Cavanagh, also the companys chief financial officer, has not been appointed to the board. Mike earned a B.A. 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. Mike has brought incredible operational and financial expertise to Comcast and is an integral part of our special company. While Comcast stock price hasnt fallen as much as some of its Hollywood peers this year Warner Bros. PHILADELPHIA--(BUSINESS WIRE)--Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has been named President. With this promotion, Mike will work closely with Chairman and. Currently, Michael Cavanagh works as a Chief Financial Officer at Comcast. He was the Co-CEO of JPMorgan Chase's . What Could Elon Musk Possibly Be Thinking? He also served as JPMorgan Chases CFO for six years helping steer the company to successfully navigate the financial crisis. 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. Memoir, Humor and Comedy, Romance. 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. 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. To zoom in, use [Ctrl] + [+] in Windows, and [Cmd] + [+] on a Mac. 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. Comcast Corporation has approximately 189,000 employees worldwide and $116 billion in annual revenue. READ MORE: New Comcast CFO says company must avoid complacency [from 2015]. . You can see the complete history of Mr. Cavanagh stock trades at the bottom of the page. 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. News Wire Feed Light Reading 10/12/2022. Mike Cavanagh (I) on IMDb: Movies, Tv, Celebrities, and more. Mike joined Comcast in 2015 after spending more than 20 years in the financial services industry, primarily for JPMorganChase and the Carlyle Group. 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. Comcast has approximately 186,000 employees worldwide and $121 billion in annual revenue. I look forward to working together to shape the bright future of Comcast.. 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. He will remain Chief Financial Officer. 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 In the last twelve months, insiders at the cable giant sold shares 8 times. With this promotion, Mike will work closely with . Genre. 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. Mr. Cavanagh joined Comcast as the companys Chief Financial Officer in 2015 after spending more than twenty years in the financial services industry. Variety is a part of Penske Media Corporation. 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. Cavanagh was raised on Long Island in an Irish-Catholic family. Learn More on Michael J. Cavanagh's trading history. He is also on the board of Yale University and Member of Council on Foreign Relations, Inc. In recent years, Comcast also has struggled to transition to streaming entertainment from broadcast television and cable-TV formats. Bloomberg Daybreak Asia. 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. 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. Mike Cavanagh is now in his sixties and has no idea how that happened. from Yale University and a J.D. Mike Cavanagh - @cjetnut. Menu. 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. 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. Eat steak, play golf, be happy! 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. 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 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. Mike has a broad range of responsibilities, including overseeing all financial functions, corporate development, strategic planning, and corporate administration. It operates through the following segments: Cable Communications, Media, Studios, Theme Parks, and Sky. Gift this article. 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. Get notified the next time Michael J. Cavanagh buys or sells Comcast stock. 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 . 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. All Rights Reserved. And no matter what his role, Mike has always acted with integrity and high character, combined with intelligence, passion and hard work. 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. 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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. 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. 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. 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. 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 Corp. engages in the provision of video, Internet, and phone services. ', 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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He will remain chief financial officer. 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. Michael J. Cavanagh serves as President Financial Officer of Comcast Corporation, a Fortune 30 global media and technology company with three primary businesses: Comcast Cable, NBCUniversal, and Sky. 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. "Athlete | Empire" presents the in-depth, intimate stories of these businesses, as told by the players themselves. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. TV Shows. 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. 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 this, he served as the Co-President and Co-Chief Operating Officer of Carlyle Group Management L.l.c., until May 8, 2015. We, Yahoo, are part of the Yahoo family of brands. Mike has a broad range of responsibilities, partnering with Chairman and CEO Brian Roberts to manage all aspects of the business and corporate team. The Studios segment focuses on NBCUniversal's film and television studio production and distribution operations. He is a member of the Council on Foreign Relations and serves on the board of HealthVerity. 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. He lives with his wife, Julie, adult son Dan, and two black cats in Bateman's Bay, NSW. Learn More on Michael J. Cavanagh's contact information. 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. 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