NBCUniversal’s parent company Comcast has promoted Jason Armstrong to chief financial officer. He succeeds Mike Cavanagh, who was named president of the company in October.
Armstrong has served in financial leadership positions at Comcast Corporation for the past nine years. Most recently, he was the company’s deputy chief financial officer and treasurer.
“Jason is ideally suited to be our next chief financial officer,” said Cavanagh.
“He is a trusted voice in the financial community, has a great understanding of our company, and is well respected by our management team.
“Jason is already playing a pivotal role in shaping our long-term strategy and I couldn’t be more excited to partner with him going forward.”
As deputy CFO, Armstrong oversaw Comcast’s treasury and finance functions. He managed the corporation’s capital formation, capital allocation, credit-related matters, and investment management activities.
Prior to that, he was Comcast’s treasurer, the chief financial officer at Sky, and the head of investor relations and finance at Comcast.
Before joining Comcast in 2014, Armstrong worked at Goldman Sachs for 13 years. There, he served as managing director.
“I’m incredibly honored to have this role and to work alongside Brian and Mike and this exceptional team,” Armstrong said.
“Comcast’s leadership, culture, strong financial position and commitment to innovation and growth attracted me here nearly a decade ago and continue to drive my excitement about the opportunities ahead of us.”
New CFO replaces Mike Cavanagh
Universal Parks & Resorts is the theme park division of NBCUniversal, a subsidiary of Comcast Corporation.
In December, it was reported that Universal Creative’s Thierry Coup and Mike Hightower are leaving the company in an NBCUniversal early retirement initiative.
Universal Creative designs, develops and delivers themed attractions, rides, parks and resorts for Universal Parks & Resorts
In more news, NBCUniversal CEO Jeff Shell has revealed that construction on the Epic Universe theme park in Orlando is on track to open in 2025.
