Comcast Corporation, a global media and technology company, announced today that it has promoted Cathy Avgiris to Chief Financial Officer of Comcast Cable, effective July 1, 2013. The newlly-appointed CFO will be responsible for managing $40 billion in annual revenues, which puts her well within the Fortune 100 in terms of her CFO peer group.
Avgiris, a 21-year Comcast veteran, will report to Neil Smit, President and Chief Executive Officer, Comcast Cable. She succeeds Dave Scott, who is retiring after twenty years with the Company.
“Cathy brings broad operational expertise, a strong financial background and a deep understanding of our Company and our industry to her new role,” said Smit.
“She is an exceptional leader who has successfully managed some of Comcast’s largest and fastest-growing operations and I look forward to working with her as we continue to grow our business.”
“This is such an exciting time for Comcast and I am thrilled to take on this new role as Chief Financial Officer,” said Avgiris.
“We are shaping the future of so many industries – television, high-speed Internet, phone, home management, advertising – by bringing new, innovative products and services to residential and business customers. It’s been a great experience to be a part of such a talented team and Company and I am confident we will continue to drive growth and success in the future.”
The Greek-American has been instrumental in the growth and development of Comcast for more than twenty years. In her current role as Executive Vice President and General Manager, Communications and Data Services, Avgiris leads Comcast’s XFINITY Internet, XFINITY Voice and consumer wireless business.
Under her leadership, Comcast has become the largest Internet provider and one of the largest phone providers in the U.S, with 19 million Internet and 10 million Voice customers.
Avgiris is also responsible for launching the Verizon Wireless partnership, managing the Company’s Internet Essentials program, which provides low-cost Internet service to low-income families, and overseeing Comcast’s WiFi initiative.
During her tenure with the Company, the newly-appointed CFO has also served as SVP and General Manager of Comcast Digital Voice and SVP of Finance for Comcast Cable, where she managed all financial and administrative activity for Comcast’s high-speed Internet and Voice services.
Prior to joining Comcast in 1992, Avgiris spent 11 years in finance, serving as Chief Financial Officer of Drexel Industries, Inc., a publicly held company, and as an Audit Manager with Deloitte & Touche.
Cathy Avgiris holds a B.A. from Baruch College and is a Certified Public Accountant in New York and Pennsylvania.
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