Todays promotion will come as no surprise Mike is admired and trusted by those who know and work with him, Roberts said. 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. 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. Mr. Cavanagh served as the Co-President and Co-Chief Operating Officer at The Carlyle Group LP since joining in April 2014. 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. "Athlete | Empire" presents the in-depth, intimate stories of these businesses, as told by the players themselves. 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. Track your investments 24 hours a day, around the clock from around the world. 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. As Chief Financial Officer at COMCAST CORP, Michael J. Cavanagh made $27,356,996 in total compensation. Learn More on Comcast's active insiders. At Yale, he served as a non-trustee member of the Yale Corporation Committee on Investments before being appointed chairman of the committee. Cavanagh, also the companys chief financial officer, has not been appointed to the board. Learn More on Michael J. Cavanagh's salary. Cavanagh earned a B.A. 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. 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. With his leadership, the company has expanded its reach significantly in the US and globally. 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. Markets never sleep, and neither does Bloomberg. Bloomberg Daybreak Asia. 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. 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. READ MORE: New Comcast CFO says company must avoid complacency [from 2015]. Michael J. Cavanagh works as Chief Financial Officer at Comcast Corporation. The company was founded in 1963 and is headquartered in Philadelphia, PA. 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. 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. JPMorgan came through the financial crisis of 2008-09 mostly unscathed. This chart shows Mr. Michael J. Cavanagh's buying and selling at Comcast by year and by quarter. 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. 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 . To zoom out, use the keyboard shortcut [Ctrl] + [-] in Windows and [Cmd] + [-] on a Mac. He was Co-CEO of JPMorgan Chase's Corporate & Investment Bank from 2012 to 2014, a global leader in its. 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. Mike earned a B.A. 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. 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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. As the Sr. EVP & CFO of Comcast Co., Mr. Cavanagh earned a total compensation package of $369,489.00 in 2021. Cavanagh joined Philadelphia-headquartered Comcast seven years ago as chief financial officer (CFO). Mr. Cavanagh has served as the Chief Financial Officer of Comcast Corporation since July 2015. Athletes' ambitions don't end when they leave the field of play. He is a member of the Council on Foreign Relations and serves on the board of HealthVerity. 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. 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 PHILADELPHIA--(BUSINESS WIRE)--Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has been named President. 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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? Net Worth in 2022. 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. Mike came to Comcast after more than 20 years in the financial services industry. Previously, Cavanagh was CEO of the firm's Treasury & Securities Services division, Overnight on Wall Street is daytime in Asia. Learn More on Michael J. Cavanagh's contact information. 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. The Brian Roberts-led Comcast disclosed Dec. 30 that it entered into a new employment agreement with Cavanagh through the end of 2027. (Podcast). 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. It also provides wireless and security and automation services to residential customers under the Xfinity brand. He is also a member of the firm's Operating Committee and Executive Committee. Currently, Michael Cavanagh works as a Chief Financial Officer at Comcast. 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. "With his leadership, the company has expanded its reach significantly in the U.S. and. Mike Cavanagh (I) on IMDb: Movies, Tv, Celebrities, and more. Subscribe for full access to The Hollywood Reporter, The former banker is "only the third president in the companys 59-year history.". 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 was raised on Long Island in an Irish-Catholic family. 2023 Variety Media, LLC. Cavanaghs promotion takes place at a tenuous time for Comcast with its stock price declining considerably over the last year as it looks for new areas of growth and lags in entertainment streaming. Mr. Cavanagh joined Comcast as the companys Chief Financial Officer in 2015 after spending more than twenty years in the financial services industry. 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. He serves on the board of trustees of Yale and is chairman of its investment committee, which has more than $40 billion under management. BREAKING: Tiny biotech successfully treats blindness. In the last twelve months, insiders at the cable giant sold shares 8 times. We hope you'll join us in welcoming them to the board and The Rosenbach community. An Inquirer reporter since 1993, I report stories with an emphasis on enterprise, corporations, college debt, and features with a money angle. Genre. Cavanagh will be only the third president in the company's 59-year history. In 2019 we welcomed three new members to our board, including a new representative of the Free Library of Philadelphia Foundation Board of Directors. There are 18 older and 3 younger executives at Comcast Corp. New Comcast CFO says company must avoid complacency. 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. Mr. Cavanagh is also a director of Yum! They peaked in August 2021 at about $60 a share. Comcast Corp. has promoted Mike Cavanagh to be the company's third president in its 59-year history. He was Co-CEO of JPMorgan Chase's Corporate & Investment Bank from 2012 to 2014, a global leader in its. Get notified the next time Michael J. Cavanagh buys or sells Comcast stock. Cavanagh, 56, has served as CFO since 2015 and will continue in that role in addition to his . 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. Find out more about how we use your information in our privacy policy and cookie policy. Michael Cavanagh serves as Chief Financial Officer of Comcast Corporation. He will continue to serve as chief. 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. 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). 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 . $1 Million - $5 Million. With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the businesses and teams across the company. He joined the company from global alternative asset manager The Carlyle Group, where he was briefly co-president and co-chief operating officer. Comcast Corporation has promoted Mike Cavanagh to president, making him the third person to occupy the role in the company's 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. Mike has brought incredible operational and financial expertise to Comcast and is an integral part of our special company. He also serves on the board of HealthVerity and is a member of the Council on Foreign Relations. 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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. 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. Mike will be only the third President in the companys 59-year history. The most recent insider tranaction occured on February, 21st when Major Shareholder Corp Comcast sold 37,176 shares worth more than $75,467.28. What Could Elon Musk Possibly Be Thinking? According to ZoomInfo records, Michael Cavanagh's professional experience began in 2021. He is also on the board of Yale University and Member of Council on Foreign Relations, Inc. The corporate mailing address for Mr. Cavanagh and other Comcast executives is One Comcast Center, Philadelphia PA, 19103. 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 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. 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. . 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. Handpicked by Billy Joel to star in Movin' Out, Cavanaugh evokes a style rivaling the Piano Man. Member Since. There are 18 older and 3 younger executives at Comcast Corp. It operates through the following segments: Cable Communications, Media, Studios, Theme Parks, and Sky. Comcast Corporation Promotes Mike Cavanagh to President Business Wire PHILADELPHIA -- October 12, 2022 Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has . 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. Oct. 12, 2022, 08:24 AM. Comcast can also be reached via phone at (215) 286-1700. Comcast Launches 'Free This Week', Increasing Access To Streaming And Premium Network Fare For Xfinity X1 And . Todays promotion will come as no surprise Mike is admired and trusted by those who know and work with him, said Roberts. Prior to entering politics, he spent 25 years at the private-equity firm the Carlyle Group . 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. Cavanaghs connection to Comcast can be traced through Steve Burke, a longtime Comcast executive and former head of NBCUniversal. The Media segment consists of NBCUniversal's television and streaming platforms, including national, regional, and international cable networks. Cavanagh serves on the Board of Trustees of Yale University and as chair of its investment committee. Mike came to Comcast after more than 20 years in the financial services industry. (RTTNews) - Comcast Corp. (CMCSA) announced the appointment of Mike Cavanagh as President. 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. He will remain Chief Financial Officer. from Yale University and a J.D. Mike joined Comcast in 2015 as the companys Chief Financial Officer after spending more than 20 years in the financial services industry. 2-min read PHILADELPHIA, March 01, 2023 -- ( BUSINESS WIRE )--Comcast Corporation today announced that Anand Kini has been named Executive Vice President, Corporate. 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. 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 Corp. promoted Mike Cavanagh, a former Wall Street banker, to president of the Philadelphia telecom and entertainment company, the company said Wednesday. We have exceptional businesses with world-class executives in Dana, Dave, and Jeff and Im proud to call them my partners. Live market coverage co-anchored from Hong Kong and New York. He will remain chief financial officer. Emily Cavanagh, Lisa Washington, and Gene LeFevre each bring their own expertise and passion for our mission. While Comcast stock price hasnt fallen as much as some of its Hollywood peers this year Warner Bros. Brian Roberts, Comcast's chairman and CEO, had previously held the title of president. Michael Cavanagh serves as President and Chief Financial Officer of Comcast Corporation. Mike Cavanagh - @MikeCavanagh9. On average, Comcast Corp executives and independent directors trade stock every 9 days with the average trade being worth of $3,606,828. Michael J. Cavanagh has not been actively trading shares of Comcast during the last quarter. 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. He'll. What's on TV & Streaming Top 250 TV Shows Most Popular TV Shows Browse TV Shows by Genre TV News India TV Spotlight. Variety is a part of Penske Media Corporation. 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. The Studios segment focuses on NBCUniversal's film and television studio production and distribution operations. 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. Cavanagh said in a statement that he looks forward to working together to shape the bright future of Comcast. He was compensated $27.4 million last year. 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. October 12, 2022. in News. All Rights Reserved. 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. 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. Comcast Corporation Promotes Mike Cavanagh to President. October 12, 2022. All Rights Reserved. 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. He was the Co-CEO of JPMorgan Chase's . A member of the Republican Party, Youngkin defeated former Democratic governor Terry McAuliffe in the 2021 Virginia gubernatorial election. 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. Hes an outstanding partner, and together we are focused on continuing to create new and exciting opportunities for growth., Said Cavanagh: Its an honor to work with Brian to lead this great company. Michael Cavanagh Work Experience and Education. 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. Awesome wife and daughter. Michael Cavanagh is 54, he's been the Chief Financial Officer and Senior Executive Vice President of Comcast Corp since 2015. 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. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the . 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. Philadelphia, PA Comcast Corporation today announced that Mike Cavanagh has been named President. 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