Comcast Promotes Jason Armstrong to Deputy Chief Financial Officer
Will keep EVP and treasurer responsibilities
Comcast said Tuesday that Jason Armstrong has been promoted to deputy chief financial officer while also retaining his responsibilities as executive VP and treasurer. Armstrong will continue to report to company CFO Michael Cavanagh.
In a memo to employees Tuesday, Cavanagh said Armstrong will work with him and partner with the corporate finance and management teams at Comcast Cable, NBCUniversal and Sky to help drive strategy. Armstrong will continue to oversee Comcast’s corporate treasury functions and manage key initiatives and identify opportunities to collaborate across businesses.
Armstrong has been with Comcast for nearly a decade, joining the company in 2014 as head of investor relations, after 14 years as a top equity analyst at Goldman Sachs covering the TMT space. He was named CFO of Sky in 2020, but returned to Comcast’s Philadelphia headquarters later that year as executive VP and treasurer, after his and his family’s full relocation to Sky’s U.K. offices was unexpectedly complicated by the COVID-19 pandemic.
“Jason is perfectly suited for this new role and I’m looking forward to working with him for years to come,” Cavanagh said in the memo. ”He has earned the respect of several generations of leaders at Comcast, and his experience and insights about our company, competition, and industry cannot be overstated. I have every confidence in Jason and believe that this new position will help create tremendous value for our continued growth.”
The full text of Cavanagh’s memo is here:
I am pleased to announce that Jason Armstrong has been promoted to Deputy Chief Financial Officer of Comcast Corporation. Jason will work with me and partner with corporate finance and the management teams at Comcast Cable, NBCUniversal, and Sky to help lead our finance organization and drive our strategy. He will continue to oversee Treasury, manage key initiatives, and identify opportunities to further collaborate across our businesses.
Jason’s contributions to Comcast are significant. He has been a trusted partner and advisor to senior leadership for nearly a decade. In that time, his roles have included head of Investor Relations and Treasurer for Comcast Corporation, and Chief Financial Officer for Sky. He joined Comcast in 2014 after a remarkable career as a leading analyst covering technology, media, and telecommunications at Goldman Sachs.
Jason is perfectly suited for this new role and I’m looking forward to working with him for years to come. He has earned the respect of several generations of leaders at Comcast, and his experience and insights about our company, competition, and industry cannot be overstated. I have every confidence in Jason and believe that this new position will help create tremendous value for our continued growth.
Please join me in congratulating Jason!
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Mike Farrell is senior content producer, finance for Multichannel News/B+C, covering finance, operations and M&A at cable operators and networks across the industry. He joined Multichannel News in September 1998 and has written about major deals and top players in the business ever since. He also writes the On The Money blog, offering deeper dives into a wide variety of topics including, retransmission consent, regional sports networks,and streaming video. In 2015 he won the Jesse H. Neal Award for Best Profile, an in-depth look at the Syfy Network’s Sharknado franchise and its impact on the industry.