Subscribe for full access to The Hollywood Reporter. Eat steak, play golf, be happy! Comcast said it signed a new employment agreement with recently named president Michael Cavanagh that runs through December 31, 2027. 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. . from Yale and a J.D. He serves on the board of trustees of Yale and is chairman of its investment committee, which has more than $40 billion under management. He was the Co-CEO of JPMorgan Chase's . Michael Cavanagh is 54, he's been the Chief Financial Officer and Senior Executive Vice President of Comcast Corp since 2015. 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. 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 corporate mailing address for Mr. Cavanagh and other Comcast executives is One Comcast Center, Philadelphia PA, 19103. He joined Comcast in 2015 from The Carlyle Group, a global alternative asset manager, where he served as its Co-President and Co-Chief Operating Officer in New York. Mike joined the company seven years ago . He is from United States. "With his leadership, the company has expanded its reach significantly in the U.S. and. With this promotion, Mike will work closely with . Why? 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. 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. 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 joined Philadelphia-headquartered Comcast seven years ago as chief financial officer (CFO). There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. Mike joined Comcast in 2015 after spending more than 20 years in the financial services industry, primarily for JPMorganChase and the Carlyle Group. 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 . Burke and Dimon attended Harvard Business School together, graduating in 1982. It most recently tallied revenue of $29.85 billion in the third quarter of 2022, ending Sept. 30. The prices in other telecom and entertainment companies, among them Verizon, Walt Disney and Netflix, have also declined. Mike Cavanagh - @cjetnut. READ MORE: New Comcast CFO says company must avoid complacency [from 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. Mike will be only the third President in the companys 59-year history. from Yale University and a J.D. Comcast Corp. engages in the provision of video, Internet, and phone services. 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. Mike has a broad range of responsibilities, partnering with Chairman and CEO Brian Roberts to manage all aspects of the business and corporate team. They sold a total of 7,602,130 shares worth more than $22,410,930.47. 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. Cavanagh has been finance chief of the media and technology company for the last seven years. He will continue to serve as chief financial. Comcast named Michael J. Cavanagh as its chief financial officer Monday. 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. On average, Comcast Corp executives and independent directors trade stock every 9 days with the average trade being worth of $3,606,828. We, Yahoo, are part of the Yahoo family of brands. 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. 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 will remain Chief Financial Officer. All Rights Reserved. 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. He is a member of the Council on Foreign Relations and serves on the board of HealthVerity. 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. And no matter what his role, Mike has always acted with integrity and high character, combined with intelligence, passion and hard work. Comcast Launches 'Free This Week', Increasing Access To Streaming And Premium Network Fare For Xfinity X1 And . What Could Elon Musk Possibly Be Thinking? 2023 The Hollywood Reporter, LLC. He is the first executive outside the Roberts family to hold the title. Comcast Corporation Promotes Mike Cavanagh to President. Prior to that, he served as JPMorgan Chases CFO for six years, where he helped the company successfully navigate the financial crisis. Athletes' ambitions don't end when they leave the field of play. Before that he was co-CEO of JPMorgan Chases Corporate & Investment Bank from 2012 to 2014. Michael Cavanagh Work Experience and Education. 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. To zoom in, use [Ctrl] + [+] in Windows, and [Cmd] + [+] on a Mac. Cavanaugh, who has spent nearly his entire coaching career mentoring offensive linemen, spent the last three seasons as the . October 12, 2022. With his leadership, the company has expanded its reach significantly in the U.S. and globally, Comcast said. Mike came to Comcast after more than 20 years in the financial services industry. 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 will remain Chief Financial Officer. Mike came to Comcast after more than 20 years in the financial services industry. 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. 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 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 Cavanagh was raised on Long Island in an Irish-Catholic family. But a rogue trader in London in 2012 cost JPMorgan about $6 billion and brought regulators down on it. Mike has brought incredible operational and financial expertise to Comcast and is an integral part of our special company. Mr. Cavanagh served as the Co-President and Co-Chief Operating Officer at The Carlyle Group LP since joining in April 2014. (Podcast). (RTTNews) - Comcast Corp. (CMCSA) announced the appointment of Mike Cavanagh as President. You can change your choices at any time by visiting your privacy controls. Mike earned a B.A. Previously, Cavanagh was CEO of the firm's Treasury & Securities Services division, Comcast said chief financial officer Mike Cavanagh has been promoted to president, working with chairman and CEO Brian Roberts. We have estimated Michael Cavanaugh's net worth , money, salary, income, and assets. New Comcast CFO says company must avoid complacency. Comcast Corp. promoted Mike Cavanagh, a former Wall Street banker, to president of the Philadelphia telecom and entertainment company, the company said Wednesday. Live market coverage co-anchored from Hong Kong and New York. Comcast Corp. promoted Mike Cavanagh, a former Wall Street banker, to president of the Philadelphia telecom and entertainment company, the company said Wednesday. With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the . Mike joined Comcast seven years ago as Chief Financial Officer. With his leadership, the company has expanded its reach significantly in the US and globally. He joined the company from global alternative asset manager The Carlyle Group, where he was briefly co-president and co-chief operating officer. 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. Mike has a broad range of responsibilities, partnering with Chairman and CEO Brian Roberts to manage all aspects of the business and corporate team. You can see the complete history of Mr. Cavanagh stock trades at the bottom of the page. Variety and the Flying V logos are trademarks of Variety Media, LLC. Comcast said on Wednesday that it has promoted chief financial officer Mike Cavanagh to the added role of president. 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. The Brian Roberts-led Comcast. The Brian Roberts-led Comcast. Mike has a broad range of responsibilities, including overseeing all financial functions, corporate development, strategic planning, and corporate administration. Cavanagh, 56, has served as CFO since 2015 and will continue in that role in addition to his . He will remain Chief Financial Officer. He is also on the board of Yale University and Member of Council on Foreign Relations, Inc. Markets never sleep, and neither does Bloomberg. 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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