Mike came to Comcast after more than 20 years in the financial services industry. Overnight on Wall Street is daytime in 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. Todays promotion will come as no surprise Mike is admired and trusted by those who know and work with him, said Roberts. Comcast named Michael J. Cavanagh as its chief financial officer Monday. 2023 The Hollywood Reporter, LLC. Mike also serves on the board of HealthVerity and is a member of the Council on Foreign Relations. 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 a broad range of responsibilities, including overseeing all financial functions, corporate development, strategic planning, and corporate administration. There are 18 older and 3 younger executives at Comcast Corp. Comcast Corporation (NASDAQ: CMCSA) on Oct. 12 announced that its present chief financial officer, Mike Cavanagh, has been named president of the company. 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 But a rogue trader in London in 2012 cost JPMorgan about $6 billion and brought regulators down on it. Mr. Cavanagh has a broad range of responsibilities, partnering with the Chairman and CEO to manage all aspects of the business and corporate team. There are 1 executives at Comcast Corp getting paid more, with BrianRoberts having the highest compensation of $36,370,200. We have estimated Michael Cavanaugh's net worth , money, salary, income, and assets. The most active insiders traders include Brian L Roberts, Stephen B Burke, and David L Cohen. With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the businesses and teams across the company. Mr. Cavanagh is also a director of Yum! It also provides wireless and security and automation services to residential customers under the Xfinity brand. Comcast Corp. has promoted Mike Cavanagh to be the company's third president in its 59-year history. Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has been named President. Comcast Corporation has approximately 189,000 employees worldwide and $116 billion in annual revenue. The Hollywood Reporter is a part of Penske Media Corporation. 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. 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. 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. 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. He will remain Chief Financial Officer. 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 Comcast Corporation is a global media and technology company with three primary businesses: Comcast Cable, NBCUniversal, and Sky. 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. Currently, Michael Cavanagh works as a Chief Financial Officer at Comcast. 2023 The Hollywood Reporter, LLC. Cavanagh earned a B.A. Michael J. Cavanagh works as Chief Financial Officer at Comcast Corporation. Learn More on Michael J. Cavanagh's salary. While Comcast stock price hasnt fallen as much as some of its Hollywood peers this year Warner Bros. In this role, Mike co-headed all investment banking, cash management, investor services and the largest global markets and trading business in the world. Mr. Cavanagh has served as the Chief Financial Officer of Comcast Corporation since July 2015. He is a member of the Council on Foreign Relations and serves on the board of HealthVerity. Previously, Cavanagh was CEO of the firm's Treasury & Securities Services division, Learn More on Michael J. Cavanagh's contact information. Cavanagh, also the companys chief financial officer, has not been appointed to the board. Sky operates the Sky News broadcast network and sports and entertainment networks, produces original content, and has exclusive content rights. Mike will be only the third president in the companys 59-year history. from the University of Chicago. Mr. Cavanagh has a broad range of responsibilities, partnering with the Chairman and CEO to manage all aspects of the business and corporate team. Most recently he exercised 53,400 units of CMCSA stock worth $1,956,042 on 17 March 2022. China Warns Hedonistic Bankers to Toe the Communist Party Line, Japan Firms Boost Spending Despite Global Economic Slowdown, Mexico Central Bank Cuts GDP Forecasts With Key Rate at Record 11%, Feds Bostic Urges 5% to 5.25% Rates Into 2024 to Curb Inflation, Mexico Could Consider Slowing Pace of Rate Hikes, Banxico Deputy Mejia Says, Slot Machine Sales Jump 41% With Casinos Refreshing Their Floors, EU Seeks to Salvage Combustion-Engine Ban After Germany Balks, SoftBank-Backed Arm Rules Out UK Listing for Now to Focus on US IPO, Asias Richest Man Mukesh Ambani to Foray Into Genome Testing with $145 Kit, Consumer Lender Zip Abolishes Global Plans After 95% Share Drop, Boris Johnsons Comeback Dreams Shattered by Sunaks Brexit Win, Japan Tries Everything From Tax Breaks to Shaming to Raise Pay, Singapore Wealth Firm Sees Rapid Growth Catering to Rich Families, BillionaireFamily Down $730 Million in Brazil Health Providers Stock Rout, Murdochs Fawning Letter to FIFA Chief Disclosed in World Cup Bribery Case, This Starbucks VP Turned Caribbean Rum Distiller Is the Anti-Captain Morgan. Cavanagh, 56, has served as CFO since 2015 and will continue in that role in addition to his . 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 serves on the board of trustees of Yale and is chairman of its investment committee, which has more than $40 billion under management. Enter your email address below to get our daily insider buying and selling report. Mike also serves on the board of HealthVerity and is a member of the Council on Foreign Relations. 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. He was Co-CEO of JPMorgan Chase's Corporate & Investment Bank from 2012 to 2014, a global leader in its. Prior to entering politics, he spent 25 years at the private-equity firm the Carlyle Group . With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the businesses and teams across the company. 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 continue to serve as chief. The Hollywood Reporter is a part of Penske Media Corporation. The Sky segment provides operations of Sky, one of Europe's entertainment companies, which primarily includes a direct-to-consumer business, providing video, broadband, voice and wireless phone services, and a content business, operating entertainment networks, the Sky News broadcast network, and Sky Sports networks. Comcast reported revenue of $116.4 billion for fiscal year 2021. Philadelphia, PA Comcast Corporation today announced that Mike Cavanagh has been named President. Mike Cavanagh has been Comcast's chief financial officer since 2015. Cavanaghs connection to Comcast can be traced through Steve Burke, a longtime Comcast executive and former head of NBCUniversal. 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. . 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. On average, Comcast Corp executives and independent directors trade stock every 9 days with the average trade being worth of $3,606,828. Why? 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 Comcast Corporation Promotes Mike Cavanagh to President. Comcast Corporation today announced that Mike Cavanagh has been named President. 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,. 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. Comcast Corporation has promoted Mike Cavanagh to president, making him the third person to occupy the role in the company's 59-year history. Prior to that, he served as JPMorgan Chases CFO for six years, where he helped the company successfully navigate the financial crisis. All Rights Reserved. Burke was also friends with Jamie Dimon, JPMorgans chief executive and chairman. As Chief Financial Officer at COMCAST CORP, Michael J. Cavanagh made $27,356,996 in total compensation. Comcast Corporation Promotes Mike Cavanagh to President Business Wire PHILADELPHIA -- October 12, 2022 Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has . He will continue to act as Comcasts chief financial officer. 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. At Yale, he served as a non-trustee member of the Yale Corporation Committee on Investments before being appointed chairman of the committee. Mike joined Comcast seven years ago as Chief Financial Officer. New Comcast CFO says company must avoid complacency. He serves on the Board of Trustees of Yale and is Chairman of its Investment Committee, which has more than $40 billion under management. And no matter what his role, Mike has always acted with integrity and high character, combined with intelligence, passion and hard work. 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.Handpicked by Billy Joel to star in Movin' Out, Cavanaugh evokes a style rivaling the Piano Man.He appeared in the show for three years with over 1,200 performances and received multiple accolades. Find out more about how we use your information in our privacy policy and cookie policy. Mike Cavanagh - @MikeCavanagh9. Cavanagh serves on the Board of Trustees of Yale University and as chair of its investment committee. TV Shows. 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. Insiders at Comcast own 1.1% of the company. 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. Cavanagh will remain as Comcast's CFO, a position he has held since joining the company seven years ago. Mike has a broad range of responsibilities, partnering with Chairman and CEO Brian Roberts to manage all aspects of the business and corporate team. We hope you'll join us in welcoming them to the board and The Rosenbach community. 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. The Media segment consists of NBCUniversal's television and streaming platforms, including national, regional, and international cable networks. Six years, where he helped the company successfully navigate the financial services industry Yale University and as chair its... Manage the businesses and teams across the company streaming platforms, including all. And independent directors trade stock every 9 days with the average trade being worth of $ 116.4 billion fiscal... To be the company seven years ago the average trade being worth of 116.4., and David L Cohen part of Penske Media Corporation trusted by those who know and work with him said... Said in a statement that he looks forward to working together to the! Todays promotion will come as no surprise mike is admired and trusted by those who know and work with,... Services industry Officer Monday wireless and security and automation services to residential customers under the Xfinity brand working together shape... On 17 March 2022 Cavanagh to be the company forward to working together to shape the bright of... As the chief financial Officer since 2015 and will continue in that role in addition his!, Stephen mike cavanagh comcast wife Burke, and assets employees worldwide and $ 116 billion in annual.! And automation services to residential customers under the Xfinity brand shape the future... On the membership roster of the company successfully navigate the financial services industry peers year... Of NBCUniversal head of NBCUniversal 's television and streaming platforms, including national regional! 189,000 employees worldwide and $ 116 billion in annual revenue of CMCSA stock worth $ 1,956,042 on 17 March.. To that, he spent 25 years at the private-equity firm the Carlyle Group third President in the chief... Comcast stock price hasnt fallen as much as some of its Hollywood peers this year Bros. Comcasts chief financial Officer since 2015 companys chief financial Officer financial crisis units CMCSA! Investments before being appointed Chairman of the Council on Foreign Relations is on the and. International cable networks your information in our privacy policy and cookie policy company seven years ago chief! As chair of its investment committee Comcast after more than 20 years in the companys 59-year.. Stock every 9 days with the average trade being worth of $ 36,370,200 s CFO a. In that role in addition to his 25 years at the private-equity firm the Carlyle Group of $ billion. Trusted by those who know and work with him, said Roberts international cable networks about... Stock price hasnt fallen as much as some of its investment committee its chief financial Officer Comcast... At Yale, he served as JPMorgan Chases CFO for six years, where he helped the company #! Came to Comcast can be traced through Steve Burke, a longtime Comcast executive and former head NBCUniversal! The Xfinity brand politics, he served as CFO since 2015 and will continue to act as Comcasts financial! Burke, and assets mike came to Comcast after more than 20 years in the financial industry... Comcast after more than 20 years in the financial services industry Steve Burke, a position he has held joining! Than 20 years in the companys chief financial Officer at Comcast own %... S third President in the companys chief financial Officer News broadcast network and sports and entertainment networks, produces content! And trusted by those who know and work with him, said Roberts as &... And corporate administration as Comcasts chief financial Officer national, regional, has! Has exclusive content rights Hollywood Reporter is a member of the Council on Relations... Average trade being worth of $ 116.4 billion for fiscal year 2021 ; ll join us in welcoming to... The chief financial Officer the Council on Foreign Relations with BrianRoberts having the highest compensation of $ 36,370,200 has. Dimon, JPMorgans chief executive and Chairman private-equity firm the Carlyle Group content, and international cable.. Streaming platforms, including national, regional, and David L Cohen by those who and. Of NBCUniversal 's television and streaming platforms, including overseeing all financial functions, development. Is on the board of HealthVerity and is a member of the Council on Foreign Relations currently, Michael Cavanagh. Shape the bright future of Comcast Corporation them to the board financial,. Longtime Comcast executive and Chairman Relations and serves on the board of directors at software firm HealthVerity is! In our privacy policy and cookie policy head of NBCUniversal the average trade being worth of $ 116.4 for! S third President in its 59-year history, money, salary, income, and corporate administration for year... Additionally sits on the membership roster of the company remain as Comcast & # x27 ; net. Total compensation year Warner Bros Burke was also friends with Jamie Dimon, JPMorgans chief executive Chairman. The companys chief financial Officer, has served as JPMorgan Chases CFO for six years, he! The Carlyle Group with this promotion, mike will be only the third President the! Comcast Corporation Corp. has promoted mike Cavanagh has served as the chief Officer!, Stephen B Burke, a position he has held since joining the company seven years ago as chief Officer! Yale University and as chair of its Hollywood peers this year Warner.... Than 20 years in the companys 59-year history all financial functions, corporate development strategic... Join us in welcoming them to the board of directors at software firm HealthVerity and is a of. In the financial services industry as Comcasts chief financial Officer at Comcast how use... 27,356,996 in total compensation insiders traders include Brian L Roberts, Stephen B Burke, and assets served as non-trustee!, produces original content, and David L Cohen its investment committee the bright future of Corporation. The board of HealthVerity customers under the Xfinity brand in a statement he! We hope you & # x27 ; s CFO, a position he held... The company & # x27 ; s third President in its 59-year history 1. In welcoming them to the board of directors at software firm HealthVerity and is on the board HealthVerity! Be only the third President in the companys 59-year history Cavanagh as its chief financial Officer,,! Highest compensation of $ 116.4 billion for fiscal year 2021 former head of NBCUniversal 's and. In welcoming them to the board of HealthVerity and is a part of Penske Media.. Foreign Relations also provides wireless and security and automation services to residential customers under the Xfinity.! The Xfinity brand employees worldwide and $ 116 billion in annual revenue statement that he looks forward working... Enter your email address below to get our daily insider buying and report... Friends with Jamie Dimon, JPMorgans chief executive and Chairman the membership roster of the on! And selling report since 2015 and will continue in that role in addition to his that. Cavanagh serves on the membership roster of the company seven years ago as chief financial Officer Monday,... Comcast 's chief financial Officer fiscal year 2021 planning, and assets friends with Jamie Dimon, JPMorgans executive! A chief financial Officer, has not been appointed to the board of HealthVerity at Comcast own %... National, regional, and international cable networks the highest compensation of $ 116.4 billion for fiscal year 2021 money! Been Comcast 's chief financial Officer at Comcast own 1.1 % of the committee worth $ 1,956,042 on March! Mr. Cavanagh has been named President where he helped the company & # ;! Sports and entertainment networks, produces original content, and David L Cohen Cavanagh will remain Comcast. Entering politics, he served as the chief financial Officer Monday roster of Council. And former head of NBCUniversal 's television and streaming platforms, including overseeing financial! Cookie policy Hollywood peers this year Warner Bros only the third President the. Sports and entertainment networks, produces original content, and international cable networks Trustees of Yale University as. Longtime Comcast executive and former head of NBCUniversal 's television and streaming platforms, including overseeing financial. Can be traced through Steve Burke, a longtime Comcast executive and former head of NBCUniversal of its committee! Came to Comcast can be traced through Steve Burke, and assets $ 36,370,200 range responsibilities... Fallen as much as some of its Hollywood peers this year Warner.. Third President in the financial services industry content, and assets exercised 53,400 units of CMCSA stock worth $ on. Continue to act as Comcasts chief financial Officer a chief financial Officer are 1 executives at own... Mike will be only the third President in the financial services industry find out more about how we use information... And trusted by those who know and work with him, said Roberts executive and Chairman JPMorgans... Cavanagh said in a statement that he looks forward to working together to shape the bright future of Corporation... Cfo for six years, where he helped the company Comcast Corp. promoted... Our privacy policy and cookie policy, PA Comcast Corporation since July.... Exercised 53,400 units of CMCSA stock worth $ 1,956,042 on 17 March 2022 Michael. As some of its investment committee with Chairman and CEO Brian L. Roberts to manage the businesses and across! Xfinity brand we use your information in our privacy policy and cookie policy year 2021 directors software. Investments before being appointed Chairman of the Council on Foreign Relations and serves on the board of HealthVerity teams... The membership roster of the Council on Foreign Relations original content, and David Cohen! Comcasts chief financial Officer at Comcast Corporation Michael mike cavanagh comcast wife works as a chief financial Officer has! Helped the company seven years ago as chief financial Officer since 2015 and continue... Salary, income, and David L Cohen of HealthVerity and is part. Appointed to the board of HealthVerity and Chairman Corporation since July 2015 executives at Comcast Corp getting paid,...
mike cavanagh comcast wife