Before that he was co-CEO of JPMorgan Chases Corporate & Investment Bank from 2012 to 2014. 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. Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has been named President. And no matter what his role, Mike has always acted with integrity and high character, combined with intelligence, passion and hard work. from Yale and a J.D. The Brian Roberts-led Comcast. Mike Cavanagh - @MikeCavanagh9. Michael Cavanagh serves as President and Chief Financial Officer of Comcast Corporation. In this role, Mike co-headed all investment banking, cash management, investor services and the largest global markets and trading business in the world. The oldest executive at Comcast Corp is MaritzaMontiel, 68, who is the Independent Director. 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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. 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. Mike will be only the third President in the companys 59-year history. More from Deadline. Mike joined Comcast in 2015 after spending more than 20 years in the financial services industry. 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. PHILADELPHIA--(BUSINESS WIRE)--Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has been named President. He is a member of the Council on Foreign Relations and serves on the board of HealthVerity. Mr. Cavanagh is also a director of Yum! Oct. 12, 2022, 08:24 AM. As Chief Financial Officer at COMCAST CORP, Michael J. Cavanagh made $27,356,996 in total compensation. 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. 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. Comcast Comcast Corporation has promoted Mike Cavanagh to president, making him the third person to occupy the role in the company's 59-year history. Mike joined Comcast in 2015 after spending more than 20 years in the financial services industry. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. 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. from the University of Chicago. Mike has brought incredible operational and financial expertise to Comcast and is an integral part of our special company. On average, Michael trades about 15,269 units every 52 days since 2012. With this promotion, Mike will work closely with . 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. Its an honor to work with Brian to lead this great company, Cavanagh added. With this promotion, Mike will work closely with Chairman and. Michael J. Cavanagh serves as Senior Executive Vice President and Chief Financial Officer of Comcast Corporation. He is from United States. Memoir, Humor and Comedy, Romance. Mike has a broad range of responsibilities, including overseeing all financial functions, corporate development, strategic planning, and corporate administration. Mr. Cavanagh joined Comcast as the companys Chief Financial Officer in 2015 after spending more than twenty years in the financial services industry. Comcast Corp. promoted Mike Cavanagh, a former Wall Street banker, to president of the Philadelphia telecom and entertainment company, the company said Wednesday. (RTTNews) - Comcast Corp. (CMCSA) announced the appointment of Mike Cavanagh as President. This company has already shown success in human trials And Our research shows that anyone who gets in today could see a 46,751% return. There are 1 executives at Comcast Corp getting paid more, with BrianRoberts having the highest compensation of $36,370,200. 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. He also served as JPMorgan Chases CFO for six years helping steer the company to successfully navigate the financial crisis. Handpicked by Billy Joel to star in Movin' Out, Cavanaugh evokes a style rivaling the Piano Man. Comcast Corporation Promotes Mike Cavanagh to President. 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). He is the first executive outside the Roberts family to hold the title. He will continue to act as Comcasts chief financial officer. 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. He is also on the board of Yale University and Member of Council on Foreign Relations, Inc. He will remain Chief Financial Officer. . Mike has a broad range of responsibilities, including overseeing all financial functions, corporate development, strategic planning, and corporate administration. He serves on the Board of Trustees of Yale and is Chairman of its Investment Committee, which has more than $40 billion under management. Cavanagh joined Philadelphia-headquartered Comcast seven years ago as chief financial officer (CFO). Burke was also friends with Jamie Dimon, JPMorgans chief executive and chairman. Mr. Cavanagh earned a B.A. 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. Cindy Ord/Getty Images Entertainment. He also serves on the board of HealthVerity and is a member of the Council on Foreign Relations. Previously he served as JPMorgan Chases CFO for six years, where he helped the company successfully navigate the financial crisis. The estimated Net Worth of Michael J Cavanagh is at least $34.5 Million dollars as of 17 March 2022. The corporate mailing address for Mr. Cavanagh and other Comcast executives is One Comcast Center, Philadelphia PA, 19103. The Media segment consists of NBCUniversal's television and streaming platforms, including national, regional, and international cable networks. ', 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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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. Markets never sleep, and neither does Bloomberg. 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. Comcast Corporation has promoted Mike Cavanagh to president, making him the third person to occupy the role in the companys 59-year history. Mike came to Comcast after more than 20 years in the financial services industry. Comcast has approximately 186,000 employees worldwide and $121 billion in annual revenue. Comcast reported revenue of $116.4 billion for fiscal year 2021. . Mike also serves on the board of HealthVerity and is a member of the Council on Foreign Relations. . Release Calendar Top 250 Movies Most Popular Movies Browse Movies by Genre Top Box Office Showtimes & Tickets Movie News India Movie Spotlight. Mike also serves on the board of HealthVerity and is a member of the Council on Foreign Relations. What Could Elon Musk Possibly Be Thinking? Live market coverage co-anchored from Hong Kong and New York. With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the . 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. 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. Most recently he exercised 53,400 units of CMCSA stock worth $1,956,042 on 17 March 2022. New Comcast CFO says company must avoid complacency. The Brian Roberts-led Comcast. You can change your choices at any time by visiting your privacy controls. Mike Cavanagh has been Comcast's chief financial officer since 2015. Mr. Cavanagh has a broad range of responsibilities, partnering with the Chairman and CEO to manage all aspects of the business and corporate team. 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. Cavanagh, 56, has served as CFO since 2015 and will continue in that role in addition to his promotion to president. Comcast Corporation has approximately 189,000 employees worldwide and $116 billion in annual revenue. What's on TV & Streaming Top 250 TV Shows Most Popular TV Shows Browse TV Shows by Genre TV News India TV Spotlight. 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. Comcast Corp. engages in the provision of video, Internet, and phone services. Burke sat on the JPMorgan board and knew Cavanagh through board presentations. Brian Roberts, Comcast's chairman and CEO, had previously held the title of president. Mike earned a B.A. At Yale, he served as a non-trustee member of the Yale Corporation Committee on Investments before being appointed chairman of the committee. The oldest executive at Comcast Corp is Maritza Montiel, 68, who is the Independent Director. Comcast Corporation Promotes Mike Cavanagh to President Business Wire PHILADELPHIA -- October 12, 2022 Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has . Prior to entering politics, he spent 25 years at the private-equity firm the Carlyle Group . Comcast named Michael J. Cavanagh as its chief financial officer Monday. 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. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. Cavanagh was raised on Long Island in an Irish-Catholic family. NBCUniversal is global and operates news, entertainment and sports cable networks, the NBC and Telemundo broadcast networks, television production operations, television station groups, Universal Pictures, and Universal Parks and Resorts. 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. With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the businesses and teams across the company. Cavanagh came to the company seven years ago as the CFO following a stint as co-president and co-chief operating officer of private equity giant Carlyle Group. Track your investments 24 hours a day, around the clock from around the world. Show all results. Mike joined Comcast seven years ago as Chief Financial Officer. 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. 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. Mike joined the company seven years ago . Michael Cavanagh is 54, he's been the Chief Financial Officer and Senior Executive Vice President of Comcast Corp since 2015. 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. 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. Sky operates the Sky News broadcast network and sports and entertainment networks, produces original content, and has exclusive content rights. The Theme Parks segment operates Universal theme parks in Orlando, Florida, Hollywood, California, Osaka, Japan, and Beijing, China. Member Since. 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 . 2-min read PHILADELPHIA, March 01, 2023 -- ( BUSINESS WIRE )--Comcast Corporation today announced that Anand Kini has been named Executive Vice President, Corporate. According to ZoomInfo records, Michael Cavanagh's professional experience began in 2021. 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. Comcast Corporation today announced that Mike Cavanagh has been named President. Learn More From Comcast Careers Comcast Careers Blog How We Hire Our Culture FAQ The Hollywood Reporter is a part of Penske Media Corporation. Learn More on Michael J. Cavanagh's trading history. Michael J. Cavanagh serves as Chief Financial Officer, Senior Executive Vice President of the Company. In the last twelve months, insiders at the cable giant sold shares 8 times. Mr. Cavanagh has served as the Chief Financial Officer of Comcast Corporation since July 2015. Previously, Cavanagh was CEO of the firm's Treasury & Securities Services division, We have exceptional businesses with world-class executives in Dana, Dave, and Jeff and Im proud to call them my partners. Comcast said chief financial officer Mike Cavanagh has been promoted to president, working with chairman and CEO Brian Roberts. 2023 The Hollywood Reporter, LLC. Currently, Michael Cavanagh works as a Chief Financial Officer at Comcast. 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Michael J. Cavanagh has not been actively trading shares of Comcast during the last quarter. There are 18 older and 3 younger executives at Comcast Corp. Variety and the Flying V logos are trademarks of Variety Media, LLC. from Yale University and a J.D. He lives with his wife, Julie, adult son Dan, and two black cats in Bateman's Bay, NSW. 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. 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. 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 They sold a total of 7,602,130 shares worth more than $22,410,930.47. 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. 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. 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. from the University of Chicago. 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 President of Comcast Corporation, a Fortune 30 global media and technology company with three primary businesses: Comcast Cable, NBCUniversal, and Sky. Mike Cavanagh is only the third president in the companys 59-year history. As the Sr. EVP & CFO of Comcast Co., Mr. Cavanagh earned a total compensation package of $369,489.00 in 2021. It also provides communications services, including residential high-speed internet, phone, and wireless services. Michael Cavanagh serves as Chief Financial Officer of Comcast Corporation. 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. 2 min read Comcast Corporation Comcast Corporation announced Wednesday that Chief Financial Officer (CFO) Mike Cavanagh has been promoted to the added role of. 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. 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. 2023 Variety Media, LLC. He is also a member of the firm's Operating Committee and Executive Committee. The most recent insider tranaction occured on February, 21st when Major Shareholder Corp Comcast sold 37,176 shares worth more than $75,467.28. Burke and Dimon attended Harvard Business School together, graduating in 1982. Cavanaghs connection to Comcast can be traced through Steve Burke, a longtime Comcast executive and former head of NBCUniversal. By clicking Accept all you agree that Yahoo and our partners will process your personal information, and use technologies such as cookies, to display personalised ads and content, for ad and content measurement, audience insights, and product development. Not been actively trading shares of Comcast Corporation since July 2015 FAQ the Hollywood Reporter a! 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