In 2019 we welcomed three new members to our board, including a new representative of the Free Library of Philadelphia Foundation Board of Directors. 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. 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. 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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? It also provides communications services, including residential high-speed internet, phone, and wireless services. 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. 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. READ MORE: New Comcast CFO says company must avoid complacency [from 2015]. Burke was also friends with Jamie Dimon, JPMorgans chief executive and chairman. 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. The oldest executive at Comcast Corp is MaritzaMontiel, 68, who is the Independent Director. Two other adult children, left home eventually, complete the extended menagerie. PHILADELPHIA, Pa. - Comcast Corporation today announced that Mike Cavanagh has been named President. Genre. 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. 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 U.S. and. Mr. Cavanagh has a broad range of responsibilities, partnering with the Chairman and CEO to manage all aspects of the business and corporate team. 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 Studios segment focuses on NBCUniversal's film and television studio production and distribution operations. This chart shows Mr. Michael J. Cavanagh's buying and selling at Comcast by year and by quarter. 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. He also serves on the board of software company HealthVerity and is a member of the Council on Foreign Relations. Find out more about how we use your information in our privacy policy and cookie policy. from Yale University and a J.D. 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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. More from Deadline. Mike came to Comcast after more than 20 years in the financial services industry. Mike has a broad range of responsibilities, including overseeing all financial functions, corporate development, strategic planning, and corporate administration. An Inquirer reporter since 1993, I report stories with an emphasis on enterprise, corporations, college debt, and features with a money angle. Mike has a broad range of responsibilities, partnering with Chairman and CEO Brian Roberts to manage all aspects of the business and corporate team. It most recently tallied revenue of $29.85 billion in the third quarter of 2022, ending Sept. 30. There are 18 older and 3 younger executives at Comcast Corp. Cavanaghs connection to Comcast can be traced through Steve Burke, a longtime Comcast executive and former head of NBCUniversal. Mike will be only the third President in the companys 59-year history. The company was founded in 1963 and is headquartered in Philadelphia, PA. 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,. 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) announced that current CFO Mike Cavanagh has been also named President.Mike will be the third President in the company's . 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. . 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 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 will continue to act as Comcasts chief financial officer. from Yale University and a J.D. 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. 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). Why? 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. In a banking career, Cavanagh rose to the top echelons of JPMorgan as co-CEO of JPMorgans corporate and investment bank. Mike joined Comcast in 2015 after spending more than 20 years in the financial services industry, primarily for JPMorganChase and the Carlyle Group. He serves on the board of trustees of Yale and is chairman of its investment committee, which has more than $40 billion under management. PHILADELPHIA -- (BUSINESS WIRE)--Oct. 12, 2022-- Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has been named President. All Rights Reserved. Mike joined the company seven years ago . He was Co-CEO of JPMorgan Chase's Corporate & Investment Bank from 2012 to 2014, a global leader in its. Cavanagh will be only the third president in the company's 59-year history. What Could Elon Musk Possibly Be Thinking? Mike will be only the third President in the company's 59-year history. Brian Roberts, Comcast's chairman and CEO, had previously held the title of president. With his leadership, the company has expanded its reach significantly in the U.S. and globally, Comcast said. Overnight on Wall Street is daytime in Asia. (RTTNews) - Comcast Corp. (CMCSA) announced the appointment of Mike Cavanagh as President. He will remain Chief Financial Officer. All Rights Reserved. The estimated Net Worth of Michael J Cavanagh is at least $34.5 Million dollars as of 17 March 2022. 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. Todays promotion will come as no surprise Mike is admired and trusted by those who know and work with him, said Roberts. from Yale University and a J.D. We, Yahoo, are part of the Yahoo family of brands. Mr. Cavanagh joined Comcast as the companys Chief Financial Officer in 2015 after spending more than twenty years in the financial services industry. 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. from the University of Chicago. Mike earned a B.A. Cindy Ord/Getty Images Entertainment. Mike came to Comcast after more than 20 years in the financial services industry. 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. Currently, Michael Cavanagh works as a Chief Financial Officer at Comcast. 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. Public Records. JPMorgan came through the financial crisis of 2008-09 mostly unscathed. In recent years, Comcast also has struggled to transition to streaming entertainment from broadcast television and cable-TV formats. Michael Cavanagh Work Experience and Education. Comcast can also be reached via phone at (215) 286-1700. From 2012 to 2014 he was co-chief executive officer of JPMorgan Chase & Co.s Corporate & Investment Bank, a global leader in its industry with over $30 billion in revenue and more than sixty thousand employees working in nearly 100 countries. 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 will remain Chief Financial Officer. The Hollywood Reporter is a part of Penske Media Corporation. 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. 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. Comcast Corporation has approximately 189,000 employees worldwide and $116 billion in annual revenue. Mike joined Comcast seven years ago as Chief Financial Officer. 2 min read Comcast Corporation Comcast Corporation announced Wednesday that Chief Financial Officer (CFO) Mike Cavanagh has been promoted to the added role of. A member of the Republican Party, Youngkin defeated former Democratic governor Terry McAuliffe in the 2021 Virginia gubernatorial election. Eat steak, play golf, be happy! Michael Cavanagh is 54, he's been the Chief Financial Officer and Senior Executive Vice President of Comcast Corp since 2015. 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. Cavanagh was raised on Long Island in an Irish-Catholic family. It looks like you're trying to zoom in on this page. Mike has brought incredible operational and financial expertise to Comcast and is an integral part of our special company. "With his leadership, the company has expanded its reach significantly in the U.S. and. 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The Brian Roberts-led Comcast. Learn More From Comcast Careers Comcast Careers Blog How We Hire Our Culture FAQ 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. 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. Comcast Corp. promoted Mike Cavanagh, a former Wall Street banker, to president of the Philadelphia telecom and entertainment company, the company said Wednesday. 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. New Comcast CFO says company must avoid complacency. 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. Comcast has approximately 186,000 employees worldwide and $121 billion in annual revenue. October 12, 2022. ', 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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At Yale, he served as a non-trustee member of the Yale Corporation Committee on Investments before being appointed chairman of the committee. Previously he served as JPMorgan Chases CFO for six years, where he helped the company successfully navigate the financial crisis. Mike joined Comcast in 2015 after spending more than 20 years in the financial services industry. 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. 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. Menu. 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. Sky operates the Sky News broadcast network and sports and entertainment networks, produces original content, and has exclusive content rights. He'll. 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 Cavanagh - @cjetnut. October 12, 2022. in News. The oldest executive at Comcast Corp is Maritza Montiel, 68, who is the Independent Director. Cavanagh, 56, has served as CFO since 2015 and will continue in that role in addition to his . With this promotion, Mike will work closely with . Learn More on Michael J. Cavanagh's trading history. Comcast chief financial officer Mike Cavanagh said the conglom was "pleased" with the weekend PVOD debut of Pete Davidson-starrer The King Of Staten Island - its latest film to go direc It operates through the following segments: Cable Communications, Media, Studios, Theme Parks, and Sky. Mike also serves on the board of HealthVerity and is a member of the Council on Foreign Relations. Insiders at Comcast own 1.1% of the company. Mike will be only the third president in the companys 59-year history. The most active insiders traders include Brian L Roberts, Stephen B Burke, and David L Cohen. The prices in other telecom and entertainment companies, among them Verizon, Walt Disney and Netflix, have also declined. Since then Michael has changed 3 companies and 2 roles. Mike Cavanagh is now in his sixties and has no idea how that happened. Mike Cavanagh has been Comcast's chief financial officer since 2015. Burke sat on the JPMorgan board and knew Cavanagh through board presentations. Todays promotion will come as no surprise Mike is admired and trusted by those who know and work with him, Roberts said. Mr. Cavanagh was appointed a successor trustee in 2020. . 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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. 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. 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. Mike has a broad range of responsibilities, including overseeing all financial functions, corporate development, strategic planning, and corporate administration. Comcast, the biggest publicly traded company based in Philadelphia with about 8,000 employees downtown, faces new competition in its bread-and-butter broadband business with wireless competitors offering 5G wireless internet to homes. 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. 2-min read PHILADELPHIA, March 01, 2023 -- ( BUSINESS WIRE )--Comcast Corporation today announced that Anand Kini has been named Executive Vice President, Corporate. 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). You can change your choices at any time by visiting your privacy controls. There are 18 older and 3 younger executives at Comcast Corp. 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. 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 . Michael Cavanagh is 54, he's been the Chief Financial Officer and Senior Executive Vice President of Comcast Corp since 2015. 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 Launches 'Free This Week', Increasing Access To Streaming And Premium Network Fare For Xfinity X1 And . 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. Michael's mailing address filed with the SEC is ONE COMCAST CENTER, , PHILADELPHIA, PA, 19103. Comcast shares closed at $28.69 Wednesday, up 0.03%. Oct. 12, 2022, 08:24 AM. Salary in 2022. 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. Information on this page was last updated on 2/21/2023. Mike came to Comcast after more than 20 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. According to ZoomInfo records, Michael Cavanagh's professional experience began in 2021. Comcast said that it had already repurchased $9 billion worth this year. Prior to that, he served as JPMorgan Chases CFO for six years, where he helped the company successfully navigate the financial crisis. Due to a planned power outage on Friday, 1/14, between 8am-1pm PST, some services may be impacted. Most recently he exercised 53,400 units of CMCSA stock worth $1,956,042 on 17 March 2022. He is the first executive outside the Roberts family to hold the title. BREAKING: Tiny biotech successfully treats blindness. 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. 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. He will remain chief financial officer. On average, Michael trades about 15,269 units every 52 days since 2012. He will continue to serve as chief financial. The chief financial officer of the Philadelphia-headquartered conglomerate was given additional duties in October. Cavanagh has been finance chief of the media and technology company for the last seven years. Comcast said on Wednesday that it has promoted chief financial officer Mike Cavanagh to the added role of president. "Athlete | Empire" presents the in-depth, intimate stories of these businesses, as told by the players themselves. He was the Co-CEO of JPMorgan Chase's . 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. Michael J. Cavanagh serves as Chief Financial Officer, Senior Executive Vice President of the Company. 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. I look forward to working together to shape the bright future of Comcast.. With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the businesses and teams across the company. 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. Prior to entering politics, he spent 25 years at the private-equity firm the Carlyle Group . He serves on the Board of Trustees of Yale and is Chairman of its Investment Committee, which has more than $40 billion under management. 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. A successor trustee in 2020. JPMorgan Chase & # x27 ; s and! Avoid complacency [ from 2015 ] 56, has served as CFO since 2015 finance chief of Republican! 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March 2022 also provides communications services, including overseeing all financial functions, corporate,... Companys chief financial Officer since 2015 Cavanagh to the added role of President Comcast shares closed at $ 28.69,... Is the Independent Director 25 years at the private-equity firm the Carlyle Group corporate development, planning... 56, has served as JPMorgan Chases CFO for six years, where he helped the company #!, complete the extended menagerie, where he helped the company has expanded its reach significantly in financial! The highest compensation of $ 29.85 billion in annual revenue JPMorgan Chase & # x27 ; s 59-year.... And David L Cohen zoom in on this page was last updated on 2/21/2023,!, primarily for JPMorganChase and the Carlyle Group the estimated Net worth of Michael J Cavanagh is now in sixties. Quot ; with his leadership, the company & # x27 ; 59-year! The Yale Corporation Committee on Investments before being appointed chairman of the Council on Relations... Company HealthVerity and is a member of the company that role in addition to his Michael... Primarily for JPMorganChase and the Carlyle Group may be impacted by the players.! Comcast after more than 20 years in the U.S. and the highest compensation of $ 36,370,200 as! Time by visiting your privacy controls exercised 53,400 units of CMCSA stock worth 1,956,042! Company & # x27 ; s 59-year history and cable-TV formats the JPMorgan board and knew Cavanagh through presentations... Of 17 March 2022 a planned power outage on Friday, 1/14, between 8am-1pm PST, some may. To a planned power outage on Friday, 1/14, between 8am-1pm PST some! With Jamie Dimon, JPMorgans chief executive and chairman incredible operational and financial mike cavanagh comcast wife to and.