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. Last updated: 18 March 2022 at 5:05pm EST. Why? Get notified the next time Michael J. Cavanagh buys or sells Comcast stock. Eat steak, play golf, be happy! October 12, 2022. in News. 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 . 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. 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. "Athlete | Empire" presents the in-depth, intimate stories of these businesses, as told by the players themselves. According to ZoomInfo records, Michael Cavanagh's professional experience began in 2021. Comcast Corporation has promoted Mike Cavanagh to president, making him the third person to occupy the role in the company's 59-year history. Brian Roberts, Comcast's chairman and CEO, had previously held the title of president. 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. 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. You can change your choices at any time by visiting your privacy controls. 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. Mr. Cavanagh has a broad range of responsibilities, partnering with the Chairman and CEO to manage all aspects of the business and corporate team. The oldest executive at Comcast Corp is Maritza Montiel, 68, who is the Independent Director. I look forward to working together to shape the bright future of Comcast.. 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. Comcast said it signed a new employment agreement with recently named president Michael Cavanagh that runs through December 31, 2027. Learn More on Michael J. Cavanagh's trading history. Variety and the Flying V logos are trademarks of Variety Media, LLC. 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. 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 Learn More on Michael J. Cavanagh's contact information. Mike Cavanagh has been Comcast's chief financial officer since 2015. 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. To zoom out, use the keyboard shortcut [Ctrl] + [-] in Windows and [Cmd] + [-] on a Mac. Comcast Corp. promoted Mike Cavanagh, a former Wall Street banker, to president of the Philadelphia telecom and entertainment company, the company said Wednesday. Cavanagh, 56, has served as CFO since 2015 and will continue in that role in addition to his promotion to president. 2023 The Hollywood Reporter, LLC. JPMorgan came through the financial crisis of 2008-09 mostly unscathed. 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. 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. But a rogue trader in London in 2012 cost JPMorgan about $6 billion and brought regulators down on it. Learn More on Comcast's active insiders. He is a member of the Council on Foreign Relations and serves on the board of HealthVerity. Michael J. Cavanagh has not been actively trading shares of Comcast during the last quarter. Cavanaugh, who has spent nearly his entire coaching career mentoring offensive linemen, spent the last three seasons as the . Overnight on Wall Street is daytime in Asia. 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 serves on the Board of Trustees of Yale and is Chairman of its Investment Committee. 2023 The Hollywood Reporter, LLC. Mike Cavanagh - @MikeCavanagh9. (Podcast). It also provides wireless and security and automation services to residential customers under the Xfinity brand. The oldest executive at Comcast Corp is MaritzaMontiel, 68, who is the Independent Director. There are 18 older and 3 younger executives at Comcast Corp. According to a filing with the Securities & Exchange Commission, the deal calls for Cavanagh to receive an annual base salary of $2.5 million, effective March 1, 2023. Dimon said in a statement Wednesday that Cavanagh led complex global businesses at JPMorgan Chase and served as our chief financial officer through the worst parts of the global financial crisis.. Most recently he exercised 53,400 units of CMCSA stock worth $1,956,042 on 17 March 2022. Mr. Cavanagh was appointed a successor trustee in 2020. We, Yahoo, are part of the Yahoo family of brands. PHILADELPHIA--(BUSINESS WIRE)--Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has been named President. October 12, 2022. He will continue to serve as chief. 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. To zoom in, use [Ctrl] + [+] in Windows, and [Cmd] + [+] on a Mac. from Yale University and a J.D. Mike Cavanagh - @cjetnut. Mike joined Comcast seven years ago as Chief Financial Officer. 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. In recent years, Comcast also has struggled to transition to streaming entertainment from broadcast television and cable-TV formats. With this promotion, Mike will work closely with . . 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. Last month, Comcasts board sought to bolster the companys stock by purchasing up to $20 billion in shares as investors sold them. Sky operates the Sky News broadcast network and sports and entertainment networks, produces original content, and has exclusive content rights. Michael Cavanagh serves as President and Chief Financial Officer of Comcast Corporation. 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. 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. The most recent insider tranaction occured on February, 21st when Major Shareholder Corp Comcast sold 37,176 shares worth more than $75,467.28. Mike has a broad range of responsibilities, partnering with Chairman and CEO Brian Roberts to manage all aspects of the business and corporate team. Athletes' ambitions don't end when they leave the field of play. Mr. Cavanagh earned a B.A. This information is according to proxy statements filed for the 2021 fiscal year. Comcast Corporation is a global media and technology company with three primary businesses: Comcast Cable, NBCUniversal, and Sky. 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. Mr. Cavanagh has a broad range of responsibilities, partnering with the Chairman and CEO to manage all aspects of the business and corporate team. 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 . 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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? 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. A member of the Republican Party, Youngkin defeated former Democratic governor Terry McAuliffe in the 2021 Virginia gubernatorial election. He will continue to act as Comcasts chief financial officer. Cavanagh serves on the Board of Trustees of Yale University and as chair of its investment committee. 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. 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. 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 has been finance chief of the media and technology company for the last seven years. 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. 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. 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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. With his leadership, the company has expanded its reach significantly in the US and globally. Previously, Cavanagh was CEO of the firm's Treasury & Securities Services division, With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the businesses and teams across the company. Comcast said that it had already repurchased $9 billion worth this year. We have exceptional businesses with world-class executives in Dana, Dave, and Jeff and Im proud to call them my partners. Due to a planned power outage on Friday, 1/14, between 8am-1pm PST, some services may be impacted. In the last twelve months, insiders at the cable giant sold shares 8 times. He also serves on the board of software company HealthVerity and is a member of the Council on Foreign Relations. 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. In this role, Mike co-headed all investment banking, cash management, investor services, and the largest global markets and trading business in the world. You can see the complete history of Mr. Cavanagh stock trades at the bottom of the page. The company will report its full . Mike earned a B.A. There are 18 older and 3 younger executives at Comcast Corp. The Theme Parks segment operates Universal theme parks in Orlando, Florida, Hollywood, California, Osaka, Japan, and Beijing, China. Cavanagh joined Philadelphia-headquartered Comcast seven years ago as chief financial officer (CFO). 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. The Brian Roberts-led Comcast. As Chief Financial Officer at COMCAST CORP, Michael J. Cavanagh made $27,356,996 in total compensation. He is from United States. 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. An Inquirer reporter since 1993, I report stories with an emphasis on enterprise, corporations, college debt, and features with a money angle. The Brian Roberts-led Comcast. 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. 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. Public Records. Philadelphia, PA Comcast Corporation today announced that Mike Cavanagh has been named President. Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has been named President. On average, Michael trades about 15,269 units every 52 days since 2012. Mike has a broad range of responsibilities, including overseeing all financial functions, corporate development, strategic planning, and corporate administration. Member Since. Michael J. Cavanagh works as Chief Financial Officer at Comcast Corporation. Comcast Corporation has promoted Mike Cavanagh to president, making him the third person to occupy the role in the companys 59-year history. PHILADELPHIA, Pa. - Comcast Corporation today announced that Mike Cavanagh has been named President. 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. Learn More about insider trades at Comcast. The most active insiders traders include Brian L Roberts, Stephen B Burke, and David L Cohen. 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. 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,. 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. Served as the Co-President and Co-Chief Operating Officer of Comcast during the seven. The Co-President and Co-Chief Operating Officer of Comcast Corporation today announced that Mike Cavanagh has named! 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