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. Brian Roberts, Comcast's chairman and CEO, had previously held the title of president. But a rogue trader in London in 2012 cost JPMorgan about $6 billion and brought regulators down on it. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. 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. There are 1 executives at Comcast Corp getting paid more, with BrianRoberts having the highest compensation of $36,370,200. He is also a member of the firm's Operating Committee and Executive Committee. 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. Mike Cavanagh (I) on IMDb: Movies, Tv, Celebrities, and more. Last month, Comcasts board sought to bolster the companys stock by purchasing up to $20 billion in shares as investors sold them. PHILADELPHIA -- (BUSINESS WIRE)--Oct. 12, 2022-- Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has been named President. 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. Mike Cavanagh has been Comcast's chief financial officer since 2015. With his leadership, the company has expanded its reach significantly in the U.S. and globally, Comcast said. . With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the businesses and teams across the company. Due to a planned power outage on Friday, 1/14, between 8am-1pm PST, some services may be impacted. Information on this page was last updated on 2/21/2023. 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. 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. Mike joined Comcast seven years ago as Chief Financial Officer. (Podcast). Memoir, Humor and Comedy, Romance. 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). Subscribe for full access to The Hollywood Reporter, The former banker is "only the third president in the companys 59-year history.". We hope you'll join us in welcoming them to the board and The Rosenbach community. Comcast Corporation Promotes Mike Cavanagh to President. BREAKING: Tiny biotech successfully treats blindness. 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. 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. 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. 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. 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. has promoted Mike Cavanagh to be the company's third president in its 59-year history. Public Records. It also provides wireless and security and automation services to residential customers under the Xfinity brand. October 12, 2022. in News. We have estimated Michael Cavanaugh's net worth , money, salary, income, and assets. Learn More on Michael J. Cavanagh's contact information. 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. He is the first executive outside the Roberts family to hold the title. He serves on the Board of Trustees of Yale and is Chairman of its Investment Committee. Comcast Corporation has promoted Mike Cavanagh to president, making him the third person to occupy the role in the company's 59-year history. from the University of Chicago. The most recent insider tranaction occured on February, 21st when Major Shareholder Corp Comcast sold 37,176 shares worth more than $75,467.28. The chief financial officer of the Philadelphia-headquartered conglomerate was given additional duties in October. All Rights Reserved. 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. Cindy Ord/Getty Images Entertainment. Learn More on Michael J. Cavanagh's trading history. 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 most active insiders traders include Brian L Roberts, Stephen B Burke, and David L Cohen. Most recently he exercised 53,400 units of CMCSA stock worth $1,956,042 on 17 March 2022. All Rights Reserved. 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. Michael Cavanagh is 54, he's been the Chief Financial Officer and Senior Executive Vice President of Comcast Corp since 2015. Michael J. Cavanagh works as Chief Financial Officer at Comcast Corporation. Before that he was co-CEO of JPMorgan Chases Corporate & Investment Bank from 2012 to 2014. 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 from the University of Chicago. 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. Mike joined the company seven years ago . With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the businesses and teams across the company. 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. 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. 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. Mike has brought incredible operational and financial expertise to Comcast and is an integral part of our special company. The Hollywood Reporter is a part of Penske Media Corporation. 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. Comcast Corporation today announced that Mike Cavanagh has been named President. Variety and the Flying V logos are trademarks of Variety Media, LLC. Learn More on Comcast's active insiders. 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. PHILADELPHIA, Pa. - Comcast Corporation today announced that Mike Cavanagh has been named President. He will continue to act as Comcasts chief financial officer. Get notified the next time Michael J. Cavanagh buys or sells Comcast stock. As Chief Financial Officer at COMCAST CORP, Michael J. Cavanagh made $27,356,996 in total compensation. Eat steak, play golf, be happy! from the University of Chicago. It operates through the following segments: Cable Communications, Media, Studios, Theme Parks, and Sky. 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. Mr. Cavanagh has a broad range of responsibilities, partnering with the Chairman and CEO to manage all aspects of the business and corporate team. 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. 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. Learn More on Michael J. Cavanagh's contact information. Its an honor to work with Brian to lead this great company, Cavanagh added. On average, Michael trades about 15,269 units every 52 days since 2012. The Studios segment focuses on NBCUniversal's film and television studio production and distribution operations. Mr. Cavanagh has served as the Chief Financial Officer of Comcast Corporation since July 2015. The oldest executive at Comcast Corp is MaritzaMontiel, 68, who is the Independent Director. Comcast said chief financial officer Mike Cavanagh has been promoted to president, working with chairman and CEO Brian Roberts. As the Sr. EVP & CFO of Comcast Co., Mr. Cavanagh earned a total compensation package of $369,489.00 in 2021. Cavanagh was raised on Long Island in an Irish-Catholic family. Michael Cavanagh serves as Chief Financial Officer of Comcast Corporation. You can change your choices at any time by visiting your privacy controls. As of 17 March 2022 he still owns at least 98,709 units of Comcast Corp stock. The Hollywood Reporter is a part of Penske Media Corporation. Overnight on Wall Street is daytime in Asia. Mike earned a B.A. The Theme Parks segment operates Universal theme parks in Orlando, Florida, Hollywood, California, Osaka, Japan, and Beijing, China. 2023 The Hollywood Reporter, LLC. He is also on the board of Yale University and Member of Council on Foreign Relations, Inc. According to ZoomInfo records, Michael Cavanagh's professional experience began in 2021. 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. 2-min read PHILADELPHIA, March 01, 2023 -- ( BUSINESS WIRE )--Comcast Corporation today announced that Anand Kini has been named Executive Vice President, Corporate. Comcast Corporation has promoted Mike Cavanagh to president, making him the third person to occupy the role in the companys 59-year history. Cavanagh will be only the third president in the company's 59-year history. Learn More From Comcast Careers Comcast Careers Blog How We Hire Our Culture FAQ There are 18 older and 3 younger executives at Comcast Corp. ', 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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Prior to that, he served as JPMorgan Chases CFO for six years, where he helped the company successfully navigate the financial crisis. Cavanagh, 56, has served as CFO since 2015 and will continue in that role in addition to his promotion to president. 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 . Comcast has approximately 186,000 employees worldwide and $121 billion in annual revenue. In a banking career, Cavanagh rose to the top echelons of JPMorgan as co-CEO of JPMorgans corporate and investment bank. He rowed at Yale. The company was founded in 1963 and is headquartered in Philadelphia, PA. Since then Michael has changed 3 companies and 2 roles. Todays promotion will come as no surprise Mike is admired and trusted by those who know and work with him, said Roberts. "Athlete | Empire" presents the in-depth, intimate stories of these businesses, as told by the players themselves. Comcast Corporation is a global media and technology company with three primary businesses: Comcast Cable, NBCUniversal, and Sky. Genre. JPMorgan came through the financial crisis of 2008-09 mostly unscathed. Mike Cavanagh - @cjetnut. Mike joined Comcast in 2015 as the companys Chief Financial Officer after spending more than 20 years in the financial services industry. More from Deadline. Mike came to Comcast after more than 20 years in the financial services industry. The Media segment consists of NBCUniversal's television and streaming platforms, including national, regional, and international cable networks. 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. He was Co-CEO of JPMorgan Chase's Corporate & Investment Bank from 2012 to 2014, a global leader in its. Mike Cavanagh | Comcast. Previously he served as JPMorgan Chases CFO for six years, where he helped the company successfully navigate the financial crisis. Michael J. Cavanagh serves as Senior Executive Vice President and Chief Financial Officer of Comcast Corporation. Comcast said on Wednesday that it has promoted chief financial officer Mike Cavanagh to the added role of president. In recent years, Comcast also has struggled to transition to streaming entertainment from broadcast television and cable-TV formats. Last updated: 18 March 2022 at 5:05pm EST. Michael J. Cavanagh has not been actively trading shares of Comcast during the last quarter. 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 Handpicked by Billy Joel to star in Movin' Out, Cavanaugh evokes a style rivaling the Piano Man. 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. In 2019 we welcomed three new members to our board, including a new representative of the Free Library of Philadelphia Foundation Board of Directors. 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.. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. The oldest executive at Comcast Corp is Maritza Montiel, 68, who is the Independent Director. TV Shows. 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 . Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has been named President. 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. 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. You can see the complete history of Mr. Cavanagh stock trades at the bottom of the page. from Yale University and a J.D. 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While Comcast stock price hasnt fallen as much as some of its Hollywood peers this year Warner Bros. Member Since. 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 Launches 'Free This Week', Increasing Access To Streaming And Premium Network Fare For Xfinity X1 And . June 2016. edit data. Mike Cavanagh is only the third president in the companys 59-year history. What Could Elon Musk Possibly Be Thinking? Comcast Corporation Promotes Mike Cavanagh to President Business Wire PHILADELPHIA -- October 12, 2022 Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has . Learn More on Michael J. Cavanagh's trading history. He also serves on the board of software company HealthVerity and is a member of the Council on Foreign Relations. Show all results. 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. 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. 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 continue to serve as chief financial. Michael J. Cavanagh serves as Chief Financial Officer, Senior Executive Vice President of the Company. What's on TV & Streaming Top 250 TV Shows Most Popular TV Shows Browse TV Shows by Genre TV News India TV Spotlight. In this role, Mike co-headed all investment banking, cash management, investor services, and the largest global markets and trading business in the world. He will remain Chief Financial Officer. 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 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. Subscribe for full access to The Hollywood Reporter. Michael Cavanagh serves as President and Chief Financial Officer of Comcast Corporation. Sky operates the Sky News broadcast network and sports and entertainment networks, produces original content, and has exclusive content rights. He will remain Chief Financial Officer. 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. 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. 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 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. Production and distribution operations to 2014 todays promotion will come as no mike cavanagh comcast wife is!, 2015 since July 2015 person to occupy the role in addition to his promotion to.! 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