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Comcast Names Steve Croney CEO of Connectivity & Platforms, Succeeding Dave Watson, Who Will Become Vice Chairman of Comcast Corporation

1. Steve Croney promoted to CEO of Connectivity & Platforms division. 2. Croney to drive Comcast's residential and commercial connectivity businesses. 3. Dave Watson moves to Vice Chairman role, focusing on strategic initiatives. 4. Leadership change emphasizes operational transformation and customer experience. 5. Croney's experience includes successful go-to-market strategies and AI integration.

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FAQ

Why Bullish?

Steve Croney's promotion indicates a focus on innovation and operational success, likely enhancing CMCSA's competitiveness. Previous leadership transitions in major companies, like Microsoft, resulted in positive market responses, suggesting CMCSA may also benefit similarly.

How important is it?

The leadership change at a pivotal role suggests potential future strategies that can affect shareholder value and company performance, highlighting its significance.

Why Long Term?

Leadership changes often take time to show impact. Croney’s strategies may significantly influence Comcast’s market performance over the coming years, particularly in broadband and operational efficiencies.

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Comcast Corporation (NASDAQ:CMCSA) today announced that Steve Croney will be promoted to Chief Executive Officer of its Connectivity & Platforms division, succeeding Dave Watson on January 1, 2026. In this role, Croney will be responsible for Comcast's residential and commercial connectivity businesses, including broadband, wireless and its entertainment distribution platforms. At the same time, Watson will become Vice Chairman of Comcast Corporation where he will advise the company and lead strategic initiatives.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251030997796/en/

Steve Croney, Comcast Corporation (Photo: Comcast)

Steve Croney, Comcast Corporation (Photo: Comcast)

"Dave Watson has been an extraordinary partner and is one of the pioneers who helped build our company and our culture over three decades. He's built an exceptional team and we're grateful for all he's done and continues to do for our company," said Brian Roberts, Chairman and CEO, and Mike Cavanagh, President, Comcast Corporation. "Steve Croney is exactly the right leader for the future. He is a trusted and accomplished executive who has been instrumental in advancing our operational transformation. Steve has a clear vision, and is already leading with focus and urgency, while ensuring we are well-positioned for the opportunities ahead."

"It has been a privilege to help lead this incredible team and to be part of this very special company and I'm grateful for the partnership," said Dave Watson. "Together, we've developed world-class products, launched new businesses, and created a culture that never stops innovating for our customers. Steve is the right person to take the business forward — he brings drive, deep operational experience, and the respect of the entire management team."

"I'm honored to step into this role and to work closely with Brian, Mike, and leaders across the business as we build on the strong foundation that Dave and our team have created," said Steve Croney. "I couldn't be more excited about what's ahead — reimagining what's possible for our customers and delivering an experience that earns their loyalty and trust while driving growth for Comcast."

Croney currently serves as Chief Operating Officer of Connectivity & Platforms, where he leads Comcast's residential and commercial businesses. In this role, he has implemented a new go-to-market strategy, including national packaging and pricing, a new creative platform, and reorganized the business. Previously, he served as Chief Financial Officer of Connectivity & Platforms and held leadership roles in finance, operations, and general management across the company, driving major initiatives such as market expansion and network evolution, the launch of new products, and the use of AI and data to enhance the customer experience and operational performance.

About Comcast Corporation

Comcast Corporation (NASDAQ:CMCSA) is a global media and technology company. From the connectivity and platforms we provide, to the content and experiences we create, our businesses reach hundreds of millions of customers, viewers, and guests worldwide. We deliver world-class broadband, wireless, and video through Xfinity, Comcast Business, and Sky; produce, distribute, and stream leading entertainment, sports, and news through brands including NBC, Telemundo, Universal, Peacock, and Sky; and bring incredible theme parks and attractions to life through Universal Destinations & Experiences. Visit www.comcastcorporation.com for more information.

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