Cavanagh, who currently serves as president, will also be named to the Comcast board of directors at that time, effective in January. Roberts will remain as chairman and co-CEO of the company.
“Since joining Comcast a decade ago, Mike has proven himself to be a trusted and collaborative leader,” said Roberts in a statement. “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.”
Initially, Cavanagh served as chief financial officer of the cable giant, which consists of a broadband, cable TV and mobile company as well as NBCUniversal.
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Disclosure: Comcast is the parent company of NBCUniversal, which owns CNBC. Versant would become the new parent company of CNBC upon Comcast’s planned spinoff of Versant.
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