October 12, 2022. in News. Mike Cavanagh has been Comcast's chief financial officer since 2015. Glenn Allen Youngkin (born December 9, 1966) is an American businessman and politician, currently serving as the 74th governor of Virginia since January 15, 2022. 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. And no matter what his role, Mike has always acted with integrity and high character, combined with intelligence, passion and hard work. He will remain Chief Financial Officer. 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. As of 17 March 2022 he still owns at least 98,709 units of Comcast Corp stock. Cavanaugh, who has spent nearly his entire coaching career mentoring offensive linemen, spent the last three seasons as the . This chart shows Mr. Michael J. Cavanagh's buying and selling at Comcast by year and by quarter. Mike joined Comcast seven years ago as Chief Financial Officer. 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. "Athlete | Empire" presents the in-depth, intimate stories of these businesses, as told by the players themselves. In 2019 we welcomed three new members to our board, including a new representative of the Free Library of Philadelphia Foundation Board of Directors. 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. Mike also serves on the board of HealthVerity and is a member of the Council on Foreign Relations. 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. 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 Cavanagh serves as President and Chief Financial Officer of Comcast Corporation. 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. 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. In recent years, Comcast also has struggled to transition to streaming entertainment from broadcast television and cable-TV formats. The prices in other telecom and entertainment companies, among them Verizon, Walt Disney and Netflix, have also declined. The global economy also faces a potential recession. Comcast Launches 'Free This Week', Increasing Access To Streaming And Premium Network Fare For Xfinity X1 And . "With his leadership, the company has expanded its reach significantly in the U.S. and. They sold a total of 7,602,130 shares worth more than $22,410,930.47. Overnight on Wall Street is daytime in Asia. 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. What's on TV & Streaming Top 250 TV Shows Most Popular TV Shows Browse TV Shows by Genre TV News India TV Spotlight. 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 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. At Yale, he served as a non-trustee member of the Yale Corporation Committee on Investments before being appointed chairman of the committee. Comcast Corp. promoted Mike Cavanagh, a former Wall Street banker, to president of the Philadelphia telecom and entertainment company, the company said Wednesday. With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the businesses and teams across the company. 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. He rowed at Yale. Todays promotion will come as no surprise Mike is admired and trusted by those who know and work with him, said Roberts. There are 18 older and 3 younger executives at Comcast Corp. Mike Cavanagh is only the third president in the companys 59-year history. On average, Comcast Corp executives and independent directors trade stock every 9 days with the average trade being worth of $3,606,828. All Rights Reserved. Mike Cavanaugh. . Comcast said that it had already repurchased $9 billion worth this year. They peaked in August 2021 at about $60 a share. It also provides wireless and security and automation services to residential customers under the Xfinity brand. 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With his leadership, the company has expanded its reach significantly in the US and globally. Markets never sleep, and neither does Bloomberg. The Hollywood Reporter is a part of Penske Media Corporation. 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. Cavanaghs connection to Comcast can be traced through Steve Burke, a longtime Comcast executive and former head of NBCUniversal. 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. New Comcast CFO says company must avoid complacency. Last updated: 18 March 2022 at 5:05pm EST. Learn More on Comcast's active insiders. He will continue to serve as chief. An Inquirer reporter since 1993, I report stories with an emphasis on enterprise, corporations, college debt, and features with a money angle. He is a member of the Council on Foreign Relations and serves on the board of HealthVerity. Todays promotion will come as no surprise Mike is admired and trusted by those who know and work with him, Roberts said. The Hollywood Reporter is a part of Penske Media Corporation. Variety and the Flying V logos are trademarks of Variety Media, LLC. Variety is a part of Penske Media Corporation. (Podcast). On average, Michael trades about 15,269 units every 52 days since 2012. 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. Comcast Corporation has approximately 189,000 employees worldwide and $116 billion in annual revenue. Brands, Inc. As the Chief Financial Officer and Senior Executive Vice President of Comcast Corp, the total compensation of Michael Cavanagh at Comcast Corp is $26,799,500. He is the first executive outside the Roberts family to hold the title. 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. You can see the complete history of Mr. Cavanagh stock trades at the bottom of the page. $1 Million - $5 Million. Comcast Corporation Promotes Mike Cavanagh to President Business Wire PHILADELPHIA -- October 12, 2022 Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has . 2023 The Hollywood Reporter, LLC. Cavanagh will be only the third president in the company's 59-year history. 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. The company will report its full . Michael Cavanagh Work Experience and Education. Comcast reported revenue of $116.4 billion for fiscal year 2021. Mike came to Comcast after more than 20 years in the financial services industry. Cavanagh earned a B.A. There are 18 older and 3 younger executives at Comcast Corp. Ralph Roberts, one of a troika that founded the cable-TV company in the 1960s (and who died in 2015), and his son, Brian, 62, who is chief executive officer and chairman, were the only prior presidents in the companys history, Comcast said. 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. He will continue to serve as chief financial. Beginning early this summer, Cavanagh, 50, will replace the company's current CFO, Michael Angelakis, who will head up Comcast's new company focused on investing in and operating growth-oriented companies. 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 . He serves on the board of trustees of Yale and is chairman of its investment committee, which has more than $40 billion under management. In this role, Mike co-headed all investment banking, cash management, investor services, and the largest global markets and trading business in the world. Live market coverage co-anchored from Hong Kong and New York. It operates through the following segments: Cable Communications, Media, Studios, Theme Parks, and Sky. Cavanagh will remain as Comcast's CFO, a position he has held since joining the company seven years ago. 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. While Comcast stock price hasnt fallen as much as some of its Hollywood peers this year Warner Bros. 2023 Variety Media, LLC. Learn More on Michael J. Cavanagh's trading history. Prior to that, Mr. Cavanagh was the Co-Chief Executive Officer of the Corporate & Investment Bank of JPMorgan Chase & Co. from 2012 until 2014; the Chief Executive Officer of JPMorgan Chase & Co.s Treasury & Securities Services business from 2010 to 2012; and the Chief Financial Officer of JPMorgan Chase & Co. from 2004 to 2010. Comcast shares closed at $28.69 Wednesday, up 0.03%. He is also a member of the firm's Operating Committee and Executive Committee. Learn More on Michael J. Cavanagh's contact information. Michael Cavanagh is 54, he's been the Chief Financial Officer and Senior Executive Vice President of Comcast Corp since 2015. The company was founded in 1963 and is headquartered in Philadelphia, PA. The chief financial officer of the Philadelphia-headquartered conglomerate was given additional duties in October. Due to a planned power outage on Friday, 1/14, between 8am-1pm PST, some services may be impacted. Mike joined Comcast in 2015 after spending more than 20 years in the financial services industry. Mr. Cavanagh was appointed a successor trustee in 2020. There are 1 executives at Comcast Corp getting paid more, with BrianRoberts having the highest compensation of $36,370,200. He will remain Chief Financial Officer. Mike has a broad range of responsibilities, including overseeing all financial functions, corporate development, strategic planning, and corporate administration. Comcast Corp. engages in the provision of video, Internet, and phone 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 Enter your email address below to get our daily insider buying and selling report. Michael Cavanagh Age : 56 Public asset : 12,244,461 USD Country of residence : Unknown Linked companies : Comcast Corporation Biography of Michael Cavanagh Presently, Michael J. Cavanagh holds the position of Chief Financial Officer for Comcast Corp. . Emily Cavanagh, Lisa Washington, and Gene LeFevre each bring their own expertise and passion for our mission. 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. 2023 The Hollywood Reporter, LLC. Mike earned a B.A. He is the first executive outside the Roberts family to hold the title. We hope you'll join us in welcoming them to the board and The Rosenbach community. from the University of Chicago. TV Shows. Memoir, Humor and Comedy, Romance. Comcast said it signed a new employment agreement with recently named president Michael Cavanagh that runs through December 31, 2027. The Media segment consists of NBCUniversal's television and streaming platforms, including national, regional, and international cable networks. We have exceptional businesses with world-class executives in Dana, Dave, and Jeff and Im proud to call them my partners. To zoom out, use the keyboard shortcut [Ctrl] + [-] in Windows and [Cmd] + [-] on a Mac. Mike came to Comcast after more than 20 years in the financial services industry. Cavanagh serves on the Board of Trustees of Yale University and as chair of its investment committee. Philadelphia, PA Comcast Corporation today announced that Mike Cavanagh has been named President. Currently, Michael Cavanagh works as a Chief Financial Officer at Comcast. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. The oldest executive at Comcast Corp is MaritzaMontiel, 68, who is the Independent Director. He joined the company from global alternative asset manager The Carlyle Group, where he was briefly co-president and co-chief operating officer. Comcast Corp. promoted Mike Cavanagh, a former Wall Street banker, to president of the Philadelphia telecom and entertainment company, the company said Wednesday. Comcast said on Wednesday that it has promoted chief financial officer Mike Cavanagh to the added role of president. 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