He is the first executive outside the Roberts family to hold the title. Learn More about insider trades at Comcast. As Chief Financial Officer at COMCAST CORP, Michael J. Cavanagh made $27,356,996 in total compensation. There are 18 older and 3 younger executives at Comcast Corp. 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. Cavanagh serves on the Board of Trustees of Yale University and as chair of its investment committee. 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. 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. Since then Michael has changed 3 companies and 2 roles. Mike Cavanagh | Comcast. Todays promotion will come as no surprise Mike is admired and trusted by those who know and work with him, Roberts said. Comcast can also be reached via phone at (215) 286-1700. 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. Comcast has approximately 186,000 employees worldwide and $121 billion in annual revenue. Comcast Corporation Promotes Mike Cavanagh to President. 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. 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. All Rights Reserved. The Hollywood Reporter is a part of Penske Media Corporation. Burke sat on the JPMorgan board and knew Cavanagh through board presentations. Michael Cavanagh serves as Chief Financial Officer of Comcast Corporation. PHILADELPHIA -- (BUSINESS WIRE)--Oct. 12, 2022-- Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has been named President. Comcast Corporation is a global media and technology company with three primary businesses: Comcast Cable, NBCUniversal, and Sky. As the Sr. EVP & CFO of Comcast Co., Mr. Cavanagh earned a total compensation package of $369,489.00 in 2021. 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. Learn More on Michael J. Cavanagh's salary. 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 recent years, Comcast also has struggled to transition to streaming entertainment from broadcast television and cable-TV formats. 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. TV Shows. Michael J. Cavanagh serves as Chief Financial Officer, Senior Executive Vice President of the Company. 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. 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. BREAKING: Tiny biotech successfully treats blindness. He is the first executive outside the Roberts family to hold the title. I look forward to working together to shape the bright future of Comcast.. June 2016. edit data. Michael Cavanagh Work Experience and Education. 2023 Variety Media, LLC. 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 . 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 While Comcast stock price hasnt fallen as much as some of its Hollywood peers this year Warner Bros. 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. To zoom in, use [Ctrl] + [+] in Windows, and [Cmd] + [+] on a Mac. Oct. 12, 2022, 08:24 AM. Insiders at Comcast own 1.1% of the company. Last month, Comcasts board sought to bolster the companys stock by purchasing up to $20 billion in shares as investors sold them. In 2019 we welcomed three new members to our board, including a new representative of the Free Library of Philadelphia Foundation Board of Directors. 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). There are 18 older and 3 younger executives at Comcast Corp. Comcast Corporation has promoted Mike Cavanagh to president, making him the third person to occupy the role in the companys 59-year history. The Media segment consists of NBCUniversal's television and streaming platforms, including national, regional, and international cable networks. Mike has a broad range of responsibilities, including overseeing all financial functions, corporate development, strategic planning, and corporate administration. 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 . 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. 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. Dimon said in a statement Wednesday that Cavanagh led complex global businesses at JPMorgan Chase and served as our chief financial officer through the worst parts of the global financial crisis.. Burke was also friends with Jamie Dimon, JPMorgans chief executive and chairman. More from Deadline. Mike earned a B.A. 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. Comcast said on Wednesday that it has promoted chief financial officer Mike Cavanagh to the added role of president. Mr. Cavanagh joined Comcast as the companys Chief Financial Officer in 2015 after spending more than twenty years in the financial services industry. Mike also serves on the board of HealthVerity and is a member of the Council on Foreign Relations. Prior to entering politics, he spent 25 years at the private-equity firm the Carlyle Group . With his leadership, the company has expanded its reach significantly in the U.S. and globally, Comcast said. They peaked in August 2021 at about $60 a share. We, Yahoo, are part of the Yahoo family of brands. from the University of Chicago. 2023 The Hollywood Reporter, LLC. Mr. Cavanagh earned a B.A. Philadelphia, PA Comcast Corporation today announced that Mike Cavanagh has been named President. 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. Burke and Dimon attended Harvard Business School together, graduating in 1982. 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. Michael J. Cavanagh serves as Senior Executive Vice President and Chief Financial Officer of Comcast Corporation. Comcast named Michael J. Cavanagh as its chief financial officer Monday. What Could Elon Musk Possibly Be Thinking? 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. All Rights Reserved. Cavanagh was raised on Long Island in an Irish-Catholic family. He will remain Chief Financial Officer. Michael's mailing address filed with the SEC is ONE COMCAST CENTER, , PHILADELPHIA, PA, 19103. Movies. Mike also serves on the board of 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. 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. Mr. Cavanagh has served as the Chief Financial Officer of Comcast Corporation since July 2015. 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. New Comcast CFO says company must avoid complacency. Mike has brought incredible operational and financial expertise to Comcast and is an integral part of our special company. The Brian Roberts-led Comcast. Mike earned a B.A. 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 was 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 located in nearly 100 countries. . "With his leadership, the company has expanded its reach significantly in the U.S. and. Menu. from Yale University and a J.D. Comcast shares closed at $28.69 Wednesday, up 0.03%. 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. Bloomberg Daybreak Asia. With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the businesses and teams across the company. (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. Michael J. Cavanagh has not been actively trading shares of Comcast during the last quarter. Variety is a part of Penske Media Corporation. 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. You can change your choices at any time by visiting your privacy controls. He will continue to serve as chief. He will continue to act as Comcasts chief financial officer. Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has been named President. The Brian Roberts-led Comcast disclosed Dec. 30 that it entered into a new employment agreement with Cavanagh through the end of 2027. 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. In a banking career, Cavanagh rose to the top echelons of JPMorgan as co-CEO of JPMorgans corporate and investment bank. Learn More on Michael J. Cavanagh's trading history. 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. Mike joined Comcast in 2015 after spending more than 20 years in the financial services industry. 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. from the University of Chicago. 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. 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. 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. Mike has a broad range of responsibilities, partnering with Chairman and CEO Brian Roberts to manage all aspects of the business and corporate team. In the last twelve months, insiders at the cable giant sold shares 8 times. 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 Cavanagh, 56, has served as CFO since 2015 and will continue in that role in addition to his . Mike Cavanagh - @cjetnut. Learn More on Michael J. Cavanagh's contact information. Prior to that, he served as JPMorgan Chases CFO for six years, where he helped the company successfully navigate the financial crisis. 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. 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. 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. 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. The most active insiders traders include Brian L Roberts, Stephen B Burke, and David L Cohen. What's on TV & Streaming Top 250 TV Shows Most Popular TV Shows Browse TV Shows by Genre TV News India TV Spotlight. Public Records. Mike joined Comcast in 2015 after spending more than 20 years in the financial services industry. from Yale University and a J.D. Subscribe for full access to The Hollywood Reporter, The former banker is "only the third president in the companys 59-year history.". Due to a planned power outage on Friday, 1/14, between 8am-1pm PST, some services may be impacted. Currently, Michael Cavanagh works as a Chief Financial Officer at Comcast. 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