Mike came to Comcast after more than 20 years in the financial services industry. Philadelphia, PA Comcast Corporation today announced that Mike Cavanagh has been named President. The estimated Net Worth of Michael J Cavanagh is at least $34.5 Million dollars as of 17 March 2022. 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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. 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. Cavanagh was raised on Long Island in an Irish-Catholic family. 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. 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. With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the businesses and teams across the company. Mike joined Comcast in 2015 after spending more than 20 years in the financial services industry. https://oneofitslegs.org. JPMorgan came through the financial crisis of 2008-09 mostly unscathed. Mike Cavanagh - @MikeCavanagh9. Mr. Cavanagh has a broad range of responsibilities, partnering with the Chairman and CEO to manage all aspects of the business and corporate team. Learn More on Michael J. Cavanagh's contact information. 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 earned a B.A. With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the . 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. 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 . 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. It also provides communications services, including residential high-speed internet, phone, and wireless services. 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. It operates through the following segments: Cable Communications, Media, Studios, Theme Parks, and Sky. There are 1 executives at Comcast Corp getting paid more, with BrianRoberts having the highest compensation of $36,370,200. With his leadership, the company has expanded its reach significantly in the US and globally. Trustee 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. On average, Michael trades about 15,269 units every 52 days since 2012. Mike joined Comcast in 2015 after spending more than 20 years in the financial services industry. Why? 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 was the Co-CEO of JPMorgan Chase's . 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. 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. 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. 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. Comcast Corp executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. Comcast has approximately 186,000 employees worldwide and $121 billion in annual revenue. Menu. Cavanaghs connection to Comcast can be traced through Steve Burke, a longtime Comcast executive and former head of NBCUniversal. While Comcast stock price hasnt fallen as much as some of its Hollywood peers this year Warner Bros. 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. He is also a member of the firm's Operating Committee and Executive Committee. 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. 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. As the Sr. EVP & CFO of Comcast Co., Mr. Cavanagh earned a total compensation package of $369,489.00 in 2021. Track your investments 24 hours a day, around the clock from around the world. Public Records. Comcast Corp. promoted Mike Cavanagh, a former Wall Street banker, to president of the Philadelphia telecom and entertainment company, the company said Wednesday. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. from Yale University and a J.D. Sky operates the Sky News broadcast network and sports and entertainment networks, produces original content, and has exclusive content rights. 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 . Mike has a broad range of responsibilities, including overseeing all financial functions, corporate development, strategic planning, and corporate administration. Mike came to Comcast after more than 20 years in the financial services industry. Member Since. He will remain Chief Financial Officer. They sold a total of 7,602,130 shares worth more than $22,410,930.47. 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 lives with his wife, Julie, adult son Dan, and two black cats in Bateman's Bay, NSW. Michael Cavanagh serves as Chief Financial Officer of Comcast Corporation. We have exceptional businesses with world-class executives in Dana, Dave, and Jeff and Im proud to call them my partners. READ MORE: New Comcast CFO says company must avoid complacency [from 2015]. Mike Cavanagh is only the third president in the companys 59-year history. Mike joined Comcast in 2015 as the companys Chief Financial Officer after spending more than 20 years in the financial services industry. It looks like you're trying to zoom in on this page. 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. Learn More on Michael J. Cavanagh's trading history. Mike has brought incredible operational and financial expertise to Comcast and is an integral part of our special company. Burke sat on the JPMorgan board and knew Cavanagh through board presentations. 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. Mr. Cavanagh was appointed a successor trustee in 2020. Mike joined Comcast seven years ago as Chief Financial Officer. Movies. Gift this article. Show all results. Previously, Cavanagh was CEO of the firm's Treasury & Securities Services division, from the University of Chicago. In this role, Mike co-headed all investment banking, cash management, investor services and the largest global markets and trading business in the world. Mike Cavanagh is now in his sixties and has no idea how that happened. Mr. Cavanagh is also a director of Yum! 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. The Theme Parks segment operates Universal theme parks in Orlando, Florida, Hollywood, California, Osaka, Japan, and Beijing, China. . The most recent insider tranaction occured on February, 21st when Major Shareholder Corp Comcast sold 37,176 shares worth more than $75,467.28. He is also on the board of Yale University and Member of Council on Foreign Relations, Inc. Last updated: 18 March 2022 at 5:05pm EST. The Media segment consists of NBCUniversal's television and streaming platforms, including national, regional, and international cable networks. He also serves on the board of HealthVerity and is a member of the Council on Foreign Relations. from the University of Chicago. Mike Cavanaugh. Mike Cavanagh, Senior Executive Vice President & Chief Financial Officer, and APA Executive Champion, shares his thoughts on why it's important to be open when receiving feedback. What's on TV & Streaming Top 250 TV Shows Most Popular TV Shows Browse TV Shows by Genre TV News India TV Spotlight. Comcast said on Wednesday that it has promoted chief financial officer Mike Cavanagh to the added role of president. A member of the Republican Party, Youngkin defeated former Democratic governor Terry McAuliffe in the 2021 Virginia gubernatorial election. 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 . 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. There are 18 older and 3 younger executives at Comcast Corp. Last month, Comcasts board sought to bolster the companys stock by purchasing up to $20 billion in shares as investors sold them. Mike Cavanagh | Comcast. Emily Cavanagh, Lisa Washington, and Gene LeFevre each bring their own expertise and passion for our mission. Cavanagh, 56, has served as CFO since 2015 and will continue in that role in addition to his promotion to president. Get notified the next time Michael J. Cavanagh buys or sells Comcast stock. PHILADELPHIA--(BUSINESS WIRE)--Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has been named President. It also provides wireless and security and automation services to residential customers under the Xfinity brand. Comcast Corporation is a global media and technology company with three primary businesses: Comcast Cable, NBCUniversal, and Sky. He will remain Chief Financial Officer. The corporate mailing address for Mr. Cavanagh and other Comcast executives is One Comcast Center, Philadelphia PA, 19103. 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