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. 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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? It most recently tallied revenue of $29.85 billion in the third quarter of 2022, ending Sept. 30. $1 Million - $5 Million. Mike also serves on the board of HealthVerity and is a member of the Council on Foreign Relations. Why? You can see the complete history of Mr. Cavanagh stock trades at the bottom of the page. It also provides wireless and security and automation services to residential customers under the Xfinity brand. 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. Find out more about how we use your information in our privacy policy and cookie policy. The global economy also faces a potential recession. Michael J. Cavanagh serves as Chief Financial Officer, Senior Executive Vice President of 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. 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. 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. Learn More on Michael J. Cavanagh's trading history. Track your investments 24 hours a day, around the clock from around the world. 2023 Variety Media, LLC. 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. News Wire Feed Light Reading 10/12/2022. Mike Cavanagh - @cjetnut. As the Sr. EVP & CFO of Comcast Co., Mr. Cavanagh earned a total compensation package of $369,489.00 in 2021. Variety and the Flying V logos are trademarks of Variety Media, LLC. He also serves on the board of software company HealthVerity and is a member of the Council on Foreign Relations. In 2019 we welcomed three new members to our board, including a new representative of the Free Library of Philadelphia Foundation Board of Directors. There are 18 older and 3 younger executives at Comcast Corp. October 12, 2022. (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. 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,. 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 Michael Cavanagh Work Experience and Education. Todays promotion will come as no surprise Mike is admired and trusted by those who know and work with him, said Roberts. 2023 The Hollywood Reporter, LLC. Mr. Cavanagh joined Comcast as the companys Chief Financial Officer in 2015 after spending more than twenty years in the financial services industry. 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. Mike has a broad range of responsibilities, including overseeing all financial functions, corporate development, strategic planning, and corporate administration. Comcast shares closed at $28.69 Wednesday, up 0.03%. 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. We, Yahoo, are part of the Yahoo family of brands. They sold a total of 7,602,130 shares worth more than $22,410,930.47. All Rights Reserved. Since then Michael has changed 3 companies and 2 roles. 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. He is the first executive outside the Roberts family to hold the title. I look forward to working together to shape the bright future of Comcast.. We have exceptional businesses with world-class executives in Dana, Dave, and Jeff and Im proud to call them my partners. On average, Michael trades about 15,269 units every 52 days since 2012. He will remain Chief Financial Officer. October 12, 2022. in News. Net Worth in 2022. 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. from Yale University and a J.D. Comcast Corporation has promoted Mike Cavanagh to president, making him the third person to occupy the role in the companys 59-year history. from the University of Chicago. The Media segment consists of NBCUniversal's television and streaming platforms, including national, regional, and international cable networks. 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. He serves on the Board of Trustees of Yale and is Chairman of its Investment Committee, which has more than $40 billion under management. The chief financial officer of the Philadelphia-headquartered conglomerate was given additional duties in October. The Brian Roberts-led Comcast. 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. Live market coverage co-anchored from Hong Kong and New York. It looks like you're trying to zoom in on this page. He was the Co-CEO of JPMorgan Chase's . Comcast Corporation today announced that Mike Cavanagh has been named President. This information is according to proxy statements filed for the 2021 fiscal year. He was Co-CEO of JPMorgan Chase's Corporate & Investment Bank from 2012 to 2014, a global leader in its. June 2016. edit data. He will continue to serve as chief financial. 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. 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. The most active insiders traders include Brian L Roberts, Stephen B Burke, and David L Cohen. Mike joined Comcast in 2015 after spending more than 20 years in the financial services industry. 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). 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. There are 18 older and 3 younger executives at Comcast Corp. 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. Athletes' ambitions don't end when they leave the field of play. He was Co-CEO of JPMorgan Chase's Corporate & Investment Bank from 2012 to 2014, a global leader in its. 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. Eat steak, play golf, be happy! It operates through the following segments: Cable Communications, Media, Studios, Theme Parks, and Sky. 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 globally, Comcast said. 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. Cavanagh serves on the Board of Trustees of Yale University and as chair of its investment committee. The company was founded in 1963 and is headquartered in Philadelphia, PA. 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. Mike will be only the third President in the companys 59-year history. Cavanagh earned a B.A. 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 serves on the Board of Trustees of Yale and is Chairman of its Investment Committee. They peaked in August 2021 at about $60 a share. He also serves on the board of HealthVerity and is a member of the Council on Foreign Relations. Learn More on Comcast's active insiders. 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 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 Mike came to Comcast after more than 20 years in the financial services industry. With this promotion, Mike will work closely with Chairman and CEO Brian L. 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