Comcast Corporation Announces Nomination of Edward D. Breen as Independent Director

Strategic Insights -

Comcast Corporation, a leading provider of cable, entertainment, and communications products and services, has announced the nomination of Edward D. Breen, Chairman and CEO of Tyco International, Ltd., as an independent director of the company. This move is part of Comcast's commitment to strong corporate governance, as it aims to have a two-thirds independent board. Breen's extensive experience in the technology and cable industries, including his tenure as president and COO of Motorola, Inc., makes him an ideal candidate for this position.

Key Takeaways:

  • Edward D. Breen, 49, has been nominated as an independent director of Comcast Corporation, bringing his experience as Chairman and CEO of Tyco International, Ltd. and President and COO of Motorola, Inc. to the role.
  • Breen will join the slate of 11 incumbent directors for election at Comcast's annual meeting of shareholders on June 1 in Philadelphia.
  • With Breen's election, Comcast will have a two-thirds independent board, solidifying its commitment to strong corporate governance.
  • Breen is a recipient of the National Cable and Telecommunications Association's Vanguard Award for his contributions to the growth of the cable industry.
  • Breen holds a B.S. from Grove City College in North Pittsburgh, PA, and is a resident of New Hope, PA, with his wife and three children.

Statistics:

  • Comcast has 21.5 million cable customers and 7 million high-speed Internet customers.
  • Comcast's content networks and investments include E! Entertainment Television, Style Network, The Golf Channel, Outdoor Life Network, G4, AZN Television, TV One, and four Comcast SportsNets.
  • Comcast has a majority ownership in Comcast-Spectacor, which includes the Philadelphia Flyers NHL hockey team, the Philadelphia 76ers NBA basketball team, and two multipurpose arenas in Philadelphia.

Sources:

  • PRNewswire-FirstCall, "Comcast Corporation Announces Nomination of Edward D. Breen as Independent Director" (April 8)
  • Comcast Corporation, "About Comcast Corporation" (www.comcast.com)