Comcast Announces Leadership Transition Ahead of Planned Spin-Off
March 19, 2025 – Comcast Corporation (Nasdaq: CMCSA) has announced that David Novak, a current director on Comcast’s Board of Directors, will assume the role of non-executive Chairman of the Board for SpinCo, the company’s planned spin-off entity.

Key Highlights:
SpinCo Overview:

Will include a strong portfolio of cable channels and complementary digital assets
Expected to complete by the end of 2025
Leadership Transition:

David Novak will vacate his position on Comcast’s Board once the spin-off is finalized
He will assume the role of non-executive Chairman of SpinCo
This move aligns with Comcast’s strategy to enhance shareholder value and streamline its core business.