With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the businesses and teams across the company. 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. Learn More on Michael J. Cavanagh's salary. We have estimated Michael Cavanaugh's net worth , money, salary, income, and assets. Comcast Corp. promoted Mike Cavanagh, a former Wall Street banker, to president of the Philadelphia telecom and entertainment company, the company said Wednesday. Comcast Corporation Oct. 12 announced that Mike Cavanagh has been named president of the media giant, to work closely with chairman/CEO Brian Roberts to manage the businesses and teams across the company. Michael J. Cavanagh serves as Senior Executive Vice President and Chief Financial Officer of Comcast Corporation. Todays promotion will come as no surprise Mike is admired and trusted by those who know and work with him, Roberts said. Burke was also friends with Jamie Dimon, JPMorgans chief executive and chairman. 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. 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 . The prices in other telecom and entertainment companies, among them Verizon, Walt Disney and Netflix, have also declined. Gift this article. He will remain Chief Financial Officer. This information is according to proxy statements filed for the 2021 fiscal year. Mike Cavanagh (I) on IMDb: Movies, Tv, Celebrities, and more. Mike will be only the third President in the company's 59-year history. Cavanagh joined Philadelphia-headquartered Comcast seven years ago as chief financial officer (CFO). from the University of Chicago. Burke and Dimon attended Harvard Business School together, graduating in 1982. Comcast CFO Mike Cavanagh will take on the additional role of president. He is a member of the Council on Foreign Relations and serves on the board of HealthVerity. 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. 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. The Brian Roberts-led Comcast. 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. Oct. 12, 2022, 08:24 AM. He also serves on the board of HealthVerity and is a member of the Council on Foreign Relations. 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. 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. Net Worth in 2022. Cavanagh will be only the third president in the company's 59-year history. 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. Mike came to Comcast after more than 20 years in the financial services industry. A member of the Republican Party, Youngkin defeated former Democratic governor Terry McAuliffe in the 2021 Virginia gubernatorial election. It most recently tallied revenue of $29.85 billion in the third quarter of 2022, ending Sept. 30. Mike earned a B.A. He will remain Chief Financial Officer. PHILADELPHIA, Pa. - Comcast Corporation today announced that Mike Cavanagh has been named President. 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. Michael Cavanagh serves as Chief Financial Officer of Comcast Corporation. Comcast said it signed a new employment agreement with recently named president Michael Cavanagh that runs through December 31, 2027. 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. 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. Cavanaugh, who has spent nearly his entire coaching career mentoring offensive linemen, spent the last three seasons as the . 2023 The Hollywood Reporter, LLC. The global economy also faces a potential recession. The Hollywood Reporter is a part of Penske Media Corporation. June 2016. edit data. I look forward to working together to shape the bright future of Comcast.. Learn More on Michael J. Cavanagh's salary. It also provides wireless and security and automation services to residential customers under the Xfinity brand. In a banking career, Cavanagh rose to the top echelons of JPMorgan as co-CEO of JPMorgans corporate and investment bank. As the Sr. EVP & CFO of Comcast Co., Mr. Cavanagh earned a total compensation package of $369,489.00 in 2021. Cavanagh, 56, has served as CFO since 2015 and will continue in that role in addition to his . 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. 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. Menu. 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 Studios segment focuses on NBCUniversal's film and television studio production and distribution operations. 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 will remain chief financial officer. It operates through the following segments: Cable Communications, Media, Studios, Theme Parks, and Sky. https://oneofitslegs.org. Mike Cavanagh is only the third president in the companys 59-year history. There are 18 older and 3 younger executives at Comcast Corp. With his leadership, the company has expanded its reach significantly in the U.S. and globally, Comcast said. 2023 The Hollywood Reporter, LLC. "With his leadership, the company has expanded its reach significantly in the U.S. and. Mike joined Comcast in 2015 as the companys Chief Financial Officer after spending more than 20 years in the financial services industry. $1 Million - $5 Million. Mike joined Comcast seven years ago as Chief Financial Officer. Mike has a broad range of responsibilities, partnering with Chairman and CEO Brian Roberts to manage all aspects of the business and corporate team. 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. BREAKING: Tiny biotech successfully treats blindness. To zoom out, use the keyboard shortcut [Ctrl] + [-] in Windows and [Cmd] + [-] on a Mac. He will continue to serve as chief. He was the Co-CEO of JPMorgan Chase's . . 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). . Mike has brought incredible operational and financial expertise to Comcast and is an integral part of our special company. READ MORE: New Comcast CFO says company must avoid complacency [from 2015]. 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Brian Roberts, Comcast's chairman and CEO, had previously held the title of president. Mr. Cavanagh was appointed a successor trustee in 2020. 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. Mr. Cavanagh is also a director of Yum! 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. from the University of Chicago. In the last twelve months, insiders at the cable giant sold shares 8 times. Comcast Corp. has promoted Mike Cavanagh to be the company's third president in its 59-year history. (Podcast). We, Yahoo, are part of the Yahoo family of brands. It looks like you're trying to zoom in on this page. With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the businesses and teams across the company. 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. 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). While Comcast stock price hasnt fallen as much as some of its Hollywood peers this year Warner Bros. Comcast shares closed at $28.69 Wednesday, up 0.03%. He lives with his wife, Julie, adult son Dan, and two black cats in Bateman's Bay, NSW. He was Co-CEO of JPMorgan Chase's Corporate & Investment Bank from 2012 to 2014, a global leader in its. Handpicked by Billy Joel to star in Movin' Out, Cavanaugh evokes a style rivaling the Piano Man. 2023 Variety Media, LLC. He is also on the board of Yale University and Member of Council on Foreign Relations, Inc. Get notified the next time Michael J. Cavanagh buys or sells Comcast stock. 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. 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 Movies. 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. 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. 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. Glenn Allen Youngkin (born December 9, 1966) is an American businessman and politician, currently serving as the 74th governor of Virginia since January 15, 2022. Track your investments 24 hours a day, around the clock from around the world. Philadelphia, PA Comcast Corporation today announced that Mike Cavanagh has been named President. Comcast reported revenue of $116.4 billion for fiscal year 2021. from Yale University and a J.D. 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. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. "With his leadership, the company has expanded its reach significantly in the U.S. and. What's on TV & Streaming Top 250 TV Shows Most Popular TV Shows Browse TV Shows by Genre TV News India TV Spotlight. He will continue to serve as chief financial. They peaked in August 2021 at about $60 a share. He serves on the Board of Trustees of Yale and is Chairman of its Investment Committee, which has more than $40 billion under management. Mike also serves on the board of HealthVerity and is a member of the Council on Foreign Relations. 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. 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 served as the Co-President and Co-Chief Operating Officer at The Carlyle Group LP since joining in April 2014. In this role, Mike co-headed all investment banking, cash management, investor services and the largest global markets and trading business in the world. 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. 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. Mike Cavanaugh. 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. This chart shows Mr. Michael J. Cavanagh's buying and selling at Comcast by year and by quarter. 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 oldest executive at Comcast Corp is Maritza Montiel, 68, who is the Independent Director. 2-min read PHILADELPHIA, March 01, 2023 -- ( BUSINESS WIRE )--Comcast Corporation today announced that Anand Kini has been named Executive Vice President, Corporate. 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 is from United States. Michael J. Cavanagh works as Chief Financial Officer at Comcast Corporation. October 12, 2022. in News. With this promotion, Mike will work closely with Chairman and. On average, Comcast Corp executives and independent directors trade stock every 9 days with the average trade being worth of $3,606,828. Learn More on Comcast's active insiders. There are 1 executives at Comcast Corp getting paid more, with BrianRoberts having the highest compensation of $36,370,200. Michael Cavanagh Age : 56 Public asset : 12,244,461 USD Country of residence : Unknown Linked companies : Comcast Corporation Biography of Michael Cavanagh Presently, Michael J. Cavanagh holds the position of Chief Financial Officer for Comcast Corp. Mike Cavanagh is now in his sixties and has no idea how that happened. 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 said chief financial officer Mike Cavanagh has been promoted to president, working with chairman and CEO Brian Roberts. Prior to entering politics, he spent 25 years at the private-equity firm the Carlyle Group . And no matter what his role, Mike has always acted with integrity and high character, combined with intelligence, passion and hard work. He serves on the Board of Trustees of Yale and is Chairman of its Investment Committee. As Chief Financial Officer at COMCAST CORP, Michael J. Cavanagh made $27,356,996 in total compensation. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. PHILADELPHIA -- (BUSINESS WIRE)--Oct. 12, 2022-- Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has been named President. Its an honor to work with Brian to lead this great company, Cavanagh added. The Hollywood Reporter is a part of Penske Media Corporation. He also serves on the board of software company HealthVerity and is a member of the Council on Foreign Relations. . He rowed at Yale. The Theme Parks segment operates Universal theme parks in Orlando, Florida, Hollywood, California, Osaka, Japan, and Beijing, China. 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. 2 min read Comcast Corporation Comcast Corporation announced Wednesday that Chief Financial Officer (CFO) Mike Cavanagh has been promoted to the added role of. With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the . PHILADELPHIA--(BUSINESS WIRE)--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. Cavanaghs connection to Comcast can be traced through Steve Burke, a longtime Comcast executive and former head of NBCUniversal. Last month, Comcasts board sought to bolster the companys stock by purchasing up to $20 billion in shares as investors sold them. 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. 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. Subscribe for full access to The Hollywood Reporter, The former banker is "only the third president in the companys 59-year history.". The company will report its full . 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. With Brian to lead this great company, Cavanagh rose to the top echelons of JPMorgan Chases &... Mr. Michael J. Cavanagh serves as Senior executive Vice president and Chief Financial Officer at Comcast Corp and..., Cavanaugh evokes mike cavanagh comcast wife style rivaling the Piano Man Vice president and Chief Financial after. Jamie Dimon, JPMorgans Chief executive and Chairman, salary, income, and Sky of... A total compensation package of $ 369,489.00 in 2021 March 2022 at 5:05pm EST bolster the companys Financial... 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