Mike Cavanagh will continue his leadership at Comcast, extending his contract through January 1, 2029. Starting in January, Cavanagh will step into the role of co-CEO alongside Brian Roberts, marking at least a three-year tenure in this position.

According to a recent SEC filing, Cavanagh’s base salary will increase to $2.75 million annually beginning January 2, 2026, with eligibility for up to $35 million in performance-based stock awards. His 2024 compensation package included:

• $2.5 million base salary
• $13.63 million in stock awards
• $4.38 million in option awards
• $7.5 million in non-equity incentive plan compensation
• $255,162 in other compensation, which included $10,000 in company retirement contributions and $245,162 for personal use of a company-provided aircraft

In a statement, Cavanagh expressed his enthusiasm for the company’s future: “Comcast is a special company with exceptional businesses and an incredible team. It is an honor to work with Brian and the entire Comcast NBCUniversal leadership team during this exciting and transformative time in our industry.”

Roberts praised Cavanagh’s leadership, saying, “Since joining Comcast a decade ago, Mike has proven himself to be a trusted and collaborative leader. 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.”

For 2024, Roberts’ compensation included a $2.5 million base salary, $17.9 million in stock awards, $5.75 million in option awards, $7.5 million in non-equity incentive plan compensation, and $200,483 in other compensation, which included $10,000 in retirement contributions and $190,483 for personal use of a company-provided aircraft.

Cavanagh joined Comcast in 2015 as chief financial officer after more than 20 years in the financial services sector. He assumed permanent oversight of NBCUniversal in 2023 following Jeff Shell’s departure.

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