An Inquirer reporter since 1993, I report stories with an emphasis on enterprise, corporations, college debt, and features with a money angle. Handpicked by Billy Joel to star in Movin' Out, Cavanaugh evokes a style rivaling the Piano Man. Cavanagh, 56, has served as CFO since 2015 and will continue in that role in addition to his promotion to president. 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. . 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. Comcast Corporation Promotes Mike Cavanagh to President. NBCUniversal is global and operates news, entertainment and sports cable networks, the NBC and Telemundo broadcast networks, television production operations, television station groups, Universal Pictures, and Universal Parks and Resorts. 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 serves as President of Comcast Corporation, a Fortune 30 global media and technology company with three primary businesses: Comcast Cable, NBCUniversal, and Sky. Bloomberg Daybreak Asia. 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. 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. 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 will be only the third President in the companys 59-year history. 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. 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. Cavanagh serves on the Board of Trustees of Yale University and as chair of its investment committee. Mr. Cavanagh earned a B.A. 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. Overnight on Wall Street is daytime in Asia. He also serves on the board of HealthVerity and is a member of the Council on Foreign Relations. Cavanagh, 56, has served as CFO since 2015 and will continue in that role in addition to his . Mr. Cavanagh joined Comcast as the companys Chief Financial Officer in 2015 after spending more than twenty years in the financial services industry. 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. 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. Learn More on Michael J. Cavanagh's contact information. The corporate mailing address for Mr. Cavanagh and other Comcast executives is One Comcast Center, Philadelphia PA, 19103. Mike has a broad range of responsibilities, including overseeing all financial functions, corporate development, strategic planning, and corporate administration. He was Co-CEO of JPMorgan Chase's Corporate & Investment Bank from 2012 to 2014, a global leader in its. Awesome wife and daughter. He will continue to act as Comcasts chief financial officer. He'll. Cavanagh was raised on Long Island in an Irish-Catholic family. Comcast announced on Monday that it had hired Michael J. Cavanagh as its chief financial officer, choosing a prominent Wall Street executive to help the company move forward after the. It operates through the following segments: Cable Communications, Media, Studios, Theme Parks, and Sky. Michael J. Cavanagh serves as Chief Financial Officer, Senior Executive Vice President of the Company. It most recently tallied revenue of $29.85 billion in the third quarter of 2022, ending Sept. 30. 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. 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 J. Cavanagh serves as Senior Executive Vice President and Chief Financial Officer of Comcast Corporation. The global economy also faces a potential recession. $1 Million - $5 Million. Mike Cavanagh, one of the nation's top banking executives at JPMorgan Chase and now Comcast Corp.'s new chief financial officer, says the Philadelphia company's biggest "enemy" is complacency, hoping that consumer trends won't change and that Comcast remains the big cable company. Cavanagh has been finance chief of the media and technology company for the last seven years. Michael Cavanagh Work Experience and Education. Comcast reported revenue of $116.4 billion for fiscal year 2021. 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. Mike joined Comcast in 2015 as the companys Chief Financial Officer after spending more than 20 years in the financial services industry. Prior to entering politics, he spent 25 years at the private-equity firm the Carlyle Group . Mike has brought incredible operational and financial expertise to Comcast and is an integral part of our special company. from Yale and a J.D. 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. 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. In this role, Mike co-headed all investment banking, cash management, investor services and the largest global markets and trading business in the world. But a rogue trader in London in 2012 cost JPMorgan about $6 billion and brought regulators down on it. 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. June 2016. edit data. Learn More on Michael J. Cavanagh's salary. 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. 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 (Nasdaq: CMCSA) today announced that Mike Cavanagh has been named President. To zoom out, use the keyboard shortcut [Ctrl] + [-] in Windows and [Cmd] + [-] on a Mac. 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. Live market coverage co-anchored from Hong Kong and New York. News Wire Feed Light Reading 10/12/2022. Mike has brought incredible operational and financial expertise to Comcast and is an integral part of our special company. Michael Cavanagh is 54, he's been the Chief Financial Officer and Senior Executive Vice President of Comcast Corp since 2015. Public Records. 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. Get notified the next time Michael J. Cavanagh buys or sells Comcast stock. 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. Memoir, Humor and Comedy, Romance. Mike came to Comcast after more than 20 years in the financial services industry. He was previously co-CEO of JPMorgan Chases corporate & investment bank from 2012 to 2014, focusing on investment banking, cash management, investor services and the largest global markets and trading business in the world. He also served as JPMorgan Chases CFO for six years, helping steer the company to successfully navigate the financial crisis., In addition, at JPMorgan Chase and its predecessor firms, he 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, Comcast said. 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. We have estimated Michael Cavanaugh's net worth , money, salary, income, and assets. Two other adult children, left home eventually, complete the extended menagerie. The Brian Roberts-led Comcast. Comcast CFO Mike Cavanagh will take on the additional role of president. 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. Genre. He is also on the board of Yale University and Member of Council on Foreign Relations, Inc. It also provides communications services, including residential high-speed internet, phone, and wireless services. "Athlete | Empire" presents the in-depth, intimate stories of these businesses, as told by the players themselves. He was Co-CEO of JPMorgan Chase's Corporate & Investment Bank from 2012 to 2014, a global leader in its. Comcast Corp. engages in the provision of video, Internet, and phone services. He will remain Chief Financial Officer. 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. Mr. Cavanagh has a broad range of responsibilities, partnering with the Chairman and CEO to manage all aspects of the business and corporate team. With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the businesses and teams across the company. from the University of Chicago. He will remain Chief Financial 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.. 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 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 It also provides wireless and security and automation services to residential customers under the Xfinity brand. He serves on the Board of Trustees of Yale and is Chairman of its Investment Committee. Learn More on Comcast's active insiders. Michael Cavanagh serves as Chief Financial Officer of Comcast Corporation. Mike has a broad range of responsibilities, partnering with Chairman and CEO Brian Roberts to manage all aspects of the business and corporate team. To zoom in, use [Ctrl] + [+] in Windows, and [Cmd] + [+] on a Mac. Comcast shares closed at $28.69 Wednesday, up 0.03%. Last month, Comcasts board sought to bolster the companys stock by purchasing up to $20 billion in shares as investors sold them. Mike also serves on the board of HealthVerity and is a member of the Council on Foreign Relations. Net Worth in 2022. With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the businesses and teams across the company. Todays promotion will come as no surprise Mike is admired and trusted by those who know and work with him, said Roberts. The Hollywood Reporter is a part of Penske Media Corporation. Comcast named Michael J. Cavanagh as its chief financial officer Monday. You can see the complete history of Mr. Cavanagh stock trades at the bottom of the page. He is a member of the Council on Foreign Relations and serves on the board of HealthVerity. 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 also serves on the board of HealthVerity and is a member of the Council on Foreign Relations. Variety is a part of Penske Media Corporation. He serves on the board of trustees of Yale and is chairman of its investment committee, which has more than $40 billion under management. "With his leadership, the company has expanded its reach significantly in the U.S. and. 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 was the Co-CEO of JPMorgan Chase's . I look forward to working together to shape the bright future of Comcast.. He is also a member of the firm's Operating Committee and Executive Committee. Comcast said chief financial officer Mike Cavanagh has been promoted to president, working with chairman and CEO Brian Roberts. Mr. Cavanagh was appointed a successor trustee in 2020. 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. Learn More about insider trades at Comcast. The oldest executive at Comcast Corp is MaritzaMontiel, 68, who is the Independent Director. There are 1 executives at Comcast Corp getting paid more, with BrianRoberts having the highest compensation of $36,370,200. Cavanagh earned a B.A. Variety and the Flying V logos are trademarks of Variety Media, LLC. 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. The Brian Roberts-led Comcast. Cindy Ord/Getty Images Entertainment. 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). 2023 The Hollywood Reporter, LLC. 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 . 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. Learn More on Michael J. Cavanagh's contact information. Gift this article. Comcast Corporation has promoted Mike Cavanagh to president, making him the third person to occupy the role in the company's 59-year history. Comcast Corporation Promotes Mike Cavanagh to President Business Wire PHILADELPHIA -- October 12, 2022 Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has . 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. 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. Last updated: 18 March 2022 at 5:05pm EST. He will remain chief financial 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 joined Comcast in 2015 after spending more than 20 years in the financial services industry. The company was founded in 1963 and is headquartered in Philadelphia, PA. Previously he served as JPMorgan Chases CFO for six years, where he helped the company successfully navigate the financial crisis. from Yale University and a J.D. 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. Click Manage settings for more information and to manage your choices. Comcast said it signed a new employment agreement with recently named president Michael Cavanagh that runs through December 31, 2027. Emily Cavanagh, Lisa Washington, and Gene LeFevre each bring their own expertise and passion for our mission. 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. 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