Universal parent company Comcast has announced Mike Cavanagh as its co-CEO. He will serve alongside Brian Roberts, who will continue as chairman and co-CEO.
Cavanagh’s new role as co-CEO is effective from January 2026. At the same time, he will be named to the Comcast board of directors.
“Since joining Comcast a decade ago, Mike has proven himself to be a trusted and collaborative leader,” said Roberts.
“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.”
Cavanagh, who joined Comcast in 2015 as its chief financial officer and currently serves as president, said: “Comcast is a special company with exceptional businesses and an incredible team.”
Driving growth across Comcast’s divisions
He added, “It is an honor to work with Brian and the entire Comcast NBCUniversal leadership team during this exciting and transformative time in our industry.”
Comcast is a global media and technology company. As well as its Universal theme parks across the world, Comcast delivers broadband, wireless, and video through Xfinity, Comcast Business, and Sky.
It also produces, distributes and streams entertainment, sports and news through brands like NBC, Telemundo, Peacock and Sky.
Comcast’s theme parks segment is in the middle of a major expansion, which includes the recent opening of Epic Universe in Orlando and the launch of Universal Horror Unleashed in Las Vegas.
Another Universal Horror Unleashed is to open in Chicago. Also, Universal is launching its first family resort in Frisco, Texas next year, and planning its first UK theme park.
In August, Comcast’s content and experiences division, which includes its parks, reported revenue growth of 6 percent, driven by the new Epic Universe destination.
Images courtesy of Comcast
