Comcast Extends Mike Cavanagh’s Contract, Grants $35M In Stock Awards As Exec Set To Become Co-CEO

Mike Cavanagh Inks Comcast Contract Extension Ahead of Co-CEO Promotion

Cavanagh will join Brian Roberts atop the cable company beginning Jan. 1.

Comcast's Mike Cavanagh Extends Contract to 2029

Once Mike Cavanagh takes over Comcast as co-CEO in January alongside Brian Roberts, he’ll be in that role for at least three years. According to a new SEC filing, the current Comcast president’s base salary will become $2.75 million annually before bonuses, starting Jan. 2, 2026. He will also receive $35 million in stock awards due to performance, with a contract that is set until Jan. 1, 2029. Cavanagh’s 2024 pay package included a $2.5 million…

Comcast Extends Mike Cavanagh’s Contract, Grants $35M In Stock Awards As Exec Set To Become Co-CEO

Comcast entered into a new employment agreement with Michael Cavanagh in connection with his upcoming appointment as co-chief executive officer.

Comcast Extends Michael Cavanagh’s Contract Through 2029, Grants Exec Stock Worth $35 Million

Michael Cavanagh, as he’s set to assume the role of Comcast’s co-CEO on Jan. 2, extended his employment contract with the cable and media conglomerate that runs through Jan. 1, 2029. Under the terms of the agreement, Cavanagh will be entitled to an annual base salary of $2.75 million and annual performance-based cash bonus target […]

Comcast extends Mike Cavanagh's contract through January 1, 2029, and grants a ~$35M performance-based stock package; he's set to become co-CEO in January 2026

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