Comcast can also be reached via phone at (215) 286-1700. With his leadership, the company has expanded its reach significantly in the US and globally. You can see the complete history of Mr. Cavanagh stock trades at the bottom of the page. Cavanagh will remain as Comcast's CFO, a position he has held since joining the company seven years ago. from the University of Chicago. Cavanagh was raised on Long Island in an Irish-Catholic family. The company will report its full . Michael J Cavanagh, Comcast: Profile and Biography - Bloomberg Markets Subscribe Live Now Bloomberg TV+ Bloomberg Markets China Open Bloomberg Markets: China Open is the definitive. (RTTNews) - Comcast Corp. (CMCSA) announced the appointment of Mike Cavanagh as 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. Comcast Corporation Promotes Mike Cavanagh to President. The global economy also faces a potential recession. 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. Awesome wife and daughter. All Rights Reserved. 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. Comcast shares closed at $28.69 Wednesday, up 0.03%. 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. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. Mike will be only the third President in the company's 59-year history. 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. 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. Mike has brought incredible operational and financial expertise to Comcast and is an integral part of our special company. 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. I look forward to working together to shape the bright future of Comcast.. Mr. Cavanagh is also a director of Yum! 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. Click Manage settings for more information and to manage your choices. Variety and the Flying V logos are trademarks of Variety Media, LLC. 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. Mike has a broad range of responsibilities, including overseeing all financial functions, corporate development, strategic planning, and corporate administration. Track your investments 24 hours a day, around the clock from around the world. Learn More on Comcast's active insiders. With his leadership, the company has expanded its reach significantly in the U.S. and globally, Comcast said. 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. Genre. 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 is a global media and technology company with three primary businesses: Comcast Cable, NBCUniversal, and Sky. Cavanagh serves on the Board of Trustees of Yale University and as chair of its investment committee. This chart shows Mr. Michael J. Cavanagh's buying and selling at Comcast by year and by quarter. 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. As Chief Financial Officer at COMCAST CORP, Michael J. Cavanagh made $27,356,996 in total compensation. Get notified the next time Michael J. Cavanagh buys or sells Comcast stock. 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. He also serves on the board of software company HealthVerity and is a member of the Council on Foreign Relations. 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. TV Shows. 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. Show all results. He'll. 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. 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Michael J. Cavanagh serves as Senior Executive Vice President and Chief Financial Officer of Comcast Corporation. 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. 2 min read Comcast Corporation Comcast Corporation announced Wednesday that Chief Financial Officer (CFO) Mike Cavanagh has been promoted to the added role of. Menu. He is also a member of the firm's Operating Committee and Executive Committee. from Yale University and a J.D. Two other adult children, left home eventually, complete the extended menagerie. Prior to that, he served as JPMorgan Chases CFO for six years, where he helped the company successfully navigate the financial crisis. He was Co-CEO of JPMorgan Chase's Corporate & Investment Bank from 2012 to 2014, a global leader in its. Comcast Corp. promoted Mike Cavanagh, a former Wall Street banker, to president of the Philadelphia telecom and entertainment company, the company said Wednesday. Learn More on Michael J. Cavanagh's salary. Mike earned a B.A. 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 According to ZoomInfo records, Michael Cavanagh's professional experience began in 2021. 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. 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. 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 will be only the third President in the companys 59-year history. The chief financial officer of the Philadelphia-headquartered conglomerate was given additional duties in October. The Media segment consists of NBCUniversal's television and streaming platforms, including national, regional, and international cable networks. from Yale University and a J.D. He is from United States. Eat steak, play golf, be happy! He lives with his wife, Julie, adult son Dan, and two black cats in Bateman's Bay, NSW. 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. 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. The corporate mailing address for Mr. Cavanagh and other Comcast executives is One Comcast Center, Philadelphia PA, 19103. Insiders at Comcast own 1.1% of the company. Cavanaghs connection to Comcast can be traced through Steve Burke, a longtime Comcast executive and former head of NBCUniversal. Cavanagh has been finance chief of the media and technology company for the last seven years. Movies. 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. Prior to entering politics, he spent 25 years at the private-equity firm the Carlyle Group . Learn More on Michael J. Cavanagh's salary. He is the first executive outside the Roberts family to hold the title. He rowed at Yale. Michael Cavanagh serves as President and Chief Financial Officer of Comcast Corporation. Mike Cavanagh | Comcast. Mike joined Comcast in 2015 after spending more than 20 years in the financial services industry, primarily for JPMorganChase and the Carlyle Group. He will remain chief financial officer. Mr. Cavanagh was appointed a successor trustee in 2020. The Theme Parks segment operates Universal theme parks in Orlando, Florida, Hollywood, California, Osaka, Japan, and Beijing, China. Learn More on Michael J. Cavanagh's trading history. 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. Cavanagh joined Philadelphia-headquartered Comcast seven years ago as chief financial officer (CFO). JPMorgan came through the financial crisis of 2008-09 mostly unscathed. 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). from Yale and a J.D. Michael Cavanagh is 54, he's been the Chief Financial Officer and Senior Executive Vice President of Comcast Corp since 2015. Comcast Corp. engages in the provision of video, Internet, and phone services. 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. Last updated: 18 March 2022 at 5:05pm EST. Burke sat on the JPMorgan board and knew Cavanagh through board presentations. Mr. Cavanagh has a broad range of responsibilities, partnering with the Chairman and CEO to manage all aspects of the business and corporate team. Since then Michael has changed 3 companies and 2 roles. Comcast said that it had already repurchased $9 billion worth this year. Information on this page was last updated on 2/21/2023. 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. 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. 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. Markets never sleep, and neither does Bloomberg. He was Co-CEO of JPMorgan Chase's Corporate & Investment Bank from 2012 to 2014, a global leader in its. Last month, Comcasts board sought to bolster the companys stock by purchasing up to $20 billion in shares as investors sold them. Burke and Dimon attended Harvard Business School together, graduating in 1982. Mike came to Comcast after more than 20 years in the financial services industry. Currently, Michael Cavanagh works as a Chief Financial Officer at Comcast. Mike also serves on the board of HealthVerity and is a member of the Council on Foreign Relations. There are 18 older and 3 younger executives at Comcast Corp. 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. Mike Cavanagh - @cjetnut. With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the . Cavanagh, 56, has served as CFO since 2015 and will continue in that role in addition to his . Mike came to Comcast after more than 20 years in the financial services industry. "With his leadership, the company has expanded its reach significantly in the U.S. and. 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. With this promotion, Mike will work closely with . This information is according to proxy statements filed for the 2021 fiscal year. Mike joined Comcast seven years ago as Chief Financial Officer. To zoom in, use [Ctrl] + [+] in Windows, and [Cmd] + [+] on a Mac. All Rights Reserved. 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. As of 17 March 2022 he still owns at least 98,709 units of Comcast Corp stock. Previously, Cavanagh was CEO of the firm's Treasury & Securities Services division, Mike will be only the third president in the companys 59-year history. Comcast reported revenue of $116.4 billion for fiscal year 2021. 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. Mr. Cavanagh joined Comcast as the companys Chief Financial Officer in 2015 after spending more than twenty years in the financial services industry. Michael J. Cavanagh serves as Chief Financial Officer, Senior Executive Vice President of the Company. It most recently tallied revenue of $29.85 billion in the third quarter of 2022, ending Sept. 30. Michael Cavanagh serves as Chief Financial Officer of Comcast Corporation. The Studios segment focuses on NBCUniversal's film and television studio production and distribution operations. "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. He is the first executive outside the Roberts family to hold the title. Mike has a broad range of responsibilities, partnering with Chairman and CEO Brian Roberts to manage all aspects of the business and corporate team. 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. Mr. Cavanagh has served as the Chief Financial Officer of Comcast Corporation since July 2015. 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,. Michael J. Cavanagh works as Chief Financial Officer at Comcast Corporation. 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. ', 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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The Hollywood Reporter is a part of Penske Media Corporation. 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. They peaked in August 2021 at about $60 a share. 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. Michael's mailing address filed with the SEC is ONE COMCAST CENTER, , PHILADELPHIA, PA, 19103. 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. June 2016. edit data. The Brian Roberts-led Comcast disclosed Dec. 30 that it entered into a new employment agreement with Cavanagh through the end of 2027. 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. What Could Elon Musk Possibly Be Thinking? Due to a planned power outage on Friday, 1/14, between 8am-1pm PST, some services may be impacted. 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 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. Cavanagh will be only the third president in the company's 59-year history. He will continue to serve as chief. Mike also serves on the board of HealthVerity and is a member of the Council on Foreign Relations. He joined the company from global alternative asset manager The Carlyle Group, where he was briefly co-president and co-chief operating officer. Comcast Corporation today announced that Mike Cavanagh has been named President. Mike Cavanagh is only the third president in the companys 59-year history. On average, Michael trades about 15,269 units every 52 days since 2012. Learn More about insider trades at Comcast. . An Inquirer reporter since 1993, I report stories with an emphasis on enterprise, corporations, college debt, and features with a money angle. 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. In this role, Mike co-headed all investment banking, cash management, investor services and the largest global markets and trading business in the world. Release Calendar Top 250 Movies Most Popular Movies Browse Movies by Genre Top Box Office Showtimes & Tickets Movie News India Movie Spotlight. PHILADELPHIA--(BUSINESS WIRE)--Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has been named President. I look forward to working together to shape the bright future of Comcast.. A member of the Republican Party, Youngkin defeated former Democratic governor Terry McAuliffe in the 2021 Virginia gubernatorial election. 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. Enter your email address below to get our daily insider buying and selling report. Its an honor to work with Brian to lead this great company, Cavanagh added. 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. Comcast Corp. has promoted Mike Cavanagh to be the company's third president in its 59-year history. Oct. 12, 2022, 08:24 AM. 2023 The Hollywood Reporter, LLC. At Yale, he served as a non-trustee member of the Yale Corporation Committee on Investments before being appointed chairman of the committee. You can change your choices at any time by visiting your privacy controls. Mr. Cavanagh served as the Co-President and Co-Chief Operating Officer at The Carlyle Group LP since joining in April 2014. Mike Cavanagh (I) on IMDb: Movies, Tv, Celebrities, and more. We, Yahoo, are part of the Yahoo family of brands. They sold a total of 7,602,130 shares worth more than $22,410,930.47. Philadelphia, PA Comcast Corporation today announced that Mike Cavanagh has been named President. Cindy Ord/Getty Images Entertainment. He will remain Chief Financial Officer. Why? 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. . 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. Subscribe for full access to The Hollywood Reporter, The former banker is "only the third president in the companys 59-year history.". In the last twelve months, insiders at the cable giant sold shares 8 times. 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Previously he served as JPMorgan Chases CFO for six years, where he helped the company successfully navigate the financial crisis. In recent years, Comcast also has struggled to transition to streaming entertainment from broadcast television and cable-TV formats. Todays promotion will come as no surprise Mike is admired and trusted by those who know and work with him, Roberts said. PHILADELPHIA -- (BUSINESS WIRE)--Oct. 12, 2022-- Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has been named President. More from Deadline. 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. Athletes' ambitions don't end when they leave the field of play. Mike Cavanagh is now in his sixties and has no idea how that happened. The Brian Roberts-led Comcast. 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. Mike has a broad range of responsibilities, including overseeing all financial functions, corporate development, strategic planning, and corporate administration. (Podcast). Salary in 2022. 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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. It also provides communications services, including residential high-speed internet, phone, and wireless services. Comcast Corp. promoted Mike Cavanagh, a former Wall Street banker, to president of the Philadelphia telecom and entertainment company, the company said Wednesday. 2-min read PHILADELPHIA, March 01, 2023 -- ( BUSINESS WIRE )--Comcast Corporation today announced that Anand Kini has been named Executive Vice President, Corporate. 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. It also provides wireless and security and automation services to residential customers under the Xfinity brand. 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. 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 Cavanagh has been Comcast's chief financial officer since 2015. from the University of Chicago. It operates through the following segments: Cable Communications, Media, Studios, Theme Parks, and Sky. Cavanagh earned a B.A. https://oneofitslegs.org. The estimated Net Worth of Michael J Cavanagh is at least $34.5 Million dollars as of 17 March 2022. Executive Committee 24 hours a day, around the clock from around world... 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