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 this role, Mike co-headed all investment banking, cash management, investor services and the largest global markets and trading business in the world. PHILADELPHIA -- (BUSINESS WIRE)--Oct. 12, 2022-- Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has been named President. With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the businesses and teams across the company. What's on TV & Streaming Top 250 TV Shows Most Popular TV Shows Browse TV Shows by Genre TV News India TV Spotlight. The Theme Parks segment operates Universal theme parks in Orlando, Florida, Hollywood, California, Osaka, Japan, and Beijing, China. He is the first executive outside the Roberts family to hold the title. Mike Cavanagh - @MikeCavanagh9. I look forward to working together to shape the bright future of Comcast., Cavanagh joined Philadelphia-headquartered Comcast seven years ago as chief financial officer (CFO). The most active insiders traders include Brian L Roberts, Stephen B Burke, and David L Cohen. He also serves on the board of HealthVerity and is a member of the Council on Foreign Relations. from Yale University and a J.D. 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. 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. ', 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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Mike joined Comcast in 2015 as the companys Chief Financial Officer after spending more than 20 years in the financial services industry. 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. An Inquirer reporter since 1993, I report stories with an emphasis on enterprise, corporations, college debt, and features with a money angle. With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the businesses and teams across the company. We hope you'll join us in welcoming them to the board and The Rosenbach community. Learn More From Comcast Careers Comcast Careers Blog How We Hire Our Culture FAQ The most recent insider tranaction occured on February, 21st when Major Shareholder Corp Comcast sold 37,176 shares worth more than $75,467.28. 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. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. 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. 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. Show all results. Mr. Cavanagh is also a director of Yum! (Podcast). 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. Learn More about insider trades at Comcast. It operates through the following segments: Cable Communications, Media, Studios, Theme Parks, and Sky. Philadelphia, PA Comcast Corporation today announced that Mike Cavanagh has been named President. To zoom in, use [Ctrl] + [+] in Windows, and [Cmd] + [+] on a Mac. Comcast said that it had already repurchased $9 billion worth this year. Net Worth in 2022. Mike Cavanagh is now in his sixties and has no idea how that happened. Mike will be only the third President in the companys 59-year history. . 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 is a friend, and I congratulate him on his new role at Comcast., Sign up for THR news straight to your inbox every day. Overnight on Wall Street is daytime in Asia. Insiders at Comcast own 1.1% of the company. Brian Roberts, Comcast's chairman and CEO, had previously held the title of president. Mike will be only the third President in the company's 59-year history. Markets never sleep, and neither does Bloomberg. The company will report its full . 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. While Comcast stock price hasnt fallen as much as some of its Hollywood peers this year Warner Bros. 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. 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. There are 1 executives at Comcast Corp getting paid more, with BrianRoberts having the highest compensation of $36,370,200. Cavanagh joined Philadelphia-headquartered Comcast seven years ago as chief financial officer (CFO). New Comcast CFO says company must avoid complacency. He is also a member of the firm's Operating Committee and Executive Committee. October 12, 2022. in News. 2023 The Hollywood Reporter, LLC. Learn More on Michael J. Cavanagh's trading history. Cavanaugh, who has spent nearly his entire coaching career mentoring offensive linemen, spent the last three seasons as the . Gift this article. He is a member of the Council on Foreign Relations and serves on the board of HealthVerity. Michael J. Cavanagh works as Chief Financial Officer at Comcast Corporation. As Chief Financial Officer at COMCAST CORP, Michael J. Cavanagh made $27,356,996 in total compensation. Burke and Dimon attended Harvard Business School together, graduating in 1982. Comcast can also be reached via phone at (215) 286-1700. There are 18 older and 3 younger executives at Comcast Corp. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. 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. 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 Cavanagh | Comcast. 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. 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. Comcast Corporation has approximately 189,000 employees worldwide and $116 billion in annual revenue. Eat steak, play golf, be happy! Subscribe for full access to The Hollywood Reporter. from the University of Chicago. We, Yahoo, are part of the Yahoo family of brands. Michael J. Cavanagh has not been actively trading shares of Comcast during the last quarter. Learn More on Comcast's active insiders. from Yale and a J.D. 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. 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. Member Since. 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 J. Cavanagh serves as Chief Financial Officer, Senior Executive Vice President of the Company. Comcast reported revenue of $116.4 billion for fiscal year 2021. With his leadership, the company has expanded its reach significantly in the US and globally. 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. 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. They sold a total of 7,602,130 shares worth more than $22,410,930.47. Cavanagh was raised on Long Island in an Irish-Catholic family. Mike also serves on the board of HealthVerity and is a member of the Council on Foreign Relations. Cindy Ord/Getty Images Entertainment. The Hollywood Reporter is a part of Penske Media Corporation. 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