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. from Yale University and a J.D. Show all results. Subscribe for full access to The Hollywood Reporter. Cavanagh has been finance chief of the media and technology company for the last seven years. Prior to that, he served as JPMorgan Chases CFO for six years, where he helped the company successfully navigate the financial crisis. Movies. Variety and the Flying V logos are trademarks of Variety Media, LLC. Get notified the next time Michael J. Cavanagh buys or sells Comcast stock. For best results: use the most recent version of your browser, disable your browser's 'zoom text only' setting, and use your browser's default font size settings. Cavanagh, 56, has served as CFO since 2015 and will continue in that role in addition to his . Mr. Cavanagh joined Comcast as the companys Chief Financial Officer in 2015 after spending more than twenty years in the financial services industry. An Inquirer reporter since 1993, I report stories with an emphasis on enterprise, corporations, college debt, and features with a money angle. In the last twelve months, insiders at the cable giant sold shares 8 times. from the University of Chicago. It operates through the following segments: Cable Communications, Media, Studios, Theme Parks, and Sky. He serves on the Board of Trustees of Yale and is Chairman of its Investment Committee. Cavanagh joined Philadelphia-headquartered Comcast seven years ago as chief financial officer (CFO). In 2019 we welcomed three new members to our board, including a new representative of the Free Library of Philadelphia Foundation Board of Directors. Todays promotion will come as no surprise Mike is admired and trusted by those who know and work with him, Roberts said. Comcast said it signed a new employment agreement with recently named president Michael Cavanagh that runs through December 31, 2027. 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 Corporation (NASDAQ:CMCSA) announced that current CFO Mike Cavanagh has been also named President.Mike will be the third President in the company's . In this role, Mike co-headed all investment banking, cash management, investor services and the largest global markets and trading business in the world. Variety is a part of Penske Media Corporation. News Wire Feed Light Reading 10/12/2022. He serves on the board of trustees of Yale and is chairman of its investment committee, which has more than $40 billion under management. He was the Co-CEO of JPMorgan Chase's . 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 Yale and a J.D. Mike Cavanagh is now in his sixties and has no idea how that happened. Genre. Michael J. Cavanagh serves as Senior Executive Vice President and Chief Financial Officer of Comcast Corporation. 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. Mr. Cavanagh is also a director of Yum! 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. He also served as JPMorgan Chases CFO for six years helping steer the company to successfully navigate the financial crisis. 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. The company was founded in 1963 and is headquartered in Philadelphia, PA. (RTTNews) - Comcast Corp. (CMCSA) announced the appointment of Mike Cavanagh as President. 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. But a rogue trader in London in 2012 cost JPMorgan about $6 billion and brought regulators down on it. Burke sat on the JPMorgan board and knew Cavanagh through board presentations. Track your investments 24 hours a day, around the clock from around the world. At Yale, he served as a non-trustee member of the Yale Corporation Committee on Investments before being appointed chairman of the committee. Mike will be only the third President in the companys 59-year history. Memoir, Humor and Comedy, Romance. from the University of Chicago. https://oneofitslegs.org. Comcast Corp. engages in the provision of video, Internet, and phone services. Mike will be only the third President in the company's 59-year history. Michael Cavanagh serves as President and Chief Financial Officer of Comcast Corporation. Last month, Comcasts board sought to bolster the companys stock by purchasing up to $20 billion in shares as investors sold them. Comcast said on Wednesday that it has promoted chief financial officer Mike Cavanagh to the added role of president. Learn More From Comcast Careers Comcast Careers Blog How We Hire Our Culture FAQ All Rights Reserved. He will remain Chief Financial Officer. (Podcast). Two other adult children, left home eventually, complete the extended menagerie. Learn More on Michael J. Cavanagh's salary. PHILADELPHIA--(BUSINESS WIRE)--Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has been named President. 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. 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.. He also serves on the board of software company HealthVerity and is a member of the Council on Foreign Relations. We hope you'll join us in welcoming them to the board and The Rosenbach community. According to ZoomInfo records, Michael Cavanagh's professional experience began in 2021. June 2016. edit data. Michael's mailing address filed with the SEC is ONE COMCAST CENTER, , PHILADELPHIA, PA, 19103. With the promotion, Cavanagh will work closely with Comcast chairman and CEO Brian L. Roberts to manage the corporation's businesses and teams across the company. Learn More on Michael J. Cavanagh's trading history. 2023 The Hollywood Reporter, LLC. Since then Michael has changed 3 companies and 2 roles. On average, Comcast Corp executives and independent directors trade stock every 9 days with the average trade being worth of $3,606,828. There are 18 older and 3 younger executives at Comcast Corp. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. 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. 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 have exceptional businesses with world-class executives in Dana, Dave, and Jeff and Im proud to call them my partners. Michael J. Cavanagh works as Chief Financial Officer at Comcast Corporation. Bloomberg Daybreak Asia. Cavanagh will remain as Comcast's CFO, a position he has held since joining the company seven years ago. Click Manage settings for more information and to manage your choices. 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. 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. "With his leadership, the company has expanded its reach significantly in the U.S. and. He will remain Chief Financial Officer. 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. Overnight on Wall Street is daytime in Asia. You can change your choices at any time by visiting your privacy controls. Comcast Launches 'Free This Week', Increasing Access To Streaming And Premium Network Fare For Xfinity X1 And . He also serves on the board of HealthVerity and is a member of the Council on Foreign Relations. The company will report its full . Comcast Corp. promoted Mike Cavanagh, a former Wall Street banker, to president of the Philadelphia telecom and entertainment company, the company said Wednesday. He lives with his wife, Julie, adult son Dan, and two black cats in Bateman's Bay, NSW. Cavanaghs connection to Comcast can be traced through Steve Burke, a longtime Comcast executive and former head of NBCUniversal. As the Sr. EVP & CFO of Comcast Co., Mr. Cavanagh earned a total compensation package of $369,489.00 in 2021. Awesome wife and daughter. October 12, 2022. in News. To zoom in, use [Ctrl] + [+] in Windows, and [Cmd] + [+] on a Mac. 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 University and a J.D. "Athlete | Empire" presents the in-depth, intimate stories of these businesses, as told by the players themselves. He is the first executive outside the Roberts family to hold the title. Insiders at Comcast own 1.1% of the company. 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. They sold a total of 7,602,130 shares worth more than $22,410,930.47. 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. Mike joined Comcast in 2015 after spending more than 20 years in the financial services industry. Burke and Dimon attended Harvard Business School together, graduating in 1982. Mike joined the company seven years ago . More from Deadline. 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. I look forward to working together to shape the bright future of Comcast.. To zoom out, use the keyboard shortcut [Ctrl] + [-] in Windows and [Cmd] + [-] on a Mac. Mike Cavanaugh. The prices in other telecom and entertainment companies, among them Verizon, Walt Disney and Netflix, have also declined. Comcast Corporation Promotes Mike Cavanagh to 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 . Eat steak, play golf, be happy! Comcast Corporation has approximately 189,000 employees worldwide and $116 billion in annual revenue. 2 min read Comcast Corporation Comcast Corporation announced Wednesday that Chief Financial Officer (CFO) Mike Cavanagh has been promoted to the added role of. Before that he was co-CEO of JPMorgan Chases Corporate & Investment Bank from 2012 to 2014. In a banking career, Cavanagh rose to the top echelons of JPMorgan as co-CEO of JPMorgans corporate and investment bank. Mr. Cavanagh was appointed a successor trustee in 2020. 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 was Co-CEO of JPMorgan Chase's Corporate & Investment Bank from 2012 to 2014, a global leader in its. In recent years, Comcast also has struggled to transition to streaming entertainment from broadcast television and cable-TV formats. Michael J. Cavanagh serves as Chief Financial Officer, Senior Executive Vice President of the Company. He will continue to serve as chief financial. Comcast Corporation (NASDAQ: CMCSA) on Oct. 12 announced that its present chief financial officer, Mike Cavanagh, has been named president of the company. Comcast shares closed at $28.69 Wednesday, up 0.03%. Michael Cavanagh serves as Chief Financial Officer of Comcast Corporation. 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. The most recent insider tranaction occured on February, 21st when Major Shareholder Corp Comcast sold 37,176 shares worth more than $75,467.28. The corporate mailing address for Mr. Cavanagh and other Comcast executives is One Comcast Center, Philadelphia PA, 19103. Comcast can also be reached via phone at (215) 286-1700. 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. 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. 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. The Studios segment focuses on NBCUniversal's film and television studio production and distribution operations. 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. Mike joined Comcast in 2015 after spending more than 20 years in the financial services industry, primarily for JPMorganChase and the Carlyle Group. Mike joined Comcast in 2015 after spending more than 20 years in the financial services industry. Learn More on Michael J. Cavanagh's trading history. Comcast Corporation Promotes Mike Cavanagh to President Business Wire PHILADELPHIA -- October 12, 2022 Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has . Mr. Cavanagh has a broad range of responsibilities, partnering with the Chairman and CEO 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. It also provides wireless and security and automation services to residential customers under the Xfinity brand. PHILADELPHIA, Pa. - Comcast Corporation today announced that Mike Cavanagh has been named President. 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. 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 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. 2023 The Hollywood Reporter, LLC. 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. Film and television studio production and distribution operations Michael 's mailing address filed with the SEC is ONE Comcast,... 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mike cavanagh comcast wife