcast Corporation has approximately 189,000 employees worldwide and $116 billion in annual revenue. More from Deadline. 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. Two other adult children, left home eventually, complete the extended menagerie. Mr. Cavanagh has a broad range of responsibilities, partnering with the Chairman and CEO to manage all aspects of the business and corporate team. Learn More on Comcast's active insiders. Comcast has approximately 186,000 employees worldwide and $121 billion in annual revenue. With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the . Memoir, Humor and Comedy, Romance. 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 will remain as Comcast's CFO, a position he has held since joining the company seven years ago. Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has been named President. Michael's mailing address filed with the SEC is ONE COMCAST CENTER, , PHILADELPHIA, PA, 19103. 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. Oct. 12, 2022, 08:24 AM. Athletes' ambitions don't end when they leave the field of play. 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. 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. At Yale, he served as a non-trustee member of the Yale Corporation Committee on Investments before being appointed chairman of the committee. Mike earned a B.A. 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 Hollywood Reporter is a part of Penske Media Corporation. Mike came to Comcast after more than 20 years in the financial services industry. Mike Cavanagh - @MikeCavanagh9. But a rogue trader in London in 2012 cost JPMorgan about $6 billion and brought regulators down on it. Insiders at Comcast own 1.1% of the company. Previously he served as JPMorgan Chases CFO for six years, where he helped the company successfully navigate the financial crisis. Michael Cavanagh serves as President and Chief Financial Officer of Comcast Corporation. 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. According to ZoomInfo records, Michael Cavanagh's professional experience began in 2021. (Podcast). Variety is a part of Penske Media Corporation. Comcast CFO Mike Cavanagh will take on the additional role of president. Learn More on Michael J. Cavanagh's contact information. 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. 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. Due to a planned power outage on Friday, 1/14, between 8am-1pm PST, some services may be impacted. 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. He is from United States. Member Since. He'll. $1 Million - $5 Million. He also serves on the board of HealthVerity and is a member of the Council on Foreign Relations. from Yale and a J.D. "With his leadership, the company has expanded its reach significantly in the U.S. and. Comcast Corporation has promoted Mike Cavanagh to president, making him the third person to occupy the role in the company's 59-year history. 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. He was Co-CEO of JPMorgan Chase's Corporate & Investment Bank from 2012 to 2014, a global leader in its. Why? Overnight on Wall Street is daytime in Asia. Cavanagh, 56, has served as CFO since 2015 and will continue in that role in addition to his . 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. 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. All Rights Reserved. Mike has brought incredible operational and financial expertise to Comcast and is an integral part of our special company. from Yale University and a J.D. I look forward to working together to shape the bright future of Comcast.. Comcast Corp. has promoted Mike Cavanagh to be the company's third president in its 59-year history. Mr. Cavanagh was appointed a successor trustee in 2020. 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. 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