Michael Angelakis, Comcast’s highly regarded vice chairman and chief financial officer, has been named to the board of directors of the influential Federal Reserve Bank of Philadelphia for a three-year term starting in January.
It won’t impact his role at the powerful Philly-based entertainment giant, where he added the vice chairman title last month and serves as a key adviser to topper Brian Roberts.
Angelakis joined Comcast in 2007 from a perch as managing director of Providence Equity Partners, causing a stir by becoming one of the few media top executives to jump from private equity — it usually goes the other way. He recently reupped with Comcast through 2016.
He was a key player in hashing out Comcast’s acquisition of NBC Universal from General Electric last year.
Comcast and Providence Equity worked together on a high-profile takeover of MGM back in 2004 along with Sony and other partners. That didn’t work out particularly well, and MGM filed for bankruptcy.