CG Carlyle Group Inc

   By Chelsey Dulaney 
 

Comcast Corp. on Monday tapped Carlyle Group executive Michael J. Cavanagh as its next chief financial officer, replacing Michael J. Angelakis, who is leaving to lead a joint investment company with Comcast.

Comcast said in March that it would create an investment company in partnership with Mr. Angelakis to hunt for growth at home and abroad as the U.S. cable market matures. Mr. Angelakis stepped down as CFO to become the new company's chief executive. He will become a senior adviser to Comcast.

Mr. Cavanagh joined private-equity firm Carlyle last summer as co-president and co-chief operating officer. He was previously a top J.P. Morgan Chase & Co. executive, serving as its finance chief for nearly six years.

Write to Chelsey Dulaney at chelsey.dulaney@wsj.com

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