Comcast has named its deputy chief financial officer Jason Armstrong as chief financial officer, succeeding Mike Cavanagh, who was named president of parent company NBCUniversal last October.
Armstrong has held various senior financial positions over the past nine years.
“Jason is ideally suited to be our next CFO,” said Cavanagh. “He is a trusted voice in the financial world, has a deep understanding of our business and is highly respected by our management team. Jason is already playing an important role in shaping our long-term strategy and I couldn’t be happier to work with him in the future.”
As Deputy CFO, Armstrong oversaw Comcast’s treasury and finance functions and managed capital formation, capital allocation, credit affairs and investment management activities, working closely with teams at Comcast Cable, NBCU and Sky. Prior to that he was Treasurer at Comcast, CFO at Sky, and Head of Investor Relations and Finance at Comcast.
Before joining Comcast in 2014, Armstrong spent 13 years at Goldman Sachs, where he served as a managing director and led the company’s Cable and Telecommunications Research Group.
“I am incredibly honored to accept this role and work with Brian and Mike and this extraordinary team,” said Armstrong. “Comcast’s leadership, culture, strong financial position and commitment to innovation and growth drew me here nearly a decade ago and continue to fuel my excitement for the opportunities ahead.”
Cavanagh was only the third president in the company’s 59-year history and was appointed to work even more closely with Chairman and CEO Brian Roberts, who leads businesses and teams across the company. The former Wall Street executive initially retained the title of CFO.
Writer: Jill Goldsmith
Source: Deadline
Elizabeth Cabrera is an author and journalist who writes for The Fashion Vibes. With a talent for staying up-to-date on the latest news and trends, Elizabeth is dedicated to delivering informative and engaging articles that keep readers informed on the latest developments.
