(L-R) Michael Cavanagh, then-chief financial officer of Comcast, talks with Brian Roberts, chief executive officer of Comcast, as they arrive for the annual Allen & Company Sun Valley Conference, July 9, 2019 in Sun Valley, Idaho.
Drew Angerer | Getty Images
Comcast announced Monday it’s named Mike Cavanagh as co-CEO alongside longtime leader Brian Roberts, starting in January.
Cavanagh, who currently serves as president, will also be named to the Comcast board of directors at that time, effective in January. Roberts will remain as chairman and co-CEO of the company.
“Since joining Comcast a decade ago, Mike has proven himself to be a trusted and collaborative leader,” said Roberts in a statement. “He is the ideal person to help lead Comcast as we manage the pivot we are making to drive growth across the company. Mike and I work seamlessly together, and I am thrilled to be partnering with him as Co-CEO and with the rest of our talented management team, for years to come.”
Initially, Cavanagh served as chief financial officer of the cable giant, which consists of a broadband, cable TV and mobile company as well as NBCUniversal.
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Disclosure: Comcast is the parent company of NBCUniversal, which owns CNBC. Versant would become the new parent company of CNBC upon Comcast’s planned spinoff of Versant.
