Comcast Corporation 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. Its an honor to work with Brian to lead this great company, Cavanagh added. 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. from Yale and a J.D. from the University of Chicago. And no matter what his role, Mike has always acted with integrity and high character, combined with intelligence, passion and hard work. Comcast said it signed a new employment agreement with recently named president Michael Cavanagh that runs through December 31, 2027. The oldest executive at Comcast Corp is MaritzaMontiel, 68, who is the Independent Director. The chief financial officer of the Philadelphia-headquartered conglomerate was given additional duties in October. Last month, Comcasts board sought to bolster the companys stock by purchasing up to $20 billion in shares as investors sold them. 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. 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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. We have estimated Michael Cavanaugh's net worth , money, salary, income, and assets. Mike Cavanagh is only the third president in the companys 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. Prior to entering politics, he spent 25 years at the private-equity firm the Carlyle Group . Mr. Cavanagh has a broad range of responsibilities, partnering with the Chairman and CEO to manage all aspects of the business and corporate team. 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. Comcast Corp. promoted Mike Cavanagh, a former Wall Street banker, to president of the Philadelphia telecom and entertainment company, the company said Wednesday. 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,. October 12, 2022. https://oneofitslegs.org. There are 18 older and 3 younger executives at Comcast Corp. 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. Michael Cavanagh serves as Chief Financial Officer of Comcast Corporation. Overnight on Wall Street is daytime in Asia. Michael J. Cavanagh serves as Chief Financial Officer, Senior Executive Vice President of the Company. Comcast Corp. promoted Mike Cavanagh, a former Wall Street banker, to president of the Philadelphia telecom and entertainment company, the company said Wednesday. Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has been named President. As Chief Financial Officer at COMCAST CORP, Michael J. Cavanagh made $27,356,996 in total compensation. Previously he served as JPMorgan Chases CFO for six years, where he helped the company successfully navigate the financial crisis. 2023 Variety Media, LLC. Gift this article. Variety is a part of Penske Media Corporation. Comcast Corporation has approximately 189,000 employees worldwide and $116 billion in annual revenue. 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. Michael J. Cavanagh has not been actively trading shares of Comcast during the last quarter. The most active insiders traders include Brian L Roberts, Stephen B Burke, and David L Cohen. Learn More on Michael J. Cavanagh's salary. Burke sat on the JPMorgan board and knew Cavanagh through board presentations. He'll. He is also a member of the firm's Operating Committee and Executive Committee. Variety and the Flying V logos are trademarks of Variety Media, LLC. Why? The corporate mailing address for Mr. Cavanagh and other Comcast executives is One Comcast Center, Philadelphia PA, 19103. 2023 The Hollywood Reporter, LLC. Mike joined Comcast in 2015 after spending more than 20 years in the financial services industry. 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Mr. Cavanagh joined Comcast as the companys Chief Financial Officer in 2015 after spending more than twenty years in the financial services industry. All Rights Reserved. We hope you'll join us in welcoming them to the board and The Rosenbach community. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. 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Jordan Meets Reporter at 'Creed III' Premiere Who 'Teased Him all the Time' in High School: 'I Was the Corny Kid, Right? Mike came to Comcast after more than 20 years in the financial services industry. All Rights Reserved. Show all results. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. On average, Comcast Corp executives and independent directors trade stock every 9 days with the average trade being worth of $3,606,828. The Hollywood Reporter is a part of Penske Media Corporation. Michael Cavanagh serves as President and Chief Financial Officer of Comcast Corporation. 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. Mike has a broad range of responsibilities, partnering with Chairman and CEO Brian Roberts to manage all aspects of the business and corporate team. 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. 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. The Brian Roberts-led Comcast. More from Deadline. Brian Roberts, Comcast's chairman and CEO, had previously held the title of president. With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the businesses and teams across the company. Comcast Corporation is a global media and technology company with three primary businesses: Comcast Cable, NBCUniversal, and Sky. 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. Learn More on Michael J. Cavanagh's trading history. In a banking career, Cavanagh rose to the top echelons of JPMorgan as co-CEO of JPMorgans corporate and investment bank. On average, Michael trades about 15,269 units every 52 days since 2012. To zoom out, use the keyboard shortcut [Ctrl] + [-] in Windows and [Cmd] + [-] on a Mac. READ MORE: New Comcast CFO says company must avoid complacency [from 2015]. He will remain Chief Financial Officer. Comcast said chief financial officer Mike Cavanagh has been promoted to president, working with chairman and CEO Brian Roberts. He serves on the Board of Trustees of Yale and is Chairman of its Investment Committee, which has more than $40 billion under management. Mike came to Comcast after more than 20 years in the financial services industry. Enter your email address below to get our daily insider buying and selling report. 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. $1 Million - $5 Million. Comcast Corporation Promotes Mike Cavanagh to President. Markets never sleep, and neither does Bloomberg. 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. He is also on the board of Yale University and Member of Council on Foreign Relations, Inc. Learn More on Michael J. Cavanagh's contact information. 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. Insiders at Comcast own 1.1% of the company. 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). Get notified the next time Michael J. Cavanagh buys or sells Comcast stock. The Theme Parks segment operates Universal theme parks in Orlando, Florida, Hollywood, California, Osaka, Japan, and Beijing, China. 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. Mike also serves on the board of HealthVerity and is a member of the Council on Foreign Relations. Michael Cavanagh Work Experience and Education. Mike joined Comcast seven years ago as Chief Financial Officer. Mike has brought incredible operational and financial expertise to Comcast and is an integral part of our special 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. The Brian Roberts-led Comcast. 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 will remain Chief Financial Officer. He also serves on the board of HealthVerity and is a member of the Council on Foreign Relations. 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. This chart shows Mr. Michael J. Cavanagh's buying and selling at Comcast by year and by quarter. Michael Cavanagh is 54, he's been the Chief Financial Officer and Senior Executive Vice President of Comcast Corp since 2015. 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. He was Co-CEO of JPMorgan Chase's Corporate & Investment Bank from 2012 to 2014, a global leader in its. Philadelphia, PA Comcast Corporation today announced that Mike Cavanagh has been named President. 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. The company will report its full . Michael J. Cavanagh serves as Senior Executive Vice President and Chief Financial Officer of Comcast Corporation. Learn More on Michael J. Cavanagh's contact information. Eat steak, play golf, be happy! The Media segment consists of NBCUniversal's television and streaming platforms, including national, regional, and international cable networks. In recent years, Comcast also has struggled to transition to streaming entertainment from broadcast television and cable-TV formats. from the University of Chicago. Cavanagh was raised on Long Island in an Irish-Catholic family. In 2019 we welcomed three new members to our board, including a new representative of the Free Library of Philadelphia Foundation Board of Directors. PHILADELPHIA -- (BUSINESS WIRE)--Oct. 12, 2022-- Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has been named President. Mike also serves on the board of HealthVerity and is a member of the Council on Foreign Relations. Todays promotion will come as no surprise Mike is admired and trusted by those who know and work with him, said Roberts. Mr. Cavanagh was appointed a successor trustee in 2020. There are 1 executives at Comcast Corp getting paid more, with BrianRoberts having the highest compensation of $36,370,200. With his leadership, the company has expanded its reach significantly in the US and globally. Mr. Cavanagh is also a director of Yum! Learn More on Michael J. Cavanagh's trading history. What's on TV & Streaming Top 250 TV Shows Most Popular TV Shows Browse TV Shows by Genre TV News India TV Spotlight. But a rogue trader in London in 2012 cost JPMorgan about $6 billion and brought regulators down on it. It also provides wireless and security and automation services to residential customers under the Xfinity brand. June 2016. edit data. Most recently he exercised 53,400 units of CMCSA stock worth $1,956,042 on 17 March 2022. Cavanagh, 56, has served as CFO since 2015 and will continue in that role in addition to his promotion to president. He also served as JPMorgan Chases CFO for six years helping steer the company to successfully navigate the financial crisis. Prior to that, he served as JPMorgan Chases CFO for six years, where he helped the company successfully navigate the financial crisis. 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. 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. 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. Cavanagh joined Philadelphia-headquartered Comcast seven years ago as chief financial officer (CFO). Cindy Ord/Getty Images Entertainment. Comcast reported revenue of $116.4 billion for fiscal year 2021. 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. He joined the company from global alternative asset manager The Carlyle Group, where he was briefly co-president and co-chief operating officer. Michael's mailing address filed with the SEC is ONE COMCAST CENTER, , PHILADELPHIA, PA, 19103. At Yale, he served as a non-trustee member of the Yale Corporation Committee on Investments before being appointed chairman of the committee. 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. Before that he was co-CEO of JPMorgan Chases Corporate & Investment Bank from 2012 to 2014. 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. 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. Track your investments 24 hours a day, around the clock from around the world. Awesome wife and daughter. Member Since. Mike Cavanagh - @cjetnut. 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. He lives with his wife, Julie, adult son Dan, and two black cats in Bateman's Bay, NSW. Comcast said that it had already repurchased $9 billion worth this year. Mike Cavanagh (I) on IMDb: Movies, Tv, Celebrities, and more. Comcast Corporation has promoted Mike Cavanagh to president, making him the third person to occupy the role in the company's 59-year history. TV Shows. Cavanagh joined Philadelphia-headquartered Comcast seven years ago as chief financial officer (CFO). Mike joined Comcast in 2015 after spending more than 20 years in the financial services industry, primarily for JPMorganChase and the Carlyle Group. 2 min read Comcast Corporation Comcast Corporation announced Wednesday that Chief Financial Officer (CFO) Mike Cavanagh has been promoted to the added role of. . With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the . He also serves on the board of software company HealthVerity and is a member of the Council on Foreign Relations. 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. He will remain chief financial officer. It operates through the following segments: Cable Communications, Media, Studios, Theme Parks, and Sky. Since then Michael has changed 3 companies and 2 roles. He will remain Chief Financial Officer. Mike Cavanagh has been Comcast's chief financial officer since 2015. 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