He joined the company from global alternative asset manager The Carlyle Group, where he was briefly co-president and co-chief operating officer. More from Deadline. Michael J. Cavanagh serves as Chief Financial Officer, Senior Executive Vice President of the Company. 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. 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. 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. With this promotion, Mike will work closely with Chairman and. 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. The prices in other telecom and entertainment companies, among them Verizon, Walt Disney and Netflix, have also declined. 2 min read Comcast Corporation Comcast Corporation announced Wednesday that Chief Financial Officer (CFO) Mike Cavanagh has been promoted to the added role of. There are 18 older and 3 younger executives at Comcast Corp. Mike joined Comcast in 2015 as the companys Chief Financial Officer after spending more than 20 years in the financial services industry. 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Ready for Tolkien Battle, How the Landscape of Native-Led Stories Has Changed Between Avatars: Were Flexing Our Sovereignty, The Definitive Voice of Entertainment News. Menu. 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 also serves on the board of software company HealthVerity and is a member of the Council on Foreign Relations. 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 came to Comcast after more than 20 years in the financial services industry. "Athlete | Empire" presents the in-depth, intimate stories of these businesses, as told by the players themselves. It also provides wireless and security and automation services to residential customers under the Xfinity brand. Michael J Cavanagh, Comcast: Profile and Biography - Bloomberg Markets Subscribe Live Now Bloomberg TV+ Bloomberg Markets China Open Bloomberg Markets: China Open is the definitive. 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. 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). Mr. Cavanagh is also a director of Yum! 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. 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. On Friday, Comcast released its executive compensation figures, showing the company's chief, Brian Roberts, received $36.2 million, and the new chief financial officer, Michael J. Cavanagh,. Last updated: 18 March 2022 at 5:05pm EST. He serves on the Board of Trustees of Yale and is Chairman of its Investment Committee, which has more than $40 billion under management. The oldest executive at Comcast Corp is MaritzaMontiel, 68, who is the Independent Director. 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. On average, Comcast Corp executives and independent directors trade stock every 9 days with the average trade being worth of $3,606,828. 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. He rowed at Yale. 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. Last month, Comcasts board sought to bolster the companys stock by purchasing up to $20 billion in shares as investors sold them. To zoom out, use the keyboard shortcut [Ctrl] + [-] in Windows and [Cmd] + [-] on a Mac. 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. 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 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. 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. Subscribe for full access to The Hollywood Reporter. 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. The chief financial officer of the Philadelphia-headquartered conglomerate was given additional duties in October. 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. Since then Michael has changed 3 companies and 2 roles. Previously he served as JPMorgan Chases CFO for six years, where he helped the company successfully navigate the financial crisis. Mike will be only the third President in the company's 59-year history. 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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. 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 joined Comcast in 2015 after spending more than 20 years in the financial services industry. He is a member of the Council on Foreign Relations and serves on the board of HealthVerity. They peaked in August 2021 at about $60 a share. 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.. Comcast Corp. engages in the provision of video, Internet, and phone services. Oct. 12, 2022, 08:24 AM. Cavanagh, also the companys chief financial officer, has not been appointed to the board. In a banking career, Cavanagh rose to the top echelons of JPMorgan as co-CEO of JPMorgans corporate and investment bank. Cavanagh earned a B.A. 2023 The Hollywood Reporter, LLC. The Brian Roberts-led Comcast. As the Sr. EVP & CFO of Comcast Co., Mr. Cavanagh earned a total compensation package of $369,489.00 in 2021. All Rights Reserved. The Studios segment focuses on NBCUniversal's film and television studio production and distribution operations. ', The True Story Behind 'Cocaine Bear': A 175-Pound Beast, a Dead Drug Smuggler in Gucci Loafers and More, Super Mario Bros. Movie Is Releasing Two Days Early, Jonathan Majors Pitches a Rom-Com With Issa Rae: 'I Want to Run Through Central Park Trying to Beat Her to the Airport', Chris Pine Admits It Did Look Like Harry Styles Spit on Me, but He Did Not: The Vitriol Against Dont Worry Darling Was Ridiculous, HBO's Leading Man: Casey Bloys on Perfecting 'The Last of Us,' HBO Max Streaming Merger and Axing Shows, A24 Sweeps Film Categories at the 2023 SAG Awards as 'Everything Everywhere All at Once' Breaks Record for Most Wins, Jean Smart 'Doing Well, Recovering' Following Heart Procedure, Says Hacks Co-Star Hannah Einbinder, Ke Huy Quan Becomes First Asian Male Film Winner at SAG Awards for 'Everything Everywhere All at Once'. Comcast Corporation has approximately 189,000 employees worldwide and $116 billion in annual revenue. Mike earned a B.A. Mike has brought incredible operational and financial expertise to Comcast and is an integral part of our special company. 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. READ MORE: New Comcast CFO says company must avoid complacency [from 2015]. 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. 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. Todays promotion will come as no surprise Mike is admired and trusted by those who know and work with him, said Roberts. Two other adult children, left home eventually, complete the extended menagerie. October 12, 2022. in News. 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. The most recent insider tranaction occured on February, 21st when Major Shareholder Corp Comcast sold 37,176 shares worth more than $75,467.28. 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. Mike joined Comcast seven years ago as Chief Financial Officer. Chart Data in Insider Trading History Table. We have exceptional businesses with world-class executives in Dana, Dave, and Jeff and Im proud to call them my partners. Athletes' ambitions don't end when they leave the field of play. He will remain chief financial officer. With his leadership, the company has expanded its reach significantly in the US and globally. What Could Elon Musk Possibly Be Thinking? 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. 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Jordan Meets Reporter at 'Creed III' Premiere Who 'Teased Him all the Time' in High School: 'I Was the Corny Kid, Right? 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. Memoir, Humor and Comedy, Romance. from Yale and a J.D. Bloomberg Daybreak Asia. Mike will be only the third President in the companys 59-year history. Mike Cavanagh (I) on IMDb: Movies, Tv, Celebrities, and more. . Michael Cavanagh is 54, he's been the Chief Financial Officer and Senior Executive Vice President of Comcast Corp since 2015. Michael's mailing address filed with the SEC is ONE COMCAST CENTER, , PHILADELPHIA, PA, 19103. Mike came to Comcast after more than 20 years in the financial services industry. Member Since. We have estimated Michael Cavanaugh's net worth , money, salary, income, and assets. Comcast Corporation today announced that Mike Cavanagh has been named President. He serves on the Board of Trustees of Yale and is Chairman of its Investment Committee. "With his leadership, the company has expanded its reach significantly in the U.S. and. He serves on the board of trustees of Yale and is chairman of its investment committee, which has more than $40 billion under management. PHILADELPHIA -- (BUSINESS WIRE)--Oct. 12, 2022-- Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has been named President. He will continue to act as Comcasts chief financial officer. In recent years, Comcast also has struggled to transition to streaming entertainment from broadcast television and cable-TV formats. Mike also serves on the board of HealthVerity and is a member of the Council on Foreign Relations. Learn More about insider trades at Comcast. 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