Comcast has upped its Deputy Chief Monetary Officer Jason Armstrong to the CFO submit, succeeding Mike Cavanagh, who was named president of the NBCUniversal guardian final October.
Armstrong has served in a number of monetary management positions over the previous 9 12 months.
“Jason is ideally suited to be our subsequent Chief Monetary Officer,” mentioned Cavanagh. “He’s a trusted voice within the monetary neighborhood, has an amazing understanding of our firm, and is properly revered by our administration group. Jason is already taking part in a pivotal function in shaping our long-term technique and I couldn’t be extra excited to associate with him going ahead.”
As deputy CFO, Armstrong oversaw the Treasury and finance features at Comcast and managed its capital formation, capital allocation, credit-related issues, and funding administration actions, working carefully with groups throughout Comcast Cable, NBCU, and Sky. Earlier than that, he served as Treasurer of Comcast, CFO at Sky, and as head of Investor Relations and Finance at Comcast.
Previous to becoming a member of Comcast in 2014, Armstrong spent 13 years at Goldman Sachs the place he served as managing director and lead of the agency’s Cable and Telecommunications Analysis Group.
“I’m extremely honored to have this function and to work alongside Brian and Mike and this distinctive group,” Armstrong mentioned. “Comcast’s management, tradition, sturdy monetary place and dedication to innovation and progress attracted me right here practically a decade in the past and proceed to drive my pleasure in regards to the alternatives forward of us.”
Cavanagh was solely the third president within the firm’s 59-year historical past and was named to submit to work much more carefully with chairman-CEO Brian Roberts managing companies and groups throughout the corporate. The previous Wall Road govt had initially retained the CFO title as properly.
