More from Deadline. They sold a total of 7,602,130 shares worth more than $22,410,930.47. There are 18 older and 3 younger executives at Comcast Corp. 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. As of 17 March 2022 he still owns at least 98,709 units of Comcast Corp stock. Markets never sleep, and neither does Bloomberg. 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. Said Jamie Dimon, chairman and CEO of JPMorgan Chase: Mike Cavanagh is an outstanding executive and leader what I call an elite business athlete who led complex global businesses at JPMorgan Chase and served as our chief financial officer through the worst parts of the global financial crisis. Subscribe for full access to The Hollywood Reporter. Mike joined the company seven years ago . Mike Cavanagh (I) on IMDb: Movies, Tv, Celebrities, and more. from Yale University and a J.D. READ MORE: New Comcast CFO says company must avoid complacency [from 2015]. It most recently tallied revenue of $29.85 billion in the third quarter of 2022, ending Sept. 30. He will remain Chief Financial Officer. 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 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. 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. 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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. He rowed at Yale. Live market coverage co-anchored from Hong Kong and New York. 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. 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. 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. On average, Michael trades about 15,269 units every 52 days since 2012. from Yale and a J.D. 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. Comcast Corp. promoted Mike Cavanagh, a former Wall Street banker, to president of the Philadelphia telecom and entertainment company, the company said Wednesday. 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. 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. 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. 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. It also provides wireless and security and automation services to residential customers under the Xfinity brand. 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. Todays promotion will come as no surprise Mike is admired and trusted by those who know and work with him, said Roberts. Get notified the next time Michael J. Cavanagh buys or sells Comcast stock. He is the first executive outside the Roberts family to hold the title. 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. 2023 The Hollywood Reporter, LLC. The Hollywood Reporter is a part of Penske Media Corporation. PHILADELPHIA--(BUSINESS WIRE)--Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has been named President. 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. We hope you'll join us in welcoming them to the board and The Rosenbach community. 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. Why? All Rights Reserved. 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. With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the businesses and teams across the company. The estimated Net Worth of Michael J Cavanagh is at least $34.5 Million dollars as of 17 March 2022. 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 . Cavanagh has been finance chief of the media and technology company for the last seven years. They peaked in August 2021 at about $60 a share. Comcast said chief financial officer Mike Cavanagh has been promoted to president, working with chairman and CEO Brian Roberts. Michael's mailing address filed with the SEC is ONE COMCAST CENTER, , PHILADELPHIA, PA, 19103. 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. 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. Comcast said that it had already repurchased $9 billion worth this year. Oct. 12, 2022, 08:24 AM. He was the Co-CEO of JPMorgan Chase's . Most recently he exercised 53,400 units of CMCSA stock worth $1,956,042 on 17 March 2022. Comcast Corporation Promotes Mike Cavanagh to President. Sky operates the Sky News broadcast network and sports and entertainment networks, produces original content, and has exclusive content rights. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. The company was founded in 1963 and is headquartered in Philadelphia, PA. 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. He also serves on the board of HealthVerity and is a member of the Council on Foreign Relations. What's on TV & Streaming Top 250 TV Shows Most Popular TV Shows Browse TV Shows by Genre TV News India TV Spotlight. from the University of Chicago. ', The True Story Behind 'Cocaine Bear': A 175-Pound Beast, a Dead Drug Smuggler in Gucci Loafers and More, Super Mario Bros. 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Comcast Corp. promoted Mike Cavanagh, a former Wall Street banker, to president of the Philadelphia telecom and entertainment company, the company said Wednesday. "With his leadership, the company has expanded its reach significantly in the U.S. and. Mike Cavanagh is only the third president in the companys 59-year history. 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. from Yale University and a J.D. 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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. Emily Cavanagh, Lisa Washington, and Gene LeFevre each bring their own expertise and passion for our mission. Burke and Dimon attended Harvard Business School together, graduating in 1982. 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. 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 . Comcast Launches 'Free This Week', Increasing Access To Streaming And Premium Network Fare For Xfinity X1 And . With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the . Gift this article. The Theme Parks segment operates Universal theme parks in Orlando, Florida, Hollywood, California, Osaka, Japan, and Beijing, China. 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. Mike will be only the third president in the companys 59-year history. 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. 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. Mike Cavanagh - @cjetnut. Cindy Ord/Getty Images Entertainment. Trustee 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. PHILADELPHIA, Pa. - Comcast Corporation today announced that Mike Cavanagh has been named President. Cavanagh earned a B.A. 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. 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. from the University of Chicago. October 12, 2022. in News. Learn More on Michael J. Cavanagh's salary. While Comcast stock price hasnt fallen as much as some of its Hollywood peers this year Warner Bros. 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. Menu. New Comcast CFO says company must avoid complacency. 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. Athletes' ambitions don't end when they leave the field of play. As the Sr. EVP & CFO of Comcast Co., Mr. Cavanagh earned a total compensation package of $369,489.00 in 2021. Due to a planned power outage on Friday, 1/14, between 8am-1pm PST, some services may be impacted. Michael Cavanagh serves as President and Chief Financial Officer of Comcast Corporation. The corporate mailing address for Mr. Cavanagh and other Comcast executives is One Comcast Center, Philadelphia PA, 19103. Michael J. Cavanagh serves as Senior Executive Vice President and Chief Financial Officer of Comcast Corporation. There are 18 older and 3 younger executives at Comcast Corp. Mr. Cavanagh served as the Co-President and Co-Chief Operating Officer at The Carlyle Group LP since joining in April 2014. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. Cavanaghs connection to Comcast can be traced through Steve Burke, a longtime Comcast executive and former head of NBCUniversal. He is from United States. 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 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. 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. Mike came to Comcast after more than 20 years in the financial services industry. I look forward to working together to shape the bright future of Comcast.. By clicking Accept all you agree that Yahoo and our partners will process your personal information, and use technologies such as cookies, to display personalised ads and content, for ad and content measurement, audience insights, and product development. JPMorgan came through the financial crisis of 2008-09 mostly unscathed. The Media segment consists of NBCUniversal's television and streaming platforms, including national, regional, and international cable networks. Mike came to Comcast after more than 20 years in the financial services industry. 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