Bloomberg Daybreak Asia. With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the businesses and teams across the company. 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 global economy also faces a potential recession. Previously, Cavanagh was CEO of the firm's Treasury & Securities Services division, Comcast Corporation has promoted Mike Cavanagh to president, making him the third person to occupy the role in the companys 59-year history. They peaked in August 2021 at about $60 a share. Enter your email address below to get our daily insider buying and selling report. Comcast Corp. promoted Mike Cavanagh, a former Wall Street banker, to president of the Philadelphia telecom and entertainment company, the company said Wednesday. Mike Cavanagh is only the third president in the companys 59-year history. Net Worth in 2022. Before that he was co-CEO of JPMorgan Chases Corporate & Investment Bank from 2012 to 2014. 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. 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. Learn More on Michael J. Cavanagh's trading history. 2 min read Comcast Corporation Comcast Corporation announced Wednesday that Chief Financial Officer (CFO) Mike Cavanagh has been promoted to the added role of. Mike Cavanaugh. Mike came to Comcast after more than 20 years in the financial services industry. https://oneofitslegs.org. Cavanagh will be only the third president in the company's 59-year history. Handpicked by Billy Joel to star in Movin' Out, Cavanaugh evokes a style rivaling the Piano Man. Get notified the next time Michael J. Cavanagh buys or sells Comcast stock. Variety and the Flying V logos are trademarks of Variety Media, LLC. Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has been named President. Two other adult children, left home eventually, complete the extended menagerie. Mike joined Comcast seven years ago as Chief Financial Officer. He also served as JPMorgan Chases CFO for six years helping steer the company to successfully navigate the financial crisis. Mr. Cavanagh is also a director of Yum! 2023 The Hollywood Reporter, LLC. The Hollywood Reporter is a part of Penske Media Corporation. Mike joined Comcast in 2015 after spending more than 20 years in the financial services industry. 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. With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the . He will continue to serve as chief. 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. Cavanagh joined Philadelphia-headquartered Comcast seven years ago as chief financial officer (CFO). Mike has a broad range of responsibilities, partnering with Chairman and CEO Brian Roberts to manage all aspects of the business and corporate team. I look forward to working together to shape the bright future of Comcast.. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. He also serves on the board of software company HealthVerity and is a member of the Council on Foreign Relations. Mike Cavanagh has been Comcast's chief financial officer since 2015. He also serves on the board of HealthVerity and is a member of the Council on Foreign Relations. from Yale University and a J.D. Oct. 12, 2022, 08:24 AM. The corporate mailing address for Mr. Cavanagh and other Comcast executives is One Comcast Center, Philadelphia PA, 19103. 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. Information on this page was last updated on 2/21/2023. He serves on the board of trustees of Yale and is chairman of its investment committee, which has more than $40 billion under management. He was Co-CEO of JPMorgan Chase's Corporate & Investment Bank from 2012 to 2014, a global leader in its. 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. We hope you'll join us in welcoming them to the board and The Rosenbach community. 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.. 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. Todays promotion will come as no surprise Mike is admired and trusted by those who know and work with him, Roberts said. Subscribe for full access to The Hollywood Reporter, The former banker is "only the third president in the companys 59-year history.". TV Shows. Comcast Corporation (NASDAQ: CMCSA) on Oct. 12 announced that its present chief financial officer, Mike Cavanagh, has been named president of the company. "Athlete | Empire" presents the in-depth, intimate stories of these businesses, as told by the players themselves. What Could Elon Musk Possibly Be Thinking? The oldest executive at Comcast Corp is Maritza Montiel, 68, who is the Independent Director. Comcast said on Wednesday that it has promoted chief financial officer Mike Cavanagh to the added role of 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. Mike joined Comcast in 2015 after spending more than 20 years in the financial services industry, primarily for JPMorganChase and the Carlyle Group. Variety is a part of Penske Media Corporation. The oldest executive at Comcast Corp is MaritzaMontiel, 68, who is the Independent Director. Mike came to Comcast after more than 20 years in the financial services industry. Cavanagh was raised on Long Island in an Irish-Catholic family. He rowed at Yale. 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. Member Since. All Rights Reserved. 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. Cavanaugh, who has spent nearly his entire coaching career mentoring offensive linemen, spent the last three seasons as the . New Comcast CFO says company must avoid complacency [from 2015], wireless competitors offering 5G wireless internet to homes, California residents do not sell my data request. 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. Learn More on Comcast's active insiders. Michael J. Cavanagh works as Chief Financial Officer at Comcast Corporation. Burke was also friends with Jamie Dimon, JPMorgans chief executive and chairman. 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. For best results: use the most recent version of your browser, disable your browser's 'zoom text only' setting, and use your browser's default font size settings. 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. 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. 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 Markets never sleep, and neither does Bloomberg. Mike earned a B.A. He also served as JPMorgan Chases CFO for six years and held a number of positions within the company and its predecessor firms including CEO of the firms Treasury & Securities Services division. While Comcast stock price hasnt fallen as much as some of its Hollywood peers this year Warner Bros. Comcast said chief financial officer Mike Cavanagh has been promoted to president, working with chairman and CEO Brian Roberts. 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. Comcast can also be reached via phone at (215) 286-1700. Mike Cavanagh is now in his sixties and has no idea how that happened. Learn More on Michael J. Cavanagh's salary. 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. Comcast said it signed a new employment agreement with recently named president Michael Cavanagh that runs through December 31, 2027. He will remain chief financial officer. Mike Cavanagh (I) on IMDb: Movies, Tv, Celebrities, and more. 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. 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. Why? Michael's mailing address filed with the SEC is ONE COMCAST CENTER, , PHILADELPHIA, PA, 19103. A member of the Republican Party, Youngkin defeated former Democratic governor Terry McAuliffe in the 2021 Virginia gubernatorial election. 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. Learn More on Michael J. Cavanagh's trading history. Menu. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. In this role, Mike co-headed all investment banking, cash management, investor services and the largest global markets and trading business in the world. More from Deadline. He will remain Chief Financial Officer. 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Ready for Tolkien Battle, How the Landscape of Native-Led Stories Has Changed Between Avatars: Were Flexing Our Sovereignty, The Definitive Voice of Entertainment News. 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. We have exceptional businesses with world-class executives in (Sky CEO) Dana (Strong), (Comcast Cable CEO) Dave (Watson) and (NBCUniversal CEO) Jeff (Shell), and Im proud to call them my partners. Comcast Corporation Promotes Mike Cavanagh to President Business Wire PHILADELPHIA -- October 12, 2022 Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has . Mr. Cavanagh joined Comcast as the companys Chief Financial Officer in 2015 after spending more than twenty years in the financial services industry. Last month, Comcasts board sought to bolster the companys stock by purchasing up to $20 billion in shares as investors sold them. They sold a total of 7,602,130 shares worth more than $22,410,930.47. He serves on the Board of Trustees of Yale and is Chairman of its Investment Committee, which has more than $40 billion under management. Show all results. Learn More on Michael J. Cavanagh's salary. On average, Comcast Corp executives and independent directors trade stock every 9 days with the average trade being worth of $3,606,828. Mike came to Comcast after more than 20 years in the financial services industry. 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. Said in a statement that he looks forward to working together to shape the bright future of.. 'S trading history no surprise mike is admired and trusted by those who know and with. 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