He is also a member of the firm's Operating Committee and Executive Committee. Mike joined Comcast in 2015 after spending more than 20 years in the financial services industry, primarily for JPMorganChase and the Carlyle Group. Comcast Corp. promoted Mike Cavanagh, a former Wall Street banker, to president of the Philadelphia telecom and entertainment company, the company said Wednesday. In this role, Mike co-headed all investment banking, cash management, investor services and the largest global markets and trading business in the world. . Cavanagh, 56, has served as CFO since 2015 and will continue in that role in addition to his . There are 18 older and 3 younger executives at Comcast Corp. 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. 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. 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 . The prices in other telecom and entertainment companies, among them Verizon, Walt Disney and Netflix, have also declined. He serves on the board of trustees of Yale and is chairman of its investment committee, which has more than $40 billion under management. Michael Cavanagh is 54, he's been the Chief Financial Officer and Senior Executive Vice President of Comcast Corp since 2015. Previously he served as JPMorgan Chases CFO for six years, where he helped the company successfully navigate the financial crisis. The most recent insider tranaction occured on February, 21st when Major Shareholder Corp Comcast sold 37,176 shares worth more than $75,467.28. 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. 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. We hope you'll join us in welcoming them to the board and The Rosenbach community. Gift this article. Public Records. 2023 Variety Media, LLC. (RTTNews) - Comcast Corp. (CMCSA) announced the appointment of Mike Cavanagh as President. 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. The most active insiders traders include Brian L Roberts, Stephen B Burke, and David L Cohen. Learn More on Michael J. Cavanagh's trading history. 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 global economy also faces a potential recession. In 2019 we welcomed three new members to our board, including a new representative of the Free Library of Philadelphia Foundation Board of Directors. https://oneofitslegs.org. 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. He will remain Chief Financial Officer. 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. You can see the complete history of Mr. Cavanagh stock trades at the bottom of the page. The Media segment consists of NBCUniversal's television and streaming platforms, including national, regional, and international cable networks. Learn More about insider trades at Comcast. 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Todays promotion will come as no surprise Mike is admired and trusted by those who know and work with him, said Roberts. 2023 The Hollywood Reporter, LLC. Learn More on Michael J. Cavanagh's trading history. News Wire Feed Light Reading 10/12/2022. Comcast can also be reached via phone at (215) 286-1700. Learn More on Michael J. Cavanagh's salary. Mike Cavanagh has been Comcast's chief financial officer since 2015. 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. Comcast Corporation (NASDAQ: CMCSA) on Oct. 12 announced that its present chief financial officer, Mike Cavanagh, has been named president of the company. Live from New York and Hong Kong, bringing you the essential stories from the close of the U.S. markets to the open of trading across Asia. Comcast Corporation has promoted Mike Cavanagh to president, making him the third person to occupy the role in the companys 59-year history. Comcast Corp. has promoted Mike Cavanagh to be the company's third president in its 59-year history. 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. 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. Since then Michael has changed 3 companies and 2 roles. Comcast said on Wednesday that it has promoted chief financial officer Mike Cavanagh to the added role of president. from the University of Chicago. Cavanagh joined Philadelphia-headquartered Comcast seven years ago as chief financial officer (CFO). 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. Learn More on Michael J. Cavanagh's contact information. Comcast Corporation has approximately 189,000 employees worldwide and $116 billion in annual revenue. Mr. Cavanagh joined Comcast as the companys Chief Financial Officer in 2015 after spending more than twenty years in the financial services industry. 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. 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 The oldest executive at Comcast Corp is MaritzaMontiel, 68, who is the Independent Director. Mike Cavanagh (I) on IMDb: Movies, Tv, Celebrities, and more. READ MORE: New Comcast CFO says company must avoid complacency [from 2015]. 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 has a broad range of responsibilities, partnering with Chairman and CEO Brian Roberts to manage all aspects of the business and corporate team. And no matter what his role, Mike has always acted with integrity and high character, combined with intelligence, passion and hard work. Mr. Cavanagh earned a B.A. PHILADELPHIA, Pa. - Comcast Corporation today announced that Mike Cavanagh has been named President. 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 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 came to Comcast after more than 20 years in the financial services industry. 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. There are 18 older and 3 younger executives at Comcast Corp. Salary in 2022. from Yale University and a J.D. Mike has brought incredible operational and financial expertise to Comcast and is an integral part of our special company. (Podcast). All Rights Reserved. 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. Mr. Cavanagh has served as the Chief Financial Officer of Comcast Corporation since July 2015. Prior to that, he served as JPMorgan Chases CFO for six years, where he helped the company successfully navigate the financial crisis. Live market coverage co-anchored from Hong Kong and New York. The Studios segment focuses on NBCUniversal's film and television studio production and distribution operations. Comcast said chief financial officer Mike Cavanagh has been promoted to president, working with chairman and CEO Brian Roberts. He also served as JPMorgan Chases CFO for six years helping steer the company to successfully navigate the financial crisis. Bloomberg Daybreak Asia. Mike joined Comcast seven years ago as Chief Financial Officer. I look forward to working together to shape the bright future of Comcast.. October 12, 2022. PHILADELPHIA--(BUSINESS WIRE)--Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has been named President. Mr. Cavanagh served as the Co-President and Co-Chief Operating Officer at The Carlyle Group LP since joining in April 2014. Prior to entering politics, he spent 25 years at the private-equity firm the Carlyle Group . from Yale University and a J.D. Cavanagh joined Philadelphia-headquartered Comcast seven years ago as chief financial officer (CFO). Mike also serves on the board of HealthVerity and is a member of the Council on Foreign Relations. The corporate mailing address for Mr. Cavanagh and other Comcast executives is One Comcast Center, Philadelphia PA, 19103. ', 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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They peaked in August 2021 at about $60 a share. Due to a planned power outage on Friday, 1/14, between 8am-1pm PST, some services may be impacted. Cindy Ord/Getty Images Entertainment. Michael J. Cavanagh has not been actively trading shares of Comcast during the last quarter. Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has been named President. 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. 2 min read Comcast Corporation Comcast Corporation announced Wednesday that Chief Financial Officer (CFO) Mike Cavanagh has been promoted to the added role of. 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. Comcast has approximately 186,000 employees worldwide and $121 billion in annual revenue. 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 Cavanaugh. Insiders at Comcast own 1.1% of the company. from the University of Chicago. All Rights Reserved. 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. Burke was also friends with Jamie Dimon, JPMorgans chief executive and chairman. 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 serves on the Board of Trustees of Yale and is Chairman of its Investment Committee, which has more than $40 billion under management. 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. 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. Mike has a broad range of responsibilities, including overseeing all financial functions, corporate development, strategic planning, and corporate administration. The company will report its full . Overnight on Wall Street is daytime in Asia. Most recently he exercised 53,400 units of CMCSA stock worth $1,956,042 on 17 March 2022. Enter your email address below to get our daily insider buying and selling report. "With his leadership, the company has expanded its reach significantly in the U.S. and. 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. Michael J. Cavanagh serves as Senior Executive Vice President and Chief Financial Officer of Comcast Corporation. The Theme Parks segment operates Universal theme parks in Orlando, Florida, Hollywood, California, Osaka, Japan, and Beijing, China. It also provides wireless and security and automation services to residential customers under the Xfinity brand. Cavanagh will be only the third president in the company's 59-year history. "With his leadership, the company has expanded its reach significantly in the U.S. and. He will remain Chief Financial Officer. He also serves on the board of software company HealthVerity and is a member of the Council on Foreign Relations. With his leadership, the company has expanded its reach significantly in the US and globally. Mike will be only the third President in the company's 59-year history. Michael Cavanagh Work Experience and Education. NBCUniversal parent Comcast has promoted CFO Mike Cavanagh to president, working closely with chairman-CEO Brian Roberts to manage the Mike Cavanagh | Black Dyke Band . With this promotion, Mike will work closely with Chairman and. Click Manage settings for more information and to manage your choices. Find out more about how we use your information in our privacy policy and cookie policy. 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. The estimated Net Worth of Michael J Cavanagh is at least $34.5 Million dollars as of 17 March 2022. Mike Cavanagh - @MikeCavanagh9. Information on this page was last updated on 2/21/2023. And we are both very focused on continuing to innovate and grow this wonderful company for all our employees, customers and guests., Sign up for THR news straight to your inbox every day. We have estimated Michael Cavanaugh's net worth , money, salary, income, and assets. 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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. from the University of Chicago. Philadelphia, PA Comcast Corporation 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. With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the businesses and teams across the company. Emily Cavanagh, Lisa Washington, and Gene LeFevre each bring their own expertise and passion for our mission. from Yale University and a J.D. Comcast Corp. engages in the provision of video, Internet, and phone services. The Brian Roberts-led Comcast disclosed Dec. 30 that it entered into a new employment agreement with Cavanagh through the end of 2027. Cavanaghs connection to Comcast can be traced through Steve Burke, a longtime Comcast executive and former head of NBCUniversal. He will remain chief financial officer. Mike joined the company seven years ago . Handpicked by Billy Joel to star in Movin' Out, Cavanaugh evokes a style rivaling the Piano Man. 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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. He also serves on the board of HealthVerity and is a member of the Council on Foreign Relations. 2-min read PHILADELPHIA, March 01, 2023 -- ( BUSINESS WIRE )--Comcast Corporation today announced that Anand Kini has been named Executive Vice President, Corporate. Brian Roberts, Comcast's chairman and CEO, had previously held the title of president. More from Deadline. What's on TV & Streaming Top 250 TV Shows Most Popular TV Shows Browse TV Shows by Genre TV News India TV Spotlight. The company was founded in 1963 and is headquartered in Philadelphia, PA. Comcast Corporation has approximately 189,000 employees worldwide and $116 billion in annual revenue. Comcast Corporation Promotes Mike Cavanagh to President. Athletes' ambitions don't end when they leave the field of play. JPMorgan came through the financial crisis of 2008-09 mostly unscathed. Comcast Corporation (NASDAQ:CMCSA) announced that current CFO Mike Cavanagh has been also named President.Mike will be the third President in the company's . Cavanagh has been finance chief of the media and technology company for the last seven years. 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 is only the third president in the companys 59-year history. Mike Cavanagh - @cjetnut. A member of the Republican Party, Youngkin defeated former Democratic governor Terry McAuliffe in the 2021 Virginia gubernatorial election. Previously, Cavanagh was CEO of the firm's Treasury & Securities Services division, Comcast said that it had already repurchased $9 billion worth this year. Mike joined Comcast in 2015 as the companys Chief Financial Officer after spending more than 20 years in the financial services industry. An Inquirer reporter since 1993, I report stories with an emphasis on enterprise, corporations, college debt, and features with a money angle. Hes an outstanding partner and together we are focused on continuing to create new and exciting opportunities for growth., Cavanagh cited the companys exceptional businesses with world-class executives, naming Sky CEO Dana Strong, Comcast Cable chief Dave Watson and NBCU chief executive Jeff Shell. Cavanagh earned a B.A. With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the . It also provides communications services, including residential high-speed internet, phone, and wireless services. 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. 2023 The Hollywood Reporter, LLC. Release Calendar Top 250 Movies Most Popular Movies Browse Movies by Genre Top Box Office Showtimes & Tickets Movie News India Movie Spotlight. 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. 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. Why? In the last twelve months, insiders at the cable giant sold shares 8 times. As Chief Financial Officer at COMCAST CORP, Michael J. Cavanagh made $27,356,996 in total compensation. Comcast named Michael J. Cavanagh as its chief financial officer Monday. The Brian Roberts-led Comcast. Mike has brought incredible operational and financial expertise to Comcast and is an integral part of our special company. 3 younger executives at Comcast Corp, Michael J. Cavanagh has not been actively trading shares of Comcast since. Group LP since joining in April 2014 shares 8 times us in welcoming them to the board the. Include Brian L Roberts, Comcast mike cavanagh comcast wife # x27 ; out, Cavanaugh evokes style... Third President in the U.S. and Yale University and a J.D shares 8 times brought incredible operational financial! Click manage settings for more information and to manage your choices employment with! On Wednesday that it has promoted chief financial Officer Mike Cavanagh to be the company has its. Of the firm & # x27 ; s chairman and CEO Brian L. 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