Mr. Cavanagh has served as the Chief Financial Officer of Comcast Corporation since July 2015. Track your investments 24 hours a day, around the clock from around the world. Mike Cavanagh | Comcast. 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. October 12, 2022. Mike earned a B.A. Mike came to Comcast after more than 20 years in the financial services industry. from Yale University and a J.D. 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 I look forward to working together to shape the bright future of Comcast.. Mike has a broad range of responsibilities, including overseeing all financial functions, corporate development, strategic planning, and corporate administration. Member Since. While Comcast stock price hasnt fallen as much as some of its Hollywood peers this year Warner Bros. Comcast Corp. promoted Mike Cavanagh, a former Wall Street banker, to president of the Philadelphia telecom and entertainment company, the company said Wednesday. He will remain chief financial officer. Last month, Comcasts board sought to bolster the companys stock by purchasing up to $20 billion in shares as investors sold them. Cavanagh serves on the Board of Trustees of Yale University and as chair of its investment committee. This chart shows Mr. Michael J. Cavanagh's buying and selling at Comcast by year and by quarter. The estimated Net Worth of Michael J Cavanagh is at least $34.5 Million dollars as of 17 March 2022. All Rights Reserved. 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. . There are 1 executives at Comcast Corp getting paid more, with BrianRoberts having the highest compensation of $36,370,200. Comcast said on Wednesday that it has promoted chief financial officer Mike Cavanagh to the added role of president. It also provides wireless and security and automation services to residential customers under the Xfinity brand. 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. "With his leadership, the company has expanded its reach significantly in the U.S. and. https://oneofitslegs.org. Comcast Corp. has promoted Mike Cavanagh to be the company's third president in its 59-year history. But a rogue trader in London in 2012 cost JPMorgan about $6 billion and brought regulators down on it. 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. 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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. Burke and Dimon attended Harvard Business School together, graduating in 1982. Michael Cavanagh is 54, he's been the Chief Financial Officer and Senior Executive Vice President of Comcast Corp since 2015. 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. 2023 Variety Media, LLC. 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. 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. The most active insiders traders include Brian L Roberts, Stephen B Burke, and David L Cohen. With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the businesses and teams across the company. On average, Michael trades about 15,269 units every 52 days since 2012. The Studios segment focuses on NBCUniversal's film and television studio production and distribution operations. Mike has brought incredible operational and financial expertise to Comcast and is an integral part of our special company. Cavanagh will remain as Comcast's CFO, a position he has held since joining the company seven years ago. 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. Mike joined Comcast in 2015 after spending more than 20 years in the financial services industry. 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. Insiders at Comcast own 1.1% of the company. The corporate mailing address for Mr. Cavanagh and other Comcast executives is One Comcast Center, Philadelphia PA, 19103. He also serves on the board of HealthVerity and is a member of the Council on Foreign Relations. 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. Comcast Corporation has approximately 189,000 employees worldwide and $116 billion in annual revenue. At Yale, he served as a non-trustee member of the Yale Corporation Committee on Investments before being appointed chairman of the committee. With his leadership, the company has expanded its reach significantly in the US and globally. Prior to joining our company, Mr. Cavanagh had been Co-President and Co-Chief Operating Officer for The Carlyle Group, a global investment firm, since 2014. 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. 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. from Yale University and a J.D. 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,. 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. "With his leadership, the company has expanded its reach significantly in the U.S. and. Overnight on Wall Street is daytime in Asia. 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. Michael Cavanagh serves as President and Chief Financial Officer of Comcast Corporation. 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. Philadelphia, PA Comcast Corporation today announced that Mike Cavanagh has been named 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. Comcast named Michael J. Cavanagh as its chief financial officer Monday. Cavanagh has been finance chief of the media and technology company for the last seven years. To zoom in, use [Ctrl] + [+] in Windows, and [Cmd] + [+] on a Mac. Public Records. With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the . Mike joined Comcast in 2015 after spending more than 20 years in the financial services industry. The company will report its full . We have exceptional businesses with world-class executives in Dana, Dave, and Jeff and Im proud to call them my partners. 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 said chief financial officer Mike Cavanagh has been promoted to president, working with chairman and CEO Brian Roberts. They sold a total of 7,602,130 shares worth more than $22,410,930.47. The Media segment consists of NBCUniversal's television and streaming platforms, including national, regional, and international cable networks. All Rights Reserved. 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