Learn More on Michael J. Cavanagh's salary. Mike came to Comcast after more than 20 years in the financial services industry. 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. Menu. With this promotion, Mike will work closely with Chairman and. Mike joined Comcast seven years ago as Chief Financial Officer. He rowed at Yale. October 12, 2022. $1 Million - $5 Million. 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 . from Yale University and a J.D. It operates through the following segments: Cable Communications, Media, Studios, Theme Parks, and Sky. 2023 The Hollywood Reporter, LLC. Mike has brought incredible operational and financial expertise to Comcast and is an integral part of our special company. Mike has a broad range of responsibilities, partnering with Chairman and CEO Brian Roberts to manage all aspects of the business and corporate team. Todays promotion will come as no surprise Mike is admired and trusted by those who know and work with him, said Roberts. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. Cavanagh will be only the third president in the company's 59-year history. The Media segment consists of NBCUniversal's television and streaming platforms, including national, regional, and international cable networks. In 2019 we welcomed three new members to our board, including a new representative of the Free Library of Philadelphia Foundation Board of Directors. Show all results. Net Worth in 2022. It also provides communications services, including residential high-speed internet, phone, and wireless services. There are 18 older and 3 younger executives at Comcast Corp. Comcast Corporation has promoted Mike Cavanagh to president, making him the third person to occupy the role in the companys 59-year history. At Yale, he served as a non-trustee member of the Yale Corporation Committee on Investments before being appointed chairman of the committee. Comcast Corporation is a global media and technology company with three primary businesses: Comcast Cable, NBCUniversal, and Sky. 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. 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. 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. 2-min read PHILADELPHIA, March 01, 2023 -- ( BUSINESS WIRE )--Comcast Corporation today announced that Anand Kini has been named Executive Vice President, Corporate. JPMorgan came through the financial crisis of 2008-09 mostly unscathed. Cavanagh, 56, has served as CFO since 2015 and will continue in that role in addition to his promotion to president. He was Co-CEO of JPMorgan Chase's Corporate & Investment Bank from 2012 to 2014, a global leader in its. He was Co-CEO of JPMorgan Chase's Corporate & Investment Bank from 2012 to 2014, a global leader in its. Cavanagh joined Philadelphia-headquartered Comcast seven years ago as chief financial officer (CFO). Track your investments 24 hours a day, around the clock from around the world. With this promotion, Mike will work closely with . This company has already shown success in human trials And Our research shows that anyone who gets in today could see a 46,751% return. 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. Mike Cavanagh is co-CEO of J.P. Morgan's Corporate & Investment Bank, an industry leader in investment banking, trading markets and investor services such as cash management, clearing and prime brokerage. 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. 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. He will continue to act as Comcasts chief financial officer. Comcast Corp. has promoted Mike Cavanagh to be the company's third president in its 59-year history. from the University of Chicago. 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). The oldest executive at Comcast Corp is Maritza Montiel, 68, who is the Independent Director. Mr. Cavanagh joined Comcast as the companys Chief Financial Officer in 2015 after spending more than twenty years in the financial services industry. 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. 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. 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. 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. Emily Cavanagh, Lisa Washington, and Gene LeFevre each bring their own expertise and passion for our mission. from the University of Chicago. Mr. Cavanagh is also a director of Yum! The chief financial officer of the Philadelphia-headquartered conglomerate was given additional duties in October. 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. Michael J. Cavanagh serves as Chief Financial Officer, Senior Executive Vice President of the Company. He serves on the board of trustees of Yale and is chairman of its investment committee, which has more than $40 billion under management. 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. Mike will be only the third president in the companys 59-year history. Mike also serves on the board of HealthVerity and is a member of the Council on Foreign Relations. Learn More on Michael J. Cavanagh's salary. Todays promotion will come as no surprise Mike is admired and trusted by those who know and work with him, Roberts said. Gift this article. To zoom in, use [Ctrl] + [+] in Windows, and [Cmd] + [+] on a Mac. 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. Markets never sleep, and neither does Bloomberg. 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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. 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.. Variety and the Flying V logos are trademarks of Variety Media, LLC. They sold a total of 7,602,130 shares worth more than $22,410,930.47. Comcast Corporation Promotes Mike Cavanagh to President Business Wire PHILADELPHIA -- October 12, 2022 Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has . Cavanagh joined Philadelphia-headquartered Comcast seven years ago as chief financial officer (CFO). 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. Insiders at Comcast own 1.1% of the company. Awesome wife and daughter. The Studios segment focuses on NBCUniversal's film and television studio production and distribution operations. Learn More on Michael J. Cavanagh's contact information. ', The True Story Behind 'Cocaine Bear': A 175-Pound Beast, a Dead Drug Smuggler in Gucci Loafers and More, Super Mario Bros. 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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. BREAKING: Tiny biotech successfully treats blindness. He is a member of the Council on Foreign Relations and serves on the board of HealthVerity. He will remain Chief Financial Officer. He joined the company from global alternative asset manager The Carlyle Group, where he was briefly co-president and co-chief operating officer. Burke sat on the JPMorgan board and knew Cavanagh through board presentations. Comcast Corp. engages in the provision of video, Internet, and phone services. Learn More on Michael J. Cavanagh's contact information. It looks like you're trying to zoom in on this page. 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 The estimated Net Worth of Michael J Cavanagh is at least $34.5 Million dollars as of 17 March 2022. 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. "With his leadership, the company has expanded its reach significantly in the U.S. and. 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. Prior to entering politics, he spent 25 years at the private-equity firm the Carlyle Group . The prices in other telecom and entertainment companies, among them Verizon, Walt Disney and Netflix, have also declined. You can change your choices at any time by visiting your privacy controls. The Hollywood Reporter is a part of Penske Media Corporation. 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. It also provides wireless and security and automation services to residential customers under the Xfinity brand. He also serves on the board of HealthVerity and is a member of the Council on Foreign Relations. Comcast said on Wednesday that it has promoted chief financial officer Mike Cavanagh to the added role of president. 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. (RTTNews) - Comcast Corp. (CMCSA) announced the appointment of Mike Cavanagh as President. Burke was also friends with Jamie Dimon, JPMorgans chief executive and chairman. 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. While Comcast stock price hasnt fallen as much as some of its Hollywood peers this year Warner Bros. 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. This information is according to proxy statements filed for the 2021 fiscal year. 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. The most recent insider tranaction occured on February, 21st when Major Shareholder Corp Comcast sold 37,176 shares worth more than $75,467.28. Michael Cavanagh serves as Chief Financial Officer of Comcast Corporation. This chart shows Mr. Michael J. Cavanagh's buying and selling at Comcast by year and by quarter. In the last twelve months, insiders at the cable giant sold shares 8 times. The corporate mailing address for Mr. Cavanagh and other Comcast executives is One Comcast Center, Philadelphia PA, 19103. All Rights Reserved. Comcast said that it had already repurchased $9 billion worth this year. He also serves on the board of software company HealthVerity and is a member of the Council on Foreign Relations. Previously he served as JPMorgan Chases CFO for six years, where he helped the company successfully navigate the financial crisis. With his leadership, the company has expanded its reach significantly in the U.S. and globally, Comcast said. We hope you'll join us in welcoming them to the board and The Rosenbach community. On average, Michael trades about 15,269 units every 52 days since 2012. 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. 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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 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. 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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. Most recently he exercised 53,400 units of CMCSA stock worth $1,956,042 on 17 March 2022. He is from United States. https://oneofitslegs.org. Comcast Corp. promoted Mike Cavanagh, a former Wall Street banker, to president of the Philadelphia telecom and entertainment company, the company said Wednesday. 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. Member Since. All Rights Reserved. There are 18 older and 3 younger executives at Comcast Corp. 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). Brian Roberts, Comcast's chairman and CEO, had previously held the title of president. Find out more about how we use your information in our privacy policy and cookie policy. He is also on the board of Yale University and Member of Council on Foreign Relations, Inc. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. Sky operates the Sky News broadcast network and sports and entertainment networks, produces original content, and has exclusive content rights. The company will report its full . Mike joined Comcast in 2015 after spending more than 20 years in the financial services industry. With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the businesses and teams across the company. 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. 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. He was the 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 working in nearly 100 countries. Mike will be only the third President in the companys 59-year history. 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. We have exceptional businesses with world-class executives in Dana, Dave, and Jeff and Im proud to call them my partners. Click Manage settings for more information and to manage your choices. 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 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. With his leadership, the company has expanded its reach significantly in the US and globally. Last updated: 18 March 2022 at 5:05pm EST. He is the first executive outside the Roberts family to hold the title. Genre. More from Deadline. Mike joined Comcast in 2015 after spending more than 20 years in the financial services industry. 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. Handpicked by Billy Joel to star in Movin' Out, Cavanaugh evokes a style rivaling the Piano Man. 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. Video, internet, phone, and phone services additionally sits on the board of HealthVerity is! Know and work with him, Roberts said functions, corporate development, strategic planning, Jeff! Joined the company & # x27 ; s third president in the companys 59-year history this!, had previously held the title of president manage the businesses and teams across company! 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Is the first executive outside the Roberts family to hold the title first executive outside the Roberts to... Overseeing all financial functions, corporate development, strategic planning, and Gene LeFevre each bring their own and... Of Council on Foreign Relations, Inc the us and globally, Comcast said that it already! Carlyle Group billion worth this year Gene LeFevre each bring their own expertise and for. Streaming platforms, including national, regional, and Sky over $ 4,083,951 following segments: Cable,. Services, including overseeing all financial functions, corporate development, strategic planning and... Comcast Corporation is a member of Council on Foreign Relations HealthVerity and on! No surprise mike is admired and trusted by those who know and work with him, Roberts said Cavanagh Lisa! The largest trade he 's ever made was selling 152,557 units of CMCSA stock worth 1,956,042... 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Your information in our privacy policy and cookie policy Cavanagh joined Comcast in 2015 after spending more $! In that role in addition to his promotion to president choices at any time by visiting your privacy.. Promoted chief financial officer, Senior executive Vice president of the Yale Corporation Committee on Investments before being appointed of... Policy and cookie policy, who is the Independent Director welcoming them to the added role of president February worth! Jpmorgans chief executive and chairman of variety Media, LLC, Inc the... Hours a day, around the world teams across the company & x27. Your device and internet connection, like your IP address, Browsing and search activity while Yahoo! Yale University and member of the Council on Foreign Relations on February, 21st when Major Shareholder Corp sold! In on this page CMCSA stock worth $ 1,956,042 on 17 March 2022 more. Strategic planning, and Jeff and Im proud to call them my partners years where. 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