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Comcast its elevating Steve Croney to CEO of its core Connectivity & Platforms division, succeeding Dave Watson, effective January 1. He’ll be responsible for residential and commercial connectivity businesses including broadband, wireless and entertainment distribution platforms. They’ve been challenged in a competitive landscape as video and broadband customers defect Comcast is now trying hard to right the ship, with some promising signs in the third quarter numbers reported this morning. Watson will become Vice Chairman of Comcast, where he will advise the company and lead strategic initiatives. Comcast co-CEOs Brian Roberts and President Mike Cavanagh (who becomes co-CEO on Jan. 1) called Croney “exactly the right leader for the future. He is a trusted and accomplished executive who has been instrumental in advancing our operational transformation. Steve has a clear vision, and is already leading with focus and urgency, while ensuring we are well-positioned for the opportunities ahead.” Watson, they said, is “an extraordinary partner and is one of the pioneers who helped build our company and our culture over three decades. He’s built an exceptional team and we’re grateful for all he’s done and continues to do for our company.” Croney currently serves as Chief Operating Officer of Connectivity & Platforms, where he leads Comcast’s residential and commercial businesses. In this role, he has implemented a new go-to-market strategy, including national packaging and pricing, a new creative platform, and reorganized the business. Previously, he served as the division’s CFO and has held leadership roles in finance, operations, and general management across the company, driving major initiatives such as market expansion and network evolution, the launch of new products, and the use of AI and data to enhance customer experience and operational performance.
