He is the first executive outside the Roberts family to hold the title. 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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? 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. It most recently tallied revenue of $29.85 billion in the third quarter of 2022, ending Sept. 30. We, Yahoo, are part of the Yahoo family of brands. Mike earned a B.A. 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. Its an honor to work with Brian to lead this great company, Cavanagh added. Comcast Corporation is a global media and technology company with three primary businesses: Comcast Cable, NBCUniversal, and Sky. He will remain Chief Financial Officer. October 12, 2022. in News. Cavanagh, 56, has served as CFO since 2015 and will continue in that role in addition to his . Member Since. At Yale, he served as a non-trustee member of the Yale Corporation Committee on Investments before being appointed chairman of the committee. Mike Cavanagh is only the third president in the companys 59-year history. Mike has brought incredible operational and financial expertise to Comcast and is an integral part of our special company. Prior to that, he served as JPMorgan Chases CFO for six years, where he helped the company successfully navigate the financial crisis. 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. The prices in other telecom and entertainment companies, among them Verizon, Walt Disney and Netflix, have also declined. Brian Roberts, Comcast's chairman and CEO, had previously held the title of president. It also provides wireless and security and automation services to residential customers under the Xfinity brand. 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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. Salary in 2022. We have exceptional businesses with world-class executives in Dana, Dave, and Jeff and Im proud to call them my partners. 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. The Media segment consists of NBCUniversal's television and streaming platforms, including national, regional, and international cable networks. Learn More on Comcast's active insiders. Variety is a part of Penske Media Corporation. 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. 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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. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. 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 . 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. Mike came to Comcast after more than 20 years in the financial services industry. They peaked in August 2021 at about $60 a share. 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. Michael J. Cavanagh has not been actively trading shares of Comcast during the last quarter. Last month, Comcasts board sought to bolster the companys stock by purchasing up to $20 billion in shares as investors sold them. Mike will be only the third president in the companys 59-year history. 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. He is the first executive outside the Roberts family to hold the title. 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. The Hollywood Reporter is a part of Penske Media Corporation. 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.. Release Calendar Top 250 Movies Most Popular Movies Browse Movies by Genre Top Box Office Showtimes & Tickets Movie News India Movie Spotlight. 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. Bloomberg Daybreak Asia. . What Could Elon Musk Possibly Be Thinking? 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. Mike joined Comcast in 2015 as the companys Chief Financial Officer after spending more than 20 years in the financial services industry. A member of the Republican Party, Youngkin defeated former Democratic governor Terry McAuliffe in the 2021 Virginia gubernatorial election. This information is according to proxy statements filed for the 2021 fiscal year. Michael's mailing address filed with the SEC is ONE COMCAST CENTER, , PHILADELPHIA, PA, 19103. Learn More on Michael J. Cavanagh's salary. Michael J. Cavanagh serves as Senior Executive Vice President and Chief Financial Officer of Comcast Corporation. 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. 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. Why? 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 a broad range of responsibilities, partnering with Chairman and CEO Brian Roberts to manage all aspects of the business and corporate team. Mike joined Comcast in 2015 after spending more than 20 years in the financial services industry. from Yale University and a J.D. There are 18 older and 3 younger executives at Comcast Corp. It also provides communications services, including residential high-speed internet, phone, and wireless services. News Wire Feed Light Reading 10/12/2022. 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. Sky operates the Sky News broadcast network and sports and entertainment networks, produces original content, and has exclusive content rights. 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. Mike also serves on the board of HealthVerity and is a member of the Council on Foreign Relations. Cavanaghs connection to Comcast can be traced through Steve Burke, a longtime Comcast executive and former head of NBCUniversal. He'll. All Rights Reserved. Net Worth in 2022. . Cavanagh earned a B.A. Cavanagh, also the companys chief financial officer, has not been appointed to the board. 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. As Chief Financial Officer at COMCAST CORP, Michael J. Cavanagh made $27,356,996 in total compensation. 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. The oldest executive at Comcast Corp is Maritza Montiel, 68, who is the Independent Director. Eat steak, play golf, be happy! Track your investments 24 hours a day, around the clock from around the world. The global economy also faces a potential recession. https://oneofitslegs.org. You can see the complete history of Mr. Cavanagh stock trades at the bottom of the page. Comcast shares closed at $28.69 Wednesday, up 0.03%. Find out more about how we use your information in our privacy policy and cookie policy. 2023 The Hollywood Reporter, LLC. 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. 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. Mike has a broad range of responsibilities, including overseeing all financial functions, corporate development, strategic planning, and corporate administration. 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. , had previously held the title defeated former Democratic governor Terry McAuliffe the. Officer at Comcast Corp, michael J. Cavanagh has not been actively shares... The Council on Foreign Relations previously held the title the Hollywood Reporter is member. 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