Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. The Brian Roberts-led Comcast disclosed Dec. 30 that it entered into a new employment agreement with Cavanagh through the end of 2027. There are 18 older and 3 younger executives at Comcast Corp. Mike has a broad range of responsibilities, partnering with Chairman and CEO Brian Roberts to manage all aspects of the business and corporate team. October 12, 2022. 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. Live market coverage co-anchored from Hong Kong and New York. Michael Cavanagh Work Experience and Education. 2023 Variety Media, LLC. 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. Comcast Corporation today announced that Mike Cavanagh has been named President. 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. As of 17 March 2022 he still owns at least 98,709 units of Comcast Corp stock. BREAKING: Tiny biotech successfully treats blindness. They sold a total of 7,602,130 shares worth more than $22,410,930.47. Cavanagh serves on the Board of Trustees of Yale University and as chair of its investment committee. Comcast Corp. promoted Mike Cavanagh, a former Wall Street banker, to president of the Philadelphia telecom and entertainment company, the company said Wednesday. Mike Cavanagh has been Comcast's chief financial officer since 2015. 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. Movies. 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. Show all results. 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. 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. 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. 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 on Michael J. Cavanagh's trading history. He will continue to serve as chief. 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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. Subscribe for full access to The Hollywood Reporter, The former banker is "only the third president in the companys 59-year history.". The Hollywood Reporter is a part of Penske Media Corporation. 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. Comcast Corporation (NASDAQ:CMCSA) announced that current CFO Mike Cavanagh has been also named President.Mike will be the third President in the company's . Michael J. Cavanagh serves as Chief Financial Officer, Senior Executive Vice President of the Company. Salary in 2022. We have estimated Michael Cavanaugh's net worth , money, salary, income, and assets. 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). $1 Million - $5 Million. And we are both very focused on continuing to innovate and grow this wonderful company for all our employees, customers and guests., Sign up for THR news straight to your inbox every day. Comcast said that it had already repurchased $9 billion worth this year. Handpicked by Billy Joel to star in Movin' Out, Cavanaugh evokes a style rivaling the Piano Man. "With his leadership, the company has expanded its reach significantly in the U.S. and. Comcast named Michael J. Cavanagh as its chief financial officer Monday. Its an honor to work with Brian to lead this great company, Cavanagh added. The Hollywood Reporter is a part of Penske Media Corporation. It operates through the following segments: Cable Communications, Media, Studios, Theme Parks, and Sky. 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. On average, Comcast Corp executives and independent directors trade stock every 9 days with the average trade being worth of $3,606,828. He is also on the board of Yale University and Member of Council on Foreign Relations, Inc. Cavanagh will be only the third president in the company's 59-year history. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. 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. 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. Michael's mailing address filed with the SEC is ONE COMCAST CENTER, , PHILADELPHIA, PA, 19103. News Wire Feed Light Reading 10/12/2022. Previously, Cavanagh was CEO of the firm's Treasury & Securities Services division, Comcast Corp. promoted Mike Cavanagh, a former Wall Street banker, to president of the Philadelphia telecom and entertainment company, the company said Wednesday. Mike Cavanagh - @MikeCavanagh9. 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. A member of the Republican Party, Youngkin defeated former Democratic governor Terry McAuliffe in the 2021 Virginia gubernatorial election. PHILADELPHIA -- (BUSINESS WIRE)--Oct. 12, 2022-- Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has been named President. Comcast said chief financial officer Mike Cavanagh has been promoted to president, working with chairman and CEO Brian Roberts. Currently, Michael Cavanagh works as a Chief Financial Officer at Comcast. Cavanagh was raised on Long Island in an Irish-Catholic family. Cavanagh will remain as Comcast's CFO, a position he has held since joining the company seven years ago. Sky operates the Sky News broadcast network and sports and entertainment networks, produces original content, and has exclusive content rights. It most recently tallied revenue of $29.85 billion in the third quarter of 2022, ending Sept. 30. Mr. Cavanagh joined Comcast as the companys Chief Financial Officer in 2015 after spending more than twenty years in the financial services industry. Mike joined Comcast in 2015 after spending more than 20 years in the financial services industry, primarily for JPMorganChase and the Carlyle Group. He also served as JPMorgan Chases CFO for six years helping steer the company to successfully navigate the financial crisis. 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 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. from the University of Chicago. Sky is one of Europe's leading media and entertainment companies, connecting customers to a broad range of video content through its pay television services. 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. Mike came to Comcast after more than 20 years in the financial services industry. 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. Cavanagh joined Philadelphia-headquartered Comcast seven years ago as chief financial officer (CFO). Comcast CFO Mike Cavanagh will take on the additional role of president. Mike joined Comcast in 2015 after spending more than 20 years in the financial services industry. In the last twelve months, insiders at the cable giant sold shares 8 times. I look forward to working together to shape the bright future of Comcast.. Todays promotion will come as no surprise Mike is admired and trusted by those who know and work with him, said Roberts. Since then Michael has changed 3 companies and 2 roles. 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. Cavanagh earned a B.A. The global economy also faces a potential recession. Cavanagh has been finance chief of the media and technology company for the last seven years. 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. 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 . TV Shows. Michael J. Cavanagh serves as Senior Executive Vice President and Chief Financial Officer of Comcast Corporation. With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the businesses and teams across the company. 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. Burke and Dimon attended Harvard Business School together, graduating in 1982. 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.. All Rights Reserved. Learn More on Comcast's active insiders. The oldest executive at Comcast Corp is Maritza Montiel, 68, who is the Independent Director. 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. 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 Cavanagh is 54, he's been the Chief Financial Officer and Senior Executive Vice President of Comcast Corp since 2015. 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. Mike will be only the third President in the companys 59-year history. Memoir, Humor and Comedy, Romance. 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. 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. from the University of Chicago. Mike will be only the third president in the companys 59-year history. PHILADELPHIA--(BUSINESS WIRE)--Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has been named President. Mike has a broad range of responsibilities, including overseeing all financial functions, corporate development, strategic planning, and corporate administration. Cavanagh, 56, has served as CFO since 2015 and will continue in that role in addition to his promotion to president. Genre. On average, Michael trades about 15,269 units every 52 days since 2012. 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. 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. He serves on the board of trustees of Yale and is chairman of its investment committee, which has more than $40 billion under management. Chart Data in Insider Trading History Table. Overnight on Wall Street is daytime in Asia. What's on TV & Streaming Top 250 TV Shows Most Popular TV Shows Browse TV Shows by Genre TV News India TV Spotlight. Emily Cavanagh, Lisa Washington, and Gene LeFevre each bring their own expertise and passion for our mission. Information on this page was last updated on 2/21/2023. 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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. Track your investments 24 hours a day, around the clock from around the world. 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. Michael J. Cavanagh works as Chief Financial Officer at Comcast Corporation. from Yale and a J.D. Comcast Corporation has promoted Mike Cavanagh to president, making him the third person to occupy the role in the company's 59-year history. 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. Mr. Cavanagh served as the Co-President and Co-Chief Operating Officer at The Carlyle Group LP since joining in April 2014. Due to a planned power outage on Friday, 1/14, between 8am-1pm PST, some services may be impacted. 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. He was the Co-CEO of JPMorgan Chase's . . . Learn More on Michael J. Cavanagh's salary. Enter your email address below to get our daily insider buying and selling report. The Brian Roberts-led Comcast. The prices in other telecom and entertainment companies, among them Verizon, Walt Disney and Netflix, have also declined. Burke sat on the JPMorgan board and knew Cavanagh through board presentations. 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 . He was Co-CEO of JPMorgan Chase's Corporate & Investment Bank from 2012 to 2014, a global leader in its. Mike Cavanagh | Comcast. Mike came to Comcast after more than 20 years in the financial services industry. Comcast said it signed a new employment agreement with recently named president Michael Cavanagh that runs through December 31, 2027. 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. (Podcast). All Rights Reserved. It also provides wireless and security and automation services to residential customers under the Xfinity brand. 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. Mike has brought incredible operational and financial expertise to Comcast and is an integral part of our special company. As the Sr. EVP & CFO of Comcast Co., Mr. Cavanagh earned a total compensation package of $369,489.00 in 2021. Mike also serves on the board of HealthVerity and is a member of the Council on Foreign Relations. 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. With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the . With this promotion, Mike will work closely with . 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. 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. He was Co-CEO of JPMorgan Chase's Corporate & Investment Bank from 2012 to 2014, a global leader in its. Comcast Corporation (NASDAQ: CMCSA) on Oct. 12 announced that its present chief financial officer, Mike Cavanagh, has been named president of the company. 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. The Media segment consists of NBCUniversal's television and streaming platforms, including national, regional, and international cable networks. 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