Burke sat on the JPMorgan board and knew Cavanagh through board presentations. 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. 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. 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. Michael Cavanagh Work Experience and Education. Michael's mailing address filed with the SEC is ONE COMCAST CENTER, , PHILADELPHIA, PA, 19103. 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. Markets never sleep, and neither does Bloomberg. What Could Elon Musk Possibly Be Thinking? 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. He was Co-CEO of JPMorgan Chase's Corporate & Investment Bank from 2012 to 2014, a global leader in its. 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. from Yale University and a J.D. 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. 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. 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.. The Brian Roberts-led Comcast. Learn More From Comcast Careers Comcast Careers Blog How We Hire Our Culture FAQ Comcast named Michael J. Cavanagh as its chief financial officer Monday. In this role, Mike co-headed all investment banking, cash management, investor services, and the largest global markets and trading business in the world. Public Records. 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. . READ MORE: New Comcast CFO says company must avoid complacency [from 2015]. Mike will be only the third President in the company's 59-year history. . Prior to entering politics, he spent 25 years at the private-equity firm the Carlyle Group . Learn More on Michael J. Cavanagh's salary. You can see the complete history of Mr. Cavanagh stock trades at the bottom of the page. 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,. With his leadership, the company has expanded its reach significantly in the U.S. and globally, Comcast said. Mike also serves on the board of HealthVerity and is a member of the Council on Foreign Relations. According to ZoomInfo records, Michael Cavanagh's professional experience began in 2021. 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. Cavanagh serves on the Board of Trustees of Yale University and as chair of its investment committee. 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. We have exceptional businesses with world-class executives in Dana, Dave, and Jeff and Im proud to call them my partners. Comcast Corp. promoted Mike Cavanagh, a former Wall Street banker, to president of the Philadelphia telecom and entertainment company, the company said Wednesday. In 2019 we welcomed three new members to our board, including a new representative of the Free Library of Philadelphia Foundation Board of Directors. Mr. Cavanagh has served as the Chief Financial Officer of Comcast Corporation since July 2015. Comcast Corp. engages in the provision of video, Internet, and phone services. Subscribe for full access to The Hollywood Reporter, The former banker is "only the third president in the companys 59-year history.". With this promotion, Mike will work closely with Chairman and CEO Brian L. Roberts to manage the businesses and teams across the company. 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. 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. There are 18 older and 3 younger executives at Comcast Corp. The Studios segment focuses on NBCUniversal's film and television studio production and distribution operations. 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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? $1 Million - $5 Million. Learn More on Comcast's active insiders. The prices in other telecom and entertainment companies, among them Verizon, Walt Disney and Netflix, have also declined. 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. TV Shows. from the University of Chicago. He is also a member of the firm's Operating Committee and Executive Committee. On average, Comcast Corp executives and independent directors trade stock every 9 days with the average trade being worth of $3,606,828. BREAKING: Tiny biotech successfully treats blindness. The oldest executive at Comcast Corp is MaritzaMontiel, 68, who is the Independent Director. Oct. 12, 2022, 08:24 AM. He will remain Chief Financial Officer. Comcast Corp. has promoted Mike Cavanagh to be the company's third president in its 59-year history. 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. Mr. Cavanagh is also a director of Yum! All Rights Reserved. Insiders at Comcast own 1.1% of the company. He is the first executive outside the Roberts family to hold the title. There are 1 executives at Comcast Corp getting paid more, with BrianRoberts having the highest compensation of $36,370,200. 2023 The Hollywood Reporter, LLC. All Rights Reserved. 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. 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. 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). The estimated Net Worth of Michael J Cavanagh is at least $34.5 Million dollars as of 17 March 2022. Before that he was co-CEO of JPMorgan Chases Corporate & Investment Bank from 2012 to 2014. Comcast reported revenue of $116.4 billion for fiscal year 2021. Live market coverage co-anchored from Hong Kong and New York. Overnight on Wall Street is daytime in Asia. 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. This information is according to proxy statements filed for the 2021 fiscal year. Michael J. Cavanagh serves as Senior Executive Vice President and Chief Financial Officer of Comcast Corporation. This chart shows Mr. Michael J. Cavanagh's buying and selling at Comcast by year and by quarter. Memoir, Humor and Comedy, Romance. 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 lives with his wife, Julie, adult son Dan, and two black cats in Bateman's Bay, NSW. 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. 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. 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