Comcast (NASDAQ: CMCSA) went back to the investment-banking well for its latest executive hire, Morgan Stanley's Robert Eatroff as its new executive VP of corporate development and strategy.
Eatroff will replace Alexander Evans, who will join former Comcast CFO Michael Angelakis in launching a new venture capital company in partnership with the MSO in January. Eatroff is also replacing Bob Pick, senior VP of corporate development, who is retiring at the end of 2015 but will remain in a consulting role on special projects with Comcast.
Eatroff will report to new Comcast CFO Michael Cavanagh, himself a former investment banker who was poached from the Carlyle Group to replace Angelakis in May. Eatroff will start his new job in January, coinciding with Evans' departure.
"I'd like to thank Bob Pick for his more than 26 years of service and all he has done for Comcast as we have achieved stunning growth during his tenure," said Brian Roberts, chairman and CEO of Comcast Corp. "With Alex Evans remaining within the Comcast family and Bob Eatroff joining us, we're in a great position to continue that growth and pursue exciting new opportunities."
Eatroff joins Comcast after spending more than 20 years at Morgan Stanley in its investment banking division. He served as lead advisor on M&A transactions and has led numerous divisions within the company, including its technology investment banking group on the East Coast.
"Bob Eatroff is a terrific talent and will be a great addition to our team," Cavanagh said. "He is well known to Comcast, having advised the company on transactions for years, including the acquisition of NBCUniversal, and has extensive knowledge of an array of sectors, including technology, telecommunications, cable, media and wireless."
- read this Comcast press release
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