Comcast CEO Brian Roberts Extends Contract Through June 2015
The cable giant and its boss have announced one-year extensions ever since a 2005 employment pact was signed.
Comcast Corp. said Tuesday that it has agreed with chairman and CEO Brian Roberts to extend his employment contract by another year.
While other industry top executives typically get multi-year contracts, Roberts and the company have announced one-year extensions ever since his 2005 employment pact was signed.
Roberts controls a big voting stake in Comcast, and his father, Ralph, founded the company, meaning the short-term extensions aren't seen as any sign that he may leave his posts anytime soon.
A Comcast spokesman confirmed that the extension was nothing unusual. Roberts turned 55 on Saturday.
He will continue to run the largest U.S. cable operator at least through June 30, 2015, the new expiration date of his employment agreement, which was disclosed in a regulatory filing. No other details of the contract were changed.
"On June 30, 2014, the employment agreement of Mr. Brian L. Roberts, the Chairman and Chief Executive Officer of Comcast Corporation, was amended solely to extend its term to June 30, 2015," the regulatory filing said.
Roberts earned $31.4 million in 2013, up 7.7 percent from 2012.
Comcast last year extended the contract of NBCUniversal CEO Steve Burke through Aug. 2018.