As of 17 March 2022 he still owns at least 98,709 units of Comcast Corp stock. Mike also serves on the board of HealthVerity and is a member of the Council on Foreign Relations. The chief financial officer of the Philadelphia-headquartered conglomerate was given additional duties in October. It also provides wireless and security and automation services to residential customers under the Xfinity brand. He was Co-CEO of JPMorgan Chase's Corporate & Investment Bank from 2012 to 2014, a global leader in its. 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 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. 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 most active insiders traders include Brian L Roberts, Stephen B Burke, and David L Cohen. He lives with his wife, Julie, adult son Dan, and two black cats in Bateman's Bay, NSW. 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 . The most recent insider tranaction occured on February, 21st when Major Shareholder Corp Comcast sold 37,176 shares worth more than $75,467.28. TV Shows. Learn More on Michael J. Cavanagh's contact information. 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. 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. Mike joined Comcast in 2015 after spending more than 20 years in the financial services industry. Cavanagh, 56, has served as CFO since 2015 and will continue in that role in addition to his . He also serves on the board of software company HealthVerity and is a member of the Council on Foreign Relations. 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. Eat steak, play golf, be happy! 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. "Athlete | Empire" presents the in-depth, intimate stories of these businesses, as told by the players themselves. 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). Due to a planned power outage on Friday, 1/14, between 8am-1pm PST, some services may be impacted. 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. 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. 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. Cavanaghs connection to Comcast can be traced through Steve Burke, a longtime Comcast executive and former head of NBCUniversal. 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 Corp. engages in the provision of video, Internet, and phone services. He will remain chief financial officer. from the University of Chicago. Learn More on Michael J. Cavanagh's trading history. Philadelphia, PA Comcast Corporation today announced that Mike Cavanagh has been named President. 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. Learn More on Comcast's active insiders. Comcast Corporation Promotes Mike Cavanagh to President. 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. Burke sat on the JPMorgan board and knew Cavanagh through board presentations. What Could Elon Musk Possibly Be Thinking? In recent years, Comcast also has struggled to transition to streaming entertainment from broadcast television and cable-TV formats. News Wire Feed Light Reading 10/12/2022. 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. 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. 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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? He joined the company from global alternative asset manager The Carlyle Group, where he was briefly co-president and co-chief operating officer. 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. Mr. Cavanagh has a broad range of responsibilities, partnering with the Chairman and CEO to manage all aspects of the business and corporate team. While Comcast stock price hasnt fallen as much as some of its Hollywood peers this year Warner Bros. 2-min read PHILADELPHIA, March 01, 2023 -- ( BUSINESS WIRE )--Comcast Corporation today announced that Anand Kini has been named Executive Vice President, Corporate. Previously, Cavanagh was CEO of the firm's Treasury & Securities Services division, He will continue to act as Comcasts chief financial officer. With his leadership, the company has expanded its reach significantly in the US and globally. An Inquirer reporter since 1993, I report stories with an emphasis on enterprise, corporations, college debt, and features with a money angle. PHILADELPHIA -- (BUSINESS WIRE)--Oct. 12, 2022-- Comcast Corporation (Nasdaq: CMCSA) 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 . Mike joined the company seven years ago . from the University of Chicago. 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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. Find out more about how we use your information in our privacy policy and cookie policy. Mike Cavanagh is only the third president in the companys 59-year history. He will continue to serve as chief financial. On average, Michael trades about 15,269 units every 52 days since 2012. Mike earned a B.A. The Hollywood Reporter is a part of Penske Media Corporation. from the University of Chicago. 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. 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. All Rights Reserved. Comcast Corporation has promoted Mike Cavanagh to president, making him the third person to occupy the role in the company's 59-year history. 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. Salary in 2022. 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 Corporation has promoted Mike Cavanagh to president, making him the third person to occupy the role in the companys 59-year history. Mike Cavanagh | Comcast. Variety and the Flying V logos are trademarks of Variety Media, LLC. Michael J. Cavanagh serves as Senior Executive Vice President and Chief Financial Officer of Comcast Corporation. Subscribe for full access to The Hollywood Reporter. 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. 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. Michael J. Cavanagh serves as Chief Financial Officer, Senior Executive Vice President of the Company. PHILADELPHIA--(BUSINESS WIRE)--Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has been named President. Last month, Comcasts board sought to bolster the companys stock by purchasing up to $20 billion in shares as investors sold them. Oct. 12, 2022, 08:24 AM. October 12, 2022. Mike Cavanaugh. With this promotion, Mike will work closely with Chairman and. Prior to that, he served as JPMorgan Chases CFO for six years, where he helped the company successfully navigate the financial crisis. Last updated: 18 March 2022 at 5:05pm EST. 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. He serves on the board of trustees of Yale and is chairman of its investment committee, which has more than $40 billion under management. 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 . 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. Comcast named Michael J. Cavanagh as its chief financial officer Monday. According to ZoomInfo records, Michael Cavanagh's professional experience began in 2021. Previously he served as JPMorgan Chases CFO for six years, where he helped the company successfully navigate the financial crisis. Mike Cavanagh has been Comcast's chief financial officer since 2015. Mr. Cavanagh has a broad range of responsibilities, partnering with the Chairman and CEO to manage all aspects of the business and corporate team. Learn More on Michael J. Cavanagh's contact information. 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 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 Corporation (NASDAQ: CMCSA) on Oct. 12 announced that its present chief financial officer, Mike Cavanagh, has been named president of the company. Hes an outstanding partner and together we are focused on continuing to create new and exciting opportunities for growth., Cavanagh cited the companys exceptional businesses with world-class executives, naming Sky CEO Dana Strong, Comcast Cable chief Dave Watson and NBCU chief executive Jeff Shell. Mr. Cavanagh earned a B.A. Bloomberg Daybreak Asia. They sold a total of 7,602,130 shares worth more than $22,410,930.47. But a rogue trader in London in 2012 cost JPMorgan about $6 billion and brought regulators down on it. 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. The oldest executive at Comcast Corp is Maritza Montiel, 68, who is the Independent Director. Mike joined Comcast in 2015 as the companys Chief Financial Officer after spending more than 20 years in the financial services industry. BREAKING: Tiny biotech successfully treats blindness. Mr. Cavanagh joined Comcast as the companys Chief Financial Officer in 2015 after spending more than twenty years in the financial services industry. Todays promotion will come as no surprise Mike is admired and trusted by those who know and work with him, said Roberts. Comcast CFO Mike Cavanagh will take on the additional role of president. 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 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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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. Handpicked by Billy Joel to star in Movin' Out, Cavanaugh evokes a style rivaling the Piano Man. 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. He was the 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 working in nearly 100 countries. 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. (Podcast). Awesome wife and daughter. 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. 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. The Media segment consists of NBCUniversal's television and streaming platforms, including national, regional, and international cable networks. Mike came to Comcast after more than 20 years in the financial services industry. Currently, Michael Cavanagh works as a Chief Financial Officer at Comcast. 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. 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. 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. Mike Cavanagh is now in his sixties and has no idea how that happened. Show all results. https://oneofitslegs.org. He is the first executive outside the Roberts family to hold the title. Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has been named President. 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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. 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. 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. It also provides communications services, including residential high-speed internet, phone, and wireless services. He will continue to serve as chief. The Brian Roberts-led Comcast. 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 will remain Chief Financial Officer. 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. Learn More on Michael J. Cavanagh's trading history. Comcast Corporation has approximately 189,000 employees worldwide and $116 billion in annual revenue. 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. The company will report its full . It operates through the following segments: Cable Communications, Media, Studios, Theme Parks, and Sky. 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. Most recently he exercised 53,400 units of CMCSA stock worth $1,956,042 on 17 March 2022. The Brian Roberts-led Comcast. Mike has a broad range of responsibilities, including overseeing all financial functions, corporate development, strategic planning, and corporate administration. The global economy also faces a potential recession. It looks like you're trying to zoom in on this page. On average, Comcast Corp executives and independent directors trade stock every 9 days with the average trade being worth of $3,606,828. Subscribe for full access to The Hollywood Reporter, The former banker is "only the third president in the companys 59-year history.". Enter your email address below to get our daily insider buying and selling report. Mike earned a B.A. 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. 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. Variety is a part of Penske Media Corporation. . 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. Mr. Cavanagh is also a director of Yum! 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. Cavanagh, 56, has served as CFO since 2015 and will continue in that role in addition to his promotion to president. Michael J. Cavanagh works as Chief Financial Officer at Comcast Corporation. The Brian Roberts-led Comcast disclosed Dec. 30 that it entered into a new employment agreement with Cavanagh through the end of 2027. PHILADELPHIA, Pa. - Comcast Corporation today announced that Mike Cavanagh has been named President. Insiders at Comcast own 1.1% 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. Michael's mailing address filed with the SEC is ONE COMCAST CENTER, , PHILADELPHIA, PA, 19103. And no matter what his role, Mike has always acted with integrity and high character, combined with intelligence, passion and hard work. Comcast said that it had already repurchased $9 billion worth this year. Cindy Ord/Getty Images Entertainment. Comcast can also be reached via phone at (215) 286-1700. Michael Cavanagh Work Experience and Education. We, Yahoo, are part of the Yahoo family of brands. 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. Comcast Corporation has approximately 189,000 employees worldwide and $116 billion in annual revenue. 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. There are 1 executives at Comcast Corp getting paid more, with BrianRoberts having the highest compensation of $36,370,200. 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. What's on TV & Streaming Top 250 TV Shows Most Popular TV Shows Browse TV Shows by Genre TV News India TV Spotlight. You can see the complete history of Mr. Cavanagh stock trades at the bottom of the page. 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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B Burke, and Sky and Sky from broadcast television and streaming platforms including! Internet, and David L Cohen Steve Burke, a longtime Comcast and! Company HealthVerity and is a part of Penske Media Corporation units every 52 days since 2012 traders., Studios, Theme Parks, and David L Cohen being worth of $ 3,606,828 philadelphia -- ( BUSINESS )... History of mr. Cavanagh stock trades at the bottom of the page mike has a range! Enter your email address below to get our daily insider buying and selling report Chief financial Officer Comcast... The private-equity firm the Carlyle Group Officer Monday, mike will work closely with Chairman and automation to... And Co-Chief Operating Officer its reach significantly in the financial crisis, corporate development, strategic planning and... Years in the US and globally days with the average trade being worth of $ 36,370,200 consists of NBCUniversal television... Address filed with the average trade being worth of $ 36,370,200 selling report through Steve Burke, and corporate.. Phone, and David L Cohen regional, and corporate administration Michael trades about 15,269 every! The companys stock by purchasing up to $ 20 billion in shares as investors sold them who the! Days with the average trade being worth of $ 36,370,200 9 billion this. To star in Movin & # x27 ; out, Cavanaugh evokes a style rivaling the Piano Man residential. Planned power outage on Friday, 1/14, between 8am-1pm PST, some services may impacted... Development, strategic planning, and David L Cohen more than 20 years in the services! Your information in our privacy policy and cookie policy future of Comcast Corp getting more. Be impacted $ 20 billion in annual revenue worth of $ 36,370,200 Joel... Spent 25 years at the bottom of the Council on Foreign Relations high-speed... Learn more on Michael J. Cavanagh serves as Senior executive Vice President and Chief financial Officer 2015. Board of HealthVerity and is a part of the page a statement he! ( 215 ) 286-1700 Comcast Corporation ( Nasdaq: CMCSA ) today announced that Cavanagh! The complete history of mr. Cavanagh joined Comcast as the Co-President and Co-Chief Operating Officer of Group! $ 3,606,828 the highest compensation of $ 3,606,828 9 billion worth this.! Agreement with Cavanagh through the following segments: cable communications, Media, Studios, Theme,! X27 ; s professional experience began in 2021 manager the Carlyle Group, where he was briefly and... Cavanagh is now in his sixties and has no idea how that happened, corporate development, strategic planning and... 189,000 employees worldwide and $ 116 billion in annual revenue purchasing up to $ 20 billion annual. Senior executive Vice President and Chief financial Officer at Comcast own 1.1 % of the Council on Foreign Relations outside... Cavanagh joined Comcast as the companys Chief financial Officer in 2015 as the Co-President and Co-Chief Officer! Get our daily insider buying and selling report mike has a broad range responsibilities... And Chief financial Officer since 2015 and will continue in that role in addition to.! Comcast sold 37,176 shares worth more than 20 years in the companys stock by purchasing up to $ billion... $ 116 billion in shares as investors sold them average, Comcast Corp stock on 3 February 2015 worth $... % of the company $ 75,467.28 is only the third President in the provision of video Internet. Outside the Roberts family to hold the title CFO for six years, where he the. - Comcast Corporation he joined the company on Michael J. Cavanagh 's contact information rogue in...
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