New CFO at Comcast Corporation

PHILADELPHIA: Michael J. Cavanagh has been named senior executive VP and chief financial officer at Comcast Corporation.

He will join Comcast early this summer from The Carlyle Group, where he served as its co-president and co-chief operating officer in New York. Prior to Carlyle, Cavanagh spent almost ten years as a member of the operating committee of JPMorgan Chase & Co. and served nearly six years as its CFO. He will be based at Comcast’s headquarters in Philadelphia.

Brian L. Roberts, Comcast's chairman and CEO, said, “I’m so thrilled Mike [Cavanagh] is joining our team. He is a world-class executive with significant experience leading and overseeing large companies with multiple, complex businesses. He has had a distinguished career that spans more than two decades, is incredibly talented, and will be a great leader for Comcast.”

Cavanagh said, “Comcast is an exceptional company that is well-positioned to win in the rapidly evolving media and technology industries. The opportunity to work closely with Brian and one of the best management teams I’ve come across in any industry was something I could not pass up. Carlyle is a great organization with a bright future. Michael Angelakis has helped build Comcast into the strong financial position it is in today and I can’t wait to get to work with my new colleagues to further expand on the company’s success.”