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. Michael Cavanagh serves as President and Chief Financial Officer of Comcast Corporation. Michael J. Cavanagh serves as Chief Financial Officer, Senior Executive Vice President of the Company. "Athlete | Empire" presents the in-depth, intimate stories of these businesses, as told by the players themselves. Mike has a broad range of responsibilities, partnering with Chairman and CEO Brian Roberts to manage all aspects of the business and corporate team. from Yale and a J.D. New Comcast CFO says company must avoid complacency. from the University of Chicago. 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). Cavanagh will remain as Comcast's CFO, a position he has held since joining the company seven years ago. All Rights Reserved. https://oneofitslegs.org. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. In this role, Mike co-headed all investment banking, cash management, investor services, and the largest global markets and trading business in the world. 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 . Mr. Cavanagh has served as the Chief Financial Officer of Comcast Corporation since July 2015. Comcast can also be reached via phone at (215) 286-1700. Mike has a broad range of responsibilities, including overseeing all financial functions, corporate development, strategic planning, and corporate administration. Mike came to Comcast after more than 20 years in the financial services industry. from Yale University and a J.D. 2023 Variety Media, LLC. Comcast Corporation has promoted Mike Cavanagh to president, making him the third person to occupy the role in the companys 59-year history. Cavanagh serves on the Board of Trustees of Yale University and as chair of its investment committee. Comcast Corporation Promotes Mike Cavanagh to President Business Wire PHILADELPHIA -- October 12, 2022 Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has . He is also a member of the firm's Operating Committee and Executive Committee. Sky operates the Sky News broadcast network and sports and entertainment networks, produces original content, and has exclusive content rights. Why? Handpicked by Billy Joel to star in Movin' Out, Cavanaugh evokes a style rivaling the Piano Man. Comcast Corporation Promotes Mike Cavanagh to President. 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. According to ZoomInfo records, Michael Cavanagh's professional experience began in 2021. Comcast Corp. has promoted Mike Cavanagh to be the company's third president in its 59-year history. 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. Mr. Cavanagh joined Comcast as the companys Chief Financial Officer in 2015 after spending more than twenty years in the financial services industry. They peaked in August 2021 at about $60 a share. Mike 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. Subscribe for full access to The Hollywood Reporter. PHILADELPHIA -- (BUSINESS WIRE)--Oct. 12, 2022-- Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has been named President. 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. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. In the last twelve months, insiders at the cable giant sold shares 8 times. Mike will be only the third President in the company's 59-year history. Michael Cavanagh Work Experience and Education. As Chief Financial Officer at COMCAST CORP, Michael J. Cavanagh made $27,356,996 in total compensation. At Yale, he served as a non-trustee member of the Yale Corporation Committee on Investments before being appointed chairman of the committee. Comcast Launches 'Free This Week', Increasing Access To Streaming And Premium Network Fare For Xfinity X1 And . Cavanagh will be only the third president in the company's 59-year history. 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. Cavanagh, 56, has served as CFO since 2015 and will continue in that role in addition to his promotion to president. On average, Michael trades about 15,269 units every 52 days since 2012. 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. He rowed at Yale. October 12, 2022. Learn More on Michael J. Cavanagh's salary. 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. June 2016. edit data. What's on TV & Streaming Top 250 TV Shows Most Popular TV Shows Browse TV Shows by Genre TV News India TV Spotlight. He was Co-CEO of JPMorgan Chase's Corporate & Investment Bank from 2012 to 2014, a global leader in its. Comcast named Michael J. Cavanagh as its chief financial officer Monday. . Comcast reported revenue of $116.4 billion for fiscal year 2021. Mike will be only the third President in the companys 59-year history. Todays promotion will come as no surprise Mike is admired and trusted by those who know and work with him, Roberts said. "With his leadership, the company has expanded its reach significantly in the U.S. and. Cavanagh was raised on Long Island in an Irish-Catholic family. from the University of Chicago. Last updated: 18 March 2022 at 5:05pm EST. 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. 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. October 12, 2022. in News. You can change your choices at any time by visiting your privacy controls. The Studios segment focuses on NBCUniversal's film and television studio production and distribution operations. He joined the company from global alternative asset manager The Carlyle Group, where he was briefly co-president and co-chief operating officer. Prior to this, he served as the Co-President and Co-Chief Operating Officer of Carlyle Group Management L.l.c., until May 8, 2015. The oldest executive at Comcast Corp is MaritzaMontiel, 68, who is the Independent Director. He will continue to act as Comcasts chief financial officer. Cindy Ord/Getty Images Entertainment. 2023 The Hollywood Reporter, LLC. Cavanagh, 56, has served as CFO since 2015 and will continue in that role in addition to his . He serves on the Board of Trustees of Yale and is Chairman of its Investment Committee, which has more than $40 billion under management. 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. 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. 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. Michael's mailing address filed with the SEC is ONE COMCAST CENTER, , PHILADELPHIA, PA, 19103. Cavanagh earned a B.A. The estimated Net Worth of Michael J Cavanagh is at least $34.5 Million dollars as of 17 March 2022. A member of the Republican Party, Youngkin defeated former Democratic governor Terry McAuliffe in the 2021 Virginia gubernatorial election. Learn More on Michael J. Cavanagh's contact information. 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. While Comcast stock price hasnt fallen as much as some of its Hollywood peers this year Warner Bros. 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. Awesome wife and daughter. Michael Cavanagh serves as Chief Financial Officer of Comcast Corporation. 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. The company was founded in 1963 and is headquartered in Philadelphia, PA. Eat steak, play golf, be happy! 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. Find out more about how we use your information in our privacy policy and cookie policy. . 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. 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. Genre. 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.. 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. The prices in other telecom and entertainment companies, among them Verizon, Walt Disney and Netflix, have also declined. 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. Mike earned a B.A. On average, Comcast Corp executives and independent directors trade stock every 9 days with the average trade being worth of $3,606,828. TV Shows. 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. Mike joined Comcast in 2015 after spending more than 20 years in the financial services industry, primarily for JPMorganChase and the Carlyle Group. $1 Million - $5 Million. Cavanaugh, who has spent nearly his entire coaching career mentoring offensive linemen, spent the last three seasons as the . It looks like you're trying to zoom in on this page. It operates through the following segments: Cable Communications, Media, Studios, Theme Parks, and Sky. Mr. Cavanagh has a broad range of responsibilities, partnering with the Chairman and CEO to manage all aspects of the business and corporate team. In 2019 we welcomed three new members to our board, including a new representative of the Free Library of Philadelphia Foundation Board of Directors. Bloomberg Daybreak Asia. With his leadership, the company has expanded its reach significantly in the U.S. and globally, Comcast said. 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. The chief financial officer of the Philadelphia-headquartered conglomerate was given additional duties in October. As of 17 March 2022 he still owns at least 98,709 units of Comcast Corp stock. What Could Elon Musk Possibly Be Thinking? With this promotion, Mike will work closely with . Mike joined the company seven years ago . In a banking career, Cavanagh rose to the top echelons of JPMorgan as co-CEO of JPMorgans corporate and investment bank. 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. Mike Cavanagh is only the third president in the companys 59-year history. 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. I look forward to working together to shape the bright future of Comcast.. 2 min read Comcast Corporation Comcast Corporation announced Wednesday that Chief Financial Officer (CFO) Mike Cavanagh has been promoted to the added role of. Before that he was co-CEO of JPMorgan Chases Corporate & Investment Bank from 2012 to 2014. Mike has brought incredible operational and financial expertise to Comcast and is an integral part of our special company. 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. Most recently he exercised 53,400 units of CMCSA stock worth $1,956,042 on 17 March 2022. Mike has a broad range of responsibilities, including overseeing all financial functions, corporate development, strategic planning, and corporate administration. Burke and Dimon attended Harvard Business School together, graduating in 1982. 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