We, Yahoo, are part of the Yahoo family of brands. https://oneofitslegs.org. Mike earned a B.A. PHILADELPHIA -- (BUSINESS WIRE)--Oct. 12, 2022-- Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has been named President. Mike joined Comcast in 2015 after spending more than 20 years in the financial services industry. (RTTNews) - Comcast Corp. (CMCSA) announced the appointment of Mike Cavanagh as President. 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. It also provides communications services, including residential high-speed internet, phone, and wireless services. Insiders at Comcast own 1.1% of the company. Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has been named President. 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. Subscribe for full access to The Hollywood Reporter, The former banker is "only the third president in the companys 59-year history.". Mr. Cavanagh is also a director of Yum! With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the businesses and teams across the company. 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. Michael's mailing address filed with the SEC is ONE COMCAST CENTER, , PHILADELPHIA, PA, 19103. 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. 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 Cavanagh serves as President and Chief Financial Officer of Comcast Corporation. 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 Cavanagh has been Comcast's chief financial officer since 2015. He serves on the Board of Trustees of Yale and is Chairman of its Investment Committee. All Rights Reserved. Mike also serves on the board of HealthVerity and is a member of the Council on Foreign Relations. He was Co-CEO of JPMorgan Chase's Corporate & Investment Bank from 2012 to 2014, a global leader in its. Movies. Subscribe for full access to The Hollywood Reporter. 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. Mike joined Comcast in 2015 after spending more than 20 years in the financial services industry, primarily for JPMorganChase and the Carlyle Group. JPMorgan came through the financial crisis of 2008-09 mostly unscathed. He is the first executive outside the Roberts family to hold the title. He is a member of the Council on Foreign Relations and serves on the board of HealthVerity. Michael J. Cavanagh has not been actively trading shares of Comcast during the last quarter. They peaked in August 2021 at about $60 a share. 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. Cavanaugh, who has spent nearly his entire coaching career mentoring offensive linemen, spent the last three seasons as the . Comcast Corporation Promotes Mike Cavanagh to President Business Wire PHILADELPHIA -- October 12, 2022 Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has . Mike earned a B.A. He was Co-CEO of JPMorgan Chase's Corporate & Investment Bank from 2012 to 2014, a global leader in its. 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. 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 There are 18 older and 3 younger executives at Comcast Corp. 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. Mike Cavanaugh. PHILADELPHIA, Pa. - Comcast Corporation today announced that Mike Cavanagh has been named President. Learn More on Michael J. Cavanagh's salary. 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. This information is according to proxy statements filed for the 2021 fiscal year. Comcast said it signed a new employment agreement with recently named president Michael Cavanagh that runs through December 31, 2027. We have exceptional businesses with world-class executives in Dana, Dave, and Jeff and Im proud to call them my partners. Comcast Corporation has approximately 189,000 employees worldwide and $116 billion in annual revenue. 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. Enter your email address below to get our daily insider buying and selling report. With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the businesses and teams across the company. Burke sat on the JPMorgan board and knew Cavanagh through board presentations. 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. Cavanagh will be only the third president in the company's 59-year history. 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. Find out more about how we use your information in our privacy policy and cookie policy. Comcast Corp. promoted Mike Cavanagh, a former Wall Street banker, to president of the Philadelphia telecom and entertainment company, the company said Wednesday. 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. 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. Gift this article. 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. While Comcast stock price hasnt fallen as much as some of its Hollywood peers this year Warner Bros. Previously he served as JPMorgan Chases CFO for six years, where he helped the company successfully navigate the financial crisis. 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. Awesome wife and daughter. Mr. Cavanagh has served as the Chief Financial Officer of Comcast Corporation since July 2015. 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. 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. Mike will be only the third President in the company's 59-year history. Dimon said in a statement Wednesday that Cavanagh led complex global businesses at JPMorgan Chase and served as our chief financial officer through the worst parts of the global financial crisis.. What's on TV & Streaming Top 250 TV Shows Most Popular TV Shows Browse TV Shows by Genre TV News India TV Spotlight. Prior to that, he served as JPMorgan Chases CFO for six years, where he helped the company successfully navigate the financial crisis. Comcast said that it had already repurchased $9 billion worth this year. 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. Cavanagh has been finance chief of the media and technology company for the last seven years. "Athlete | Empire" presents the in-depth, intimate stories of these businesses, as told by the players themselves. NBCUniversal parent Comcast has promoted CFO Mike Cavanagh to president, working closely with chairman-CEO Brian Roberts to manage the Mike Cavanagh | Black Dyke Band . With his leadership, the company has expanded its reach significantly in the U.S. and globally, Comcast said. He will remain Chief Financial Officer. Comcast Launches 'Free This Week', Increasing Access To Streaming And Premium Network Fare For Xfinity X1 And . The Theme Parks segment operates Universal theme parks in Orlando, Florida, Hollywood, California, Osaka, Japan, and Beijing, China. Comcast Corp. promoted Mike Cavanagh, a former Wall Street banker, to president of the Philadelphia telecom and entertainment company, the company said Wednesday. Comcast Corporation Promotes Mike Cavanagh to President. Mike has a broad range of responsibilities, including overseeing all financial functions, corporate development, strategic planning, and corporate administration. The prices in other telecom and entertainment companies, among them Verizon, Walt Disney and Netflix, have also declined. Todays promotion will come as no surprise Mike is admired and trusted by those who know and work with him, said Roberts. Chart Data in Insider Trading History Table. Show all results. Mike has a broad range of responsibilities, including overseeing all financial functions, corporate development, strategic planning, and corporate administration. Michael Cavanagh Work Experience and Education. 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