Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has been named President. As the Sr. EVP & CFO of Comcast Co., Mr. Cavanagh earned a total compensation package of $369,489.00 in 2021. Comcast Corporation Promotes Mike Cavanagh to President. 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. Chart Data in Insider Trading History Table. Previously he served as JPMorgan Chases CFO for six years, where he helped the company successfully navigate the financial crisis. The Brian Roberts-led 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. The oldest executive at Comcast Corp is Maritza Montiel, 68, who is the Independent Director. Mike earned a B.A. 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. He is also a member of the firm's Operating Committee and Executive Committee. In this role, Mike co-headed all investment banking, cash management, investor services and the largest global markets and trading business in the world. Mike Cavanagh is now in his sixties and has no idea how that happened. Cavanagh joined Philadelphia-headquartered Comcast seven years ago as chief financial officer (CFO). Comcast Corp. has promoted Mike Cavanagh to be the company's third president in its 59-year history. To zoom in, use [Ctrl] + [+] in Windows, and [Cmd] + [+] on a Mac. While Comcast stock price hasnt fallen as much as some of its Hollywood peers this year Warner Bros. All Rights Reserved. Variety is a part of Penske Media Corporation. This chart shows Mr. Michael J. Cavanagh's buying and selling at Comcast by year and by quarter. He joined the company from global alternative asset manager The Carlyle Group, where he was briefly co-president and co-chief operating officer. 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.. An Inquirer reporter since 1993, I report stories with an emphasis on enterprise, corporations, college debt, and features with a money angle. Mr. Cavanagh has served as the Chief Financial Officer of Comcast Corporation since July 2015. 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. In 2019 we welcomed three new members to our board, including a new representative of the Free Library of Philadelphia Foundation Board of Directors. The oldest executive at Comcast Corp is MaritzaMontiel, 68, who is the Independent Director. On average, Michael trades about 15,269 units every 52 days since 2012. 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. To zoom out, use the keyboard shortcut [Ctrl] + [-] in Windows and [Cmd] + [-] on a Mac. It also provides wireless and security and automation services to residential customers under the Xfinity brand. 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. What Could Elon Musk Possibly Be Thinking? from the University of Chicago. We, Yahoo, are part of the Yahoo family of brands. The Hollywood Reporter is a part of Penske Media Corporation. And no matter what his role, Mike has always acted with integrity and high character, combined with intelligence, passion and hard work. Emily Cavanagh, Lisa Washington, and Gene LeFevre each bring their own expertise and passion for our mission. PHILADELPHIA -- (BUSINESS WIRE)--Oct. 12, 2022-- Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has been named President. Comcast Corp. promoted Mike Cavanagh, a former Wall Street banker, to president of the Philadelphia telecom and entertainment company, the company said Wednesday. from Yale University and a J.D. Philadelphia, PA Comcast Corporation today announced that Mike Cavanagh has been named President. 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. Michael Cavanagh is 54, he's been the Chief Financial Officer and Senior Executive Vice President of Comcast Corp since 2015. 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. Mike Cavanagh is only the third president in the companys 59-year history. 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. Oct. 12, 2022, 08:24 AM. With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the . 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. Mike earned a B.A. Mike will be only the third President in the companys 59-year history. 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. Cavanagh will remain on as CFO, and with this promotion, he will also work closely with Comcast's Chairman and CEO Brian Roberts to manage the . Most recently he exercised 53,400 units of CMCSA stock worth $1,956,042 on 17 March 2022. I look forward to working together to shape the bright future of Comcast.. 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. . 2 min read Comcast Corporation Comcast Corporation announced Wednesday that Chief Financial Officer (CFO) Mike Cavanagh has been promoted to the added role of. This company has already shown success in human trials And Our research shows that anyone who gets in today could see a 46,751% return. from the University of Chicago. 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. In recent years, Comcast also has struggled to transition to streaming entertainment from broadcast television and cable-TV formats. 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. (Podcast). He was the Co-CEO of JPMorgan Chase's . In a banking career, Cavanagh rose to the top echelons of JPMorgan as co-CEO of JPMorgans corporate and investment bank. Due to a planned power outage on Friday, 1/14, between 8am-1pm PST, some services may be impacted. The Brian Roberts-led Comcast. Comcast Corporation today announced that Mike Cavanagh has been named President. Prior to entering politics, he spent 25 years at the private-equity firm the Carlyle Group . 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. 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. He also serves on the board of HealthVerity and is a member of the Council on Foreign Relations. BREAKING: Tiny biotech successfully treats blindness. Mike joined the company seven years ago . Mr. Cavanagh joined Comcast as the companys Chief Financial Officer in 2015 after spending more than twenty years in the financial services industry. 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). The Studios segment focuses on NBCUniversal's film and television studio production and distribution operations. 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. He will remain Chief Financial Officer. 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. 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. All Rights Reserved. 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