Mike Cavanagh will be the CEO of NBCUniversal and Comcast’s former CFO Michael Angelakis will become the CEO of Comcast in the separation of its media and technology businesses.

NBCUniversal and Sky spun off as ex-CFO Michael Angelakis returns to become CEO

The company said it expects the split to be completed within a year, with Comcast’s shareholders owning shares in both companies.

Comcast is set to divide into two separate, publicly traded entities, spinning off its NBCUniversal and Sky media assets. This strategic move will create distinct companies: one…