We have estimated Michael Cavanaugh's net worth , money, salary, income, and assets. More from Deadline. 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 Mike earned a B.A. Before that he was co-CEO of JPMorgan Chases Corporate & Investment Bank from 2012 to 2014. Learn More on Michael J. Cavanagh's trading 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. 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. Cavanaghs connection to Comcast can be traced through Steve Burke, a longtime Comcast executive and former head of NBCUniversal. Comcast reported revenue of $116.4 billion for fiscal year 2021. Cavanaugh, who has spent nearly his entire coaching career mentoring offensive linemen, spent the last three seasons as the . With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the businesses and teams across the company. . 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. The Brian Roberts-led Comcast. Its an honor to work with Brian to lead this great company, Cavanagh added. 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. Comcast Corp. promoted Mike Cavanagh, a former Wall Street banker, to president of the Philadelphia telecom and entertainment company, the company said Wednesday. 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. Comcast Corporation (NASDAQ: CMCSA) on Oct. 12 announced that its present chief financial officer, Mike Cavanagh, has been named president of the company. Variety is a part of Penske Media Corporation. BREAKING: Tiny biotech successfully treats blindness. 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. Click Manage settings for more information and to manage your choices. As of 17 March 2022 he still owns at least 98,709 units of Comcast Corp stock. Learn More on Michael J. Cavanagh's contact information. Eat steak, play golf, be happy! June 2016. edit data. He serves on the Board of Trustees of Yale and is Chairman of its Investment Committee, which has more than $40 billion under management. Mike joined Comcast in 2015 after spending more than 20 years in the financial services industry. Comcast Comcast Corporation has promoted Mike Cavanagh to president, making him the third person to occupy the role in the company's 59-year history. This information is according to proxy statements filed for the 2021 fiscal year. Comcast, the biggest publicly traded company based in Philadelphia with about 8,000 employees downtown, faces new competition in its bread-and-butter broadband business with wireless competitors offering 5G wireless internet to homes. The company will report its full . Mike came to Comcast after more than 20 years in the financial services industry. Comcast named Michael J. Cavanagh as its chief financial officer Monday. Mike has a broad range of responsibilities, partnering with Chairman and CEO Brian Roberts to manage all aspects of the business and corporate team. He rowed at Yale. 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. We hope you'll join us in welcoming them to the board and The Rosenbach community. They peaked in August 2021 at about $60 a share. Athletes' ambitions don't end when they leave the field of play. Mike joined Comcast in 2015 after spending more than 20 years in the financial services industry, primarily for JPMorganChase and the Carlyle Group. 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. He will remain Chief Financial Officer. Mike came to Comcast after more than 20 years in the financial services industry. As Chief Financial Officer at COMCAST CORP, Michael J. Cavanagh made $27,356,996 in total compensation. Mike joined Comcast in 2015 as the companys Chief Financial Officer after spending more than 20 years in the financial services industry. Bloomberg Daybreak Asia. The global economy also faces a potential recession. JPMorgan came through the financial crisis of 2008-09 mostly unscathed. Learn More on Comcast's active insiders. 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. 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. 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. He will continue to serve as chief. Mike Cavanagh (I) on IMDb: Movies, Tv, Celebrities, and more. 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 Hollywood Reporter is a part of Penske Media Corporation. 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. News Wire Feed Light Reading 10/12/2022. Awesome wife and daughter. 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. 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. He will continue to serve as chief financial. In a banking career, Cavanagh rose to the top echelons of JPMorgan as co-CEO of JPMorgans corporate and investment bank. The oldest executive at Comcast Corp is Maritza Montiel, 68, who is the Independent Director. 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. Comcast Corporation is a global media and technology company with three primary businesses: Comcast Cable, NBCUniversal, and Sky. There are 1 executives at Comcast Corp getting paid more, with BrianRoberts having the highest compensation of $36,370,200. 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. 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. Cavanagh serves on the Board of Trustees of Yale University and as chair of its investment committee. The Brian Roberts-led Comcast disclosed Dec. 30 that it entered into a new employment agreement with Cavanagh through the end of 2027. You can see the complete history of Mr. Cavanagh stock trades at the bottom of the page. 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. Comcast can also be reached via phone at (215) 286-1700. 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. 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 . 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. 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. The Brian Roberts-led Comcast. Mike Cavanagh has been Comcast's chief financial officer since 2015. Currently, Michael Cavanagh works as a Chief Financial Officer at Comcast. PHILADELPHIA -- (BUSINESS WIRE)--Oct. 12, 2022-- Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has been named President. Mike will be only the third President in the company's 59-year history. Markets never sleep, and neither does Bloomberg. Memoir, Humor and Comedy, Romance. from the University of Chicago. Why? Mike has a broad range of responsibilities, partnering with Chairman and CEO Brian Roberts to manage all aspects of the business and corporate team. Comcast chief financial officer Mike Cavanagh said the conglom was "pleased" with the weekend PVOD debut of Pete Davidson-starrer The King Of Staten Island - its latest film to go direc The oldest executive at Comcast Corp is MaritzaMontiel, 68, who is the Independent Director. In this role, Mike co-headed all investment banking, cash management, investor services, and the largest global markets and trading business in the world. He is the first executive outside the Roberts family to hold the title. Learn More on Michael J. Cavanagh's trading history. 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. Learn More about insider trades at Comcast. 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. (RTTNews) - Comcast Corp. (CMCSA) announced the appointment of Mike Cavanagh as President. Cavanagh, 56, has served as CFO since 2015 and will continue in that role in addition to his promotion to president. 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 . 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 . Prior to entering politics, he spent 25 years at the private-equity firm the Carlyle Group . Track your investments 24 hours a day, around the clock from around the world. READ MORE: New Comcast CFO says company must avoid complacency [from 2015]. (Podcast). from the University of Chicago. The chief financial officer of the Philadelphia-headquartered conglomerate was given additional duties in October. Public Records. 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. The Theme Parks segment operates Universal theme parks in Orlando, Florida, Hollywood, California, Osaka, Japan, and Beijing, China. In recent years, Comcast also has struggled to transition to streaming entertainment from broadcast television and cable-TV formats. Enter your email address below to get our daily insider buying and selling report. 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. Learn More From Comcast Careers Comcast Careers Blog How We Hire Our Culture FAQ 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). On average, Comcast Corp executives and independent directors trade stock every 9 days with the average trade being worth of $3,606,828. As the Sr. EVP & CFO of Comcast Co., Mr. Cavanagh earned a total compensation package of $369,489.00 in 2021. Michael J. Cavanagh works as Chief Financial Officer at Comcast Corporation. Cavanagh was raised on Long Island in an Irish-Catholic family. Michael Cavanagh is 54, he's been the Chief Financial Officer and Senior Executive Vice President of Comcast Corp since 2015. Mike has a broad range of responsibilities, including managing the businesses and teams across the company, overseeing all financial functions, corporate development, strategic planning, and corporate administration. Two other adult children, left home eventually, complete the extended menagerie. Prior to that, he served as JPMorgan Chases CFO for six years, where he helped the company successfully navigate the financial crisis. The Hollywood Reporter is a part of Penske Media Corporation. Due to a planned power outage on Friday, 1/14, between 8am-1pm PST, some services may be impacted. What Could Elon Musk Possibly Be Thinking? It also provides communications services, including residential high-speed internet, phone, and wireless services. Cavanagh will be only the third president in the company's 59-year history. Learn More on Michael J. Cavanagh's salary. Show all results. This chart shows Mr. Michael J. Cavanagh's buying and selling at Comcast by year and by quarter. It operates through the following segments: Cable Communications, Media, Studios, Theme Parks, and Sky. . He is also on the board of Yale University and Member of Council on Foreign Relations, Inc. He will remain Chief Financial Officer. Information on this page was last updated on 2/21/2023. Mike earned a B.A. Comcast Corporation Promotes Mike Cavanagh to President. He is the first executive outside the Roberts family to hold the 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. He serves on the board of trustees of Yale and is chairman of its investment committee, which has more than $40 billion under management. Comcast said that it had already repurchased $9 billion worth this year. 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. from the University of Chicago. Gift this article. 2023 Variety Media, LLC. There are 18 older and 3 younger executives at Comcast Corp. from Yale and a J.D. Michael J. Cavanagh has not been actively trading shares of Comcast during the last quarter. Menu. A member of the Republican Party, Youngkin defeated former Democratic governor Terry McAuliffe in the 2021 Virginia gubernatorial election. Mike Cavanagh, one of the nation's top banking executives at JPMorgan Chase and now Comcast Corp.'s new chief financial officer, says the Philadelphia company's biggest "enemy" is complacency, hoping that consumer trends won't change and that Comcast remains the big cable company. To zoom out, use the keyboard shortcut [Ctrl] + [-] in Windows and [Cmd] + [-] on a Mac. Mike joined Comcast in 2015 after spending more than 20 years in the financial services industry. 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. He was Co-CEO of JPMorgan Chase's Corporate & Investment Bank from 2012 to 2014, a global leader in its. October 12, 2022. 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. With this promotion, Mike will work closely with Chairman and. 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. Insiders at Comcast own 1.1% of the company. Get notified the next time Michael J. Cavanagh buys or sells Comcast stock. Release Calendar Top 250 Movies Most Popular Movies Browse Movies by Genre Top Box Office Showtimes & Tickets Movie News India Movie Spotlight. Comcast Corporation has approximately 189,000 employees worldwide and $116 billion in annual revenue. 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. Mike Cavanagh is now in his sixties and has no idea how that happened. Mike has brought incredible operational and financial expertise to Comcast and is an integral part of our special company. Subscribe for full access to The Hollywood Reporter, The former banker is "only the third president in the companys 59-year history.". PHILADELPHIA, Pa. - Comcast Corporation today announced that Mike Cavanagh has been named President. You can change your choices at any time by visiting your privacy controls. Since then Michael has changed 3 companies and 2 roles. Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has been named President. Comcast Corporation has promoted Mike Cavanagh to president, making him the third person to occupy the role in the companys 59-year history. 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. Michael J. Cavanagh serves as Chief Financial Officer, Senior Executive Vice President of the Company. from the University of Chicago. Cavanagh, 56, has served as CFO since 2015 and will continue in that role in addition to his . Mr. Cavanagh served as the Co-President and Co-Chief Operating Officer at The Carlyle Group LP since joining in April 2014. 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. 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. Brian Roberts, Comcast's chairman and CEO, had previously held the title of president. Todays promotion will come as no surprise Mike is admired and trusted by those who know and work with him, said Roberts. He is from United States. I look forward to working together to shape the bright future of Comcast.. On average, Michael trades about 15,269 units every 52 days since 2012. Comcast Corporation has approximately 189,000 employees worldwide and $116 billion in annual revenue. Cavanagh will remain as Comcast's CFO, a position he has held since joining the company seven years ago. Previously, Cavanagh was CEO of the firm's Treasury & Securities Services division, 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. "With his leadership, the company has expanded its reach significantly in the U.S. and. Find out more about how we use your information in our privacy policy and cookie policy. 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). 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. Comcast Corporation Promotes Mike Cavanagh to President Business Wire PHILADELPHIA -- October 12, 2022 Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has . Comcast said chief financial officer Mike Cavanagh has been promoted to president, working with chairman and CEO Brian Roberts. With his leadership, the company has expanded its reach significantly in the US and globally. What's on TV & Streaming Top 250 TV Shows Most Popular TV Shows Browse TV Shows by Genre TV News India TV Spotlight. Cavanagh, also the companys chief financial officer, has not been appointed to the board. Learn More on Michael J. Cavanagh's contact information. Comcast announced on Monday that it had hired Michael J. Cavanagh as its chief financial officer, choosing a prominent Wall Street executive to help the company move forward after the. It most recently tallied revenue of $29.85 billion in the third quarter of 2022, ending Sept. 30. Mike will be only the third president in the companys 59-year history. Cindy Ord/Getty Images Entertainment. He'll. It looks like you're trying to zoom in on this page. Mr. Cavanagh joined Comcast as the companys Chief Financial Officer in 2015 after spending more than twenty 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. Member Since. 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. He also serves on the board of software company HealthVerity and is a member of the Council on Foreign Relations. 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. from Yale University and a J.D. Comcast Corp. engages in the provision of video, Internet, and phone services. Salary in 2022. 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. Michael Cavanagh serves as Chief Financial Officer of Comcast Corporation. He also serves on the board of HealthVerity and is a member of the Council on Foreign Relations. At Yale, he served as a non-trustee member of the Yale Corporation Committee on Investments before being appointed chairman of the committee. Subscribe for full access to The Hollywood Reporter. Mike Cavanagh | Comcast. Mike Cavanaugh. Cavanagh said in a statement that he looks forward to working together to shape the bright future of Comcast. He was compensated $27.4 million last year. 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. He'll only be the third executive to hold that title in the company's 59-year history, Comcast noted, and will also remain chief . It also provides wireless and security and automation services to residential customers under the Xfinity brand. All Rights Reserved. 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. 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. 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. The most active insiders traders include Brian L Roberts, Stephen B Burke, and David L Cohen. He was the Co-CEO of JPMorgan Chase's . Mike will be only the third President in the companys 59-year history. Mike Cavanagh - @MikeCavanagh9. While Comcast stock price hasnt fallen as much as some of its Hollywood peers this year Warner Bros. https://oneofitslegs.org. PHILADELPHIA--(BUSINESS WIRE)--Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has been named President. "With his leadership, the company has expanded its reach significantly in the U.S. and. In 2019 we welcomed three new members to our board, including a new representative of the Free Library of Philadelphia Foundation Board of Directors. "Athlete | Empire" presents the in-depth, intimate stories of these businesses, as told by the players themselves. 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