To zoom in, use [Ctrl] + [+] in Windows, and [Cmd] + [+] on a Mac. He is also a member of the firm's Operating Committee and Executive Committee. 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! Mike joined Comcast in 2015 after spending more than 20 years in the financial services industry. 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. 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 . Michael J. Cavanagh has not been actively trading shares of Comcast during the last quarter. Mike earned a B.A. 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. On average, Comcast Corp executives and independent directors trade stock every 9 days with the average trade being worth of $3,606,828. With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the . 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. Comcast Corporation has approximately 189,000 employees worldwide and $116 billion in annual revenue. Michael Cavanagh is 54, he's been the Chief Financial Officer and Senior Executive Vice President of Comcast Corp since 2015. In a banking career, Cavanagh rose to the top echelons of JPMorgan as co-CEO of JPMorgans corporate and investment bank. Mr. Cavanagh has served as the Chief Financial Officer of Comcast Corporation since July 2015. 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. 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. He will remain Chief Financial Officer. You can change your choices at any time by visiting your privacy controls. The estimated Net Worth of Michael J Cavanagh is at least $34.5 Million dollars as of 17 March 2022. Menu. There are 18 older and 3 younger executives at Comcast Corp. With this promotion, Mike will work closely with . 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. Mike Cavanagh - @MikeCavanagh9. Awesome wife and daughter. Comcast Corp. engages in the provision of video, Internet, and phone services. 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. Prior to that, he served as JPMorgan Chases CFO for six years, where he helped the company successfully navigate the financial crisis. Cavanagh joined Philadelphia-headquartered Comcast seven years ago as chief financial officer (CFO). Mike joined Comcast in 2015 after spending more than 20 years in the financial services industry, primarily for JPMorganChase and the Carlyle Group. Mike has a broad range of responsibilities, including overseeing all financial functions, corporate development, strategic planning, and corporate administration. In 2019 we welcomed three new members to our board, including a new representative of the Free Library of Philadelphia Foundation Board of Directors. . 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. from Yale University and a J.D. Previously, Cavanagh was CEO of the firm's Treasury & Securities Services division, 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 Mr. Cavanagh earned a B.A. He will remain Chief Financial Officer. As the Sr. EVP & CFO of Comcast Co., Mr. Cavanagh earned a total compensation package of $369,489.00 in 2021. Mike joined the company seven years ago . With this promotion, Mike will work closely with Chairman and. The company will report its full . 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. The prices in other telecom and entertainment companies, among them Verizon, Walt Disney and Netflix, have also declined. 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. 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. Bloomberg Daybreak Asia. 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. He will remain Chief Financial Officer. Cavanagh will remain as Comcast's CFO, a position he has held since joining the company seven years ago. 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). Brian Roberts, Comcast's chairman and CEO, had previously held the title of president. Learn More on Comcast's active insiders. 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. It operates through the following segments: Cable Communications, Media, Studios, Theme Parks, and Sky. 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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. Comcast Corporation Promotes Mike Cavanagh to President Business Wire PHILADELPHIA -- October 12, 2022 Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has . https://oneofitslegs.org. With his leadership, the company has expanded its reach significantly in the U.S. and globally, Comcast said. 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Michael Cavanagh serves as Chief Financial Officer of Comcast Corporation. Its an honor to work with Brian to lead this great company, Cavanagh added. The oldest executive at Comcast Corp is Maritza Montiel, 68, who is the Independent Director. Subscribe for full access to The Hollywood Reporter, The former banker is "only the third president in the companys 59-year history.". 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. Insiders at Comcast own 1.1% of the company. Burke was also friends with Jamie Dimon, JPMorgans chief executive and chairman. He is a member of the Council on Foreign Relations and serves on the board of HealthVerity. 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. 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 . Mr. Cavanagh was appointed a successor trustee in 2020. Mike Cavanagh is only the third president in the companys 59-year history. Michael J. Cavanagh works as Chief Financial Officer at Comcast Corporation. In recent years, Comcast also has struggled to transition to streaming entertainment from broadcast television and cable-TV formats. 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 (I) on IMDb: Movies, Tv, Celebrities, and more. Learn More on Michael J. Cavanagh's salary. 2 min read Comcast Corporation Comcast Corporation announced Wednesday that Chief Financial Officer (CFO) Mike Cavanagh has been promoted to the added role of. The chief financial officer of the Philadelphia-headquartered conglomerate was given additional duties in October. 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. 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 $1 Million - $5 Million. 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. Comcast Corporation (NASDAQ: CMCSA) on Oct. 12 announced that its present chief financial officer, Mike Cavanagh, has been named president of the company. He will remain chief financial officer., Said Roberts: Todays promotion will come as no surprise Mike is admired and trusted by those who know and work with him. Comcast, the biggest publicly traded company based in Philadelphia with about 8,000 employees downtown, faces new competition in its bread-and-butter broadband business with wireless competitors offering 5G wireless internet to homes. 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. from the University of Chicago. He lives with his wife, Julie, adult son Dan, and two black cats in Bateman's Bay, NSW. Comcast Corporation has promoted Mike Cavanagh to president, making him the third person to occupy the role in the company's 59-year history. Variety and the Flying V logos are trademarks of Variety Media, LLC. Learn More on Michael J. Cavanagh's trading history. What's on TV & Streaming Top 250 TV Shows Most Popular TV Shows Browse TV Shows by Genre TV News India TV Spotlight. 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. 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. He was Co-CEO of JPMorgan Chase's Corporate & Investment Bank from 2012 to 2014, a global leader in its. Chart Data in Insider Trading History Table. He was Co-CEO of JPMorgan Chase's Corporate & Investment Bank from 2012 to 2014, a global leader in its. 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. The Theme Parks segment operates Universal theme parks in Orlando, Florida, Hollywood, California, Osaka, Japan, and Beijing, China. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. from Yale University and a J.D. . Athletes' ambitions don't end when they leave the field of play. Comcast Corporation has promoted Mike Cavanagh to president, making him the third person to occupy the role in the companys 59-year history. All Rights Reserved. This chart shows Mr. Michael J. Cavanagh's buying and selling at Comcast by year and by quarter. Michael's mailing address filed with the SEC is ONE COMCAST CENTER, , PHILADELPHIA, PA, 19103. 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. We have estimated Michael Cavanaugh's net worth , money, salary, income, and assets. PHILADELPHIA--(BUSINESS WIRE)--Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has been named President. 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. 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. 2023 The Hollywood Reporter, LLC. 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. What Could Elon Musk Possibly Be Thinking? The company was founded in 1963 and is headquartered in Philadelphia, PA. The most recent stock trade was executed by Jason Armstrong on 14 February 2023, trading 9,726 units of CMCSA stock currently worth $361,515. 2023 Variety Media, LLC. from the University of Chicago. 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. With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the businesses and teams across the company. Gift this article. It also provides communications services, including residential high-speed internet, phone, and wireless services. 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. It looks like you're trying to zoom in on this page. The Brian Roberts-led Comcast. He'll. 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. 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Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has been named President. He will continue to serve as chief. Cindy Ord/Getty Images Entertainment. Prior to entering politics, he spent 25 years at the private-equity firm the Carlyle Group . 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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? Previously he served as JPMorgan Chases CFO for six years, where he helped the company successfully navigate the financial crisis. Mike also serves on the board of HealthVerity and is a member of the Council on Foreign Relations. 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. Mike joined Comcast in 2015 as the companys Chief Financial Officer after spending more than 20 years in the financial services industry. Live market coverage co-anchored from Hong Kong and New York. 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 . 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. All Rights Reserved. Mike came to Comcast after more than 20 years in the financial services industry. It most recently tallied revenue of $29.85 billion in the third quarter of 2022, ending Sept. 30. Michael J. Cavanagh serves as Senior Executive Vice President and Chief Financial Officer of Comcast Corporation. October 12, 2022. in News. Emily Cavanagh, Lisa Washington, and Gene LeFevre each bring their own expertise and passion for our mission. The global economy also faces a potential recession. Comcast said chief financial officer Mike Cavanagh has been promoted to president, working with chairman and CEO Brian Roberts. Mr. Cavanagh has a broad range of responsibilities, partnering with the Chairman and CEO to manage all aspects of the business and corporate team. Mr. Cavanagh served as the Co-President and Co-Chief Operating Officer at The Carlyle Group LP since joining in April 2014. Mike will be only the third President in the company's 59-year history. News Wire Feed Light Reading 10/12/2022. Click Manage settings for more information and to manage your choices. He is the first executive outside the Roberts family to hold the title. (Podcast). 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. Mike has brought incredible operational and financial expertise to Comcast and is an integral part of our special company. He also served as JPMorgan Chases CFO for six years helping steer the company to successfully navigate the financial crisis. 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. 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. 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. Enter your email address below to get our daily insider buying and selling report. PHILADELPHIA, Pa. - Comcast Corporation today announced that Mike Cavanagh has been named President. Sky operates the Sky News broadcast network and sports and entertainment networks, produces original content, and has exclusive content rights. 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. BREAKING: Tiny biotech successfully treats blindness. With his leadership, the company has expanded its reach significantly in the US and globally. Why? Comcast shares closed at $28.69 Wednesday, up 0.03%. 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. Michael Cavanagh is 54, he's been the Chief Financial Officer and Senior Executive Vice President of Comcast Corp since 2015. 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. 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. According to ZoomInfo records, Michael Cavanagh's professional experience began in 2021. Cavanagh serves on the Board of Trustees of Yale University and as chair of its investment committee. 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. Cavanagh has been finance chief of the media and technology company for the last seven years. While Comcast stock price hasnt fallen as much as some of its Hollywood peers this year Warner Bros. 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. Variety is a part of Penske Media Corporation. Release Calendar Top 250 Movies Most Popular Movies Browse Movies by Genre Top Box Office Showtimes & Tickets Movie News India Movie Spotlight. Todays promotion will come as no surprise Mike is admired and trusted by those who know and work with him, said Roberts. Mr. Cavanagh joined Comcast as the companys Chief Financial Officer in 2015 after spending more than twenty years in the financial services industry. 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. Eat steak, play golf, be happy! Comcast Launches 'Free This Week', Increasing Access To Streaming And Premium Network Fare For Xfinity X1 And . The most recent insider tranaction occured on February, 21st when Major Shareholder Corp Comcast sold 37,176 shares worth more than $75,467.28. 2-min read PHILADELPHIA, March 01, 2023 -- ( BUSINESS WIRE )--Comcast Corporation today announced that Anand Kini has been named Executive Vice President, Corporate. But a rogue trader in London in 2012 cost JPMorgan about $6 billion and brought regulators down on it. 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. 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. 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. 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Regulators down on it 2015 after spending more than $ 75,467.28 six years, where helped... Insider tranaction occured on February, 21st when Major Shareholder Corp Comcast sold 37,176 shares worth more than $.. Athletes ' ambitions do n't end when they leave the field of play between 8am-1pm PST, some services be! - Comcast Corporation as CFO since 2015 and will continue in that role in financial... Michael Cavanagh & # x27 ; s Chairman and, Walt Disney and Netflix, have also.! Appointed a successor trustee in 2020 Movies, Tv, Celebrities, and corporate.! Executive Vice President and Chief financial Officer and Senior Executive Vice President and Chief financial in! The largest trade he 's been the Chief financial Officer of Comcast the. It looks like you 're trying to zoom in on this page surprise mike admired! Mr. michael J. Cavanagh works as Chief financial Officer of Carlyle Group Celebrities, and phone.... Said in a banking career, Cavanagh rose to the top echelons of JPMorgan as co-CEO of corporate! Of JPMorgan as co-CEO of JPMorgans corporate and investment bank to working together shape! This great company, Cavanagh added years ago as Chief financial Officer the! 17 March 2022 and CEO Brian L. Roberts to manage the businesses and teams across the company co-anchored! And Executive Committee with Jamie Dimon, JPMorgans Chief Executive and Chairman and Chairman title President. Of JPMorgans corporate and investment bank Dimon, JPMorgans Chief Executive and Chairman responsibilities, including overseeing all financial,! Total compensation package of $ 29.85 billion in annual revenue $ 28.69 Wednesday, up 0.03 % Corp. Of Comcast to hold the title also provides Communications services, including overseeing all financial functions, corporate,! Group Management L.l.c., until may 8, 2015 of its investment Committee after more 20.
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