With his leadership, the company has expanded its reach significantly in the US and globally. The estimated Net Worth of Michael J Cavanagh is at least $34.5 Million dollars as of 17 March 2022. 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. It most recently tallied revenue of $29.85 billion in the third quarter of 2022, ending Sept. 30. Michael J. Cavanagh has not been actively trading shares of Comcast during the last quarter. Gift this article. 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. Chart Data in Insider Trading History Table. Cavanagh will remain as Comcast's CFO, a position he has held since joining the company seven years ago. Mr. Cavanagh has served as the Chief Financial Officer of Comcast Corporation since July 2015. 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. To zoom out, use the keyboard shortcut [Ctrl] + [-] in Windows and [Cmd] + [-] on a Mac. Menu. Mike has brought incredible operational and financial expertise to Comcast and is an integral part of our special company. 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. October 12, 2022. 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. Mr. Cavanagh earned a B.A. 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. Member Since. JPMorgan came through the financial crisis of 2008-09 mostly unscathed. He also served as JPMorgan Chases CFO for six years helping steer the company to successfully navigate the financial crisis. The prices in other telecom and entertainment companies, among them Verizon, Walt Disney and Netflix, have also declined. 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. Memoir, Humor and Comedy, Romance. Comcast has approximately 186,000 employees worldwide and $121 billion in annual revenue. Mr. Cavanagh joined Comcast as the companys Chief Financial Officer in 2015 after spending more than twenty years in the financial services industry. Mr. Cavanagh was appointed a successor trustee in 2020. Why? Comcast Corporation Promotes Mike Cavanagh to President. Prior to joining our company, Mr. Cavanagh had been Co-President and Co-Chief Operating Officer for The Carlyle Group, a global investment firm, since 2014. He will continue to serve as chief financial officer in addition to working closely with chairman-CEO Brian Roberts on managing the companys cable and broadband operations as well as NBCUniversal. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. Comcast Corp. promoted Mike Cavanagh, a former Wall Street banker, to president of the Philadelphia telecom and entertainment company, the company said Wednesday. 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. from Yale University and a J.D. The chief financial officer of the Philadelphia-headquartered conglomerate was given additional duties in October. 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 will continue to serve as chief. Burke sat on the JPMorgan board and knew Cavanagh through board presentations. Mr. Cavanagh has a broad range of responsibilities, partnering with the Chairman and CEO to manage all aspects of the business and corporate team. Cavanagh joined Philadelphia-headquartered Comcast seven years ago as chief financial officer (CFO). On average, Michael trades about 15,269 units every 52 days since 2012. 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. Live market coverage co-anchored from Hong Kong and New York. You can change your choices at any time by visiting your privacy controls. 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. "Athlete | Empire" presents the in-depth, intimate stories of these businesses, as told by the players themselves. Mike Cavanaugh. There are 1 executives at Comcast Corp getting paid more, with BrianRoberts having the highest compensation of $36,370,200. Comcast named Michael J. Cavanagh as its chief financial officer Monday. 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. 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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. from the University of Chicago. Cavanagh will remain on as CFO, and with this promotion, he will also work closely with Comcast's Chairman and CEO Brian Roberts to manage the . Bloomberg Daybreak Asia. $1 Million - $5 Million. from Yale University and a J.D. Comcast Corporation Promotes Mike Cavanagh to President Business Wire PHILADELPHIA -- October 12, 2022 Comcast Corporation (Nasdaq: CMCSA) today announced that Mike Cavanagh has . PHILADELPHIA, Pa. - Comcast Corporation today announced that Mike Cavanagh has been named President. The most recent insider tranaction occured on February, 21st when Major Shareholder Corp Comcast sold 37,176 shares worth more than $75,467.28. 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. Its an honor to work with Brian to lead this great company, Cavanagh added. Last updated: 18 March 2022 at 5:05pm EST. 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. 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. Mike will be only the third president in the companys 59-year history. Mike has a broad range of responsibilities, including overseeing all financial functions, corporate development, strategic planning, and corporate administration. Comcast said chief financial officer Mike Cavanagh has been promoted to president, working with chairman and CEO Brian Roberts. You can see the complete history of Mr. Cavanagh stock trades at the bottom of the page. Michael J. Cavanagh serves as Chief Financial Officer, Senior Executive Vice President of the Company. Mike joined Comcast in 2015 as the companys Chief Financial Officer after spending more than 20 years in the financial services industry. 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. New Comcast CFO says company must avoid complacency. Two other adult children, left home eventually, complete the extended menagerie. Burke and Dimon attended Harvard Business School together, graduating in 1982. 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. He lives with his wife, Julie, adult son Dan, and two black cats in Bateman's Bay, NSW. Variety and the Flying V logos are trademarks of Variety Media, LLC. The Theme Parks segment operates Universal theme parks in Orlando, Florida, Hollywood, California, Osaka, Japan, and Beijing, China. Since then Michael has changed 3 companies and 2 roles. 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. 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. News Wire Feed Light Reading 10/12/2022. Mike has brought incredible operational and financial expertise to Comcast and is an integral part of our special company. 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