Change of CFO at Sky as Armstrong returns to Comcast

Jason Armstrong, who was named as pay TV operator Sky’s chief financial officer at the start of the year, is to return to parent company Comcast’s corporate headquarters as EVP and treasurer, effective July 1.

Jason Armstrong

Armstrong and his family’s full relocation to Sky’s headquarters in the UK was complicated by the onset of the COVID-19 pandemic. Following Comcast treasurer Bill Dordelman’s decision to retire, Armstrong will now remain in Philadelphia and succeed Dordelman.

Sky has meanwhile named Simon Robson, who has been at the company for 23 years most recently as deputy chief financial officer, to succeed Armstrong as CFO.

Armstrong will oversee Comcast’s, NBCUniversal’s, and Sky’s relationships with financial institutions and manage the company’s capital formation, capital allocation, credit-related matters, and investment management activities. He will report to Mike Cavanagh, CFO of Comcast.

Armstrong was previously SVP of investor relations and finance at Comcast for six years. Before that, he spent 13 years at Goldman Sachs where he served as managing director, deputy business Unit leader of the firm’s technology, media and telecommunications research group.

“I’m excited to have Jason back on the senior team at our corporate headquarters.I look forward to him leading our Treasury group, which does an excellent job managing our strategic financing activities across the company,” said Cavanagh.

“Bill has been a key part of our financial leadership team during our most transformative transactions and numerous other situations in between. Highly respected within the financial community, he has consistently found creative ways to help accomplish the company’s financial agenda. It’s been a pleasure partnering with him over the past five years, and I wish him the very best going forward.”