PHILADELPHIA–(BUSINESS WIRE)–Jun 2, 2020–
Comcast Corporation announced today that Jason S. Armstrong will return to its corporate headquarters as Executive Vice President and Treasurer, effective July 1, 2020. Since the beginning of the year, Mr. Armstrong has served as Chief Financial Officer of Sky. He and his family’s full relocation to Sky’s headquarters in the United Kingdom was unexpectedly complicated by the onset of the COVID-19 global pandemic. With current Comcast Treasurer Bill Dordelman’s decision to retire after almost three decades at the company, Mr. Armstrong will now remain in Philadelphia and succeed Mr. Dordelman as Treasurer. Sky today also named Simon Robson, who has been at the company for 23 years most recently as Deputy Chief Financial Officer, to succeed Mr. Armstrong as Chief Financial Officer.
Comcast Corporation Names Jason Armstrong Executive Vice President and Treasurer (Source: Comcast Corporation)
As Comcast’s Treasurer, Mr. Armstrong will oversee Comcast’s, NBCUniversal’s, and Sky’s relationships with financial institutions and manage the company’s capital formation, capital allocation, credit-related matters, and investment management activities. He will report to Mike Cavanagh, Chief Financial Officer of Comcast Corporation.
“I’m excited to have Jason back on the senior team at our corporate headquarters,” said Mr. Cavanagh. “I look forward to him leading our Treasury group, which does an excellent job managing our strategic financing activities across the company.”
Mr. Cavanagh further commented, “Bill has been a key part of our financial leadership team during our most transformative transactions and numerous other situations in between. Highly respected within the financial community, he has consistently found creative ways to help accomplish the company’s financial agenda. It’s been a pleasure partnering with him over the past five years, and I wish him the very best going forward.”
Prior to becoming Comcast’s Treasurer and his Chief Financial Officer role at Sky, Mr. Armstrong served as Senior Vice President of Investor Relations and Finance at Comcast for six years. Before that, he spent 13 years at Goldman Sachs where he served as Managing Director, Deputy Business Unit Leader of the firm’s Technology, Media and Telecommunications Research Group. He was also lead analyst for the North American Communications Services Equity Research Group with principal coverage of the cable, satellite, telecommunication services, wireless towers, and data centers industries. He earned a B.S. degree in Economics from Duke University.
About Comcast Corporation
Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company with three primary businesses: Comcast Cable, NBCUniversal, and Sky. Comcast Cable is one of the United States’ largest high-speed internet, video, and phone providers to residential customers under the Xfinity brand, and also provides these services to businesses. It also provides wireless and security and automation services to residential customers under the Xfinity brand. NBCUniversal is global and operates news, entertainment and sports cable networks, the NBC and Telemundo broadcast networks, television production operations, television station groups, Universal Pictures, and Universal Parks and Resorts. Sky is one of Europe’s leading media and entertainment companies, connecting customers to a broad range of video content through its pay television services. It also provides communications services, including residential high-speed internet, phone, and wireless services. Sky operates the Sky News broadcast network and sports and entertainment networks, produces original content, and has exclusive content rights. Visit www.comcastcorporation.com for more information.
Marci—[email protected] Kearns
Jane—[email protected] Kaplan
KEYWORD: UNITED STATES NORTH AMERICA PENNSYLVANIA
INDUSTRY KEYWORD: TELECOMMUNICATIONS NETWORKS INTERNET AUDIO/VIDEO TV AND RADIO TECHNOLOGY MOBILE/WIRELESS ENTERTAINMENT
SOURCE: Comcast Corporation
Copyright Business Wire 2020.
PUB: 06/02/2020 10:00 AM/DISC: 06/02/2020 10:00 AM
Copyright Business Wire 2020.