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Comcast Extends Mike Cavanagh's Contract with $35M in Stock Awards as He Prepares to Become Co-CEO.

Dec 23, 2025•6 months ago

Contract Type

contract

PhiladelphiaSoftwareMessaging And TelecommunicationsWirelessTelecommunications

Description

Comcast has formalized a new employment agreement with Michael Cavanagh set to last until January 1, 2029, as he prepares for his dual role as co-CEO. The contract includes an annual salary of $2.75 million and a performance-based stock award valued at approximately $35 million.

Company Information

Company

Comcast Corporation

Location

Philadelphia, Pennsylvania, United States

About

Comcast Corporation is a global media and technology company. From the connectivity and platforms provided, to the content and experiences created, the businesses reach hundreds of millions of customers, viewers, and guests worldwide. They deliver world-class broadband, wireless, and video through Xfinity, Comcast Business, and Sky; produce, distribute, and stream leading entertainment, sports, and news through brands including NBC, Telemundo, Universal, Peacock, and Sky; and bring theme parks and attractions to life through Universal Destinations & Experiences.

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