Comcast Corporation (Nasdaq: CMCSK, CMCSA), the nation's leading provider of entertainment, information and communications, today announced that C. Stephen Backstrom has been named Senior Vice President of Taxation. In this role, he is responsible for overseeing Comcast's Tax Department, which is comprised of 60 employees in Philadelphia and Denver. He reports to Michael J. Angelakis, Chief Financial Officer, Comcast Corporation.
"Stephen's extensive experience and strong leadership of our taxation department is a great asset to Comcast," said Angelakis. "His dedication and expertise has earned him the respect of his colleagues throughout Comcast, as well as the entire cable industry."
Previously, Backstrom served as Vice President of Taxation, and is credited with the founding of the company's Tax Department when he joined Comcast in 1981. Prior to Comcast, he was a manager at Deloitte & Touche in their Philadelphia office for 10 years, where he served in the Audit and Tax departments.
Backstrom is a past President and a current Director of the Broadband Tax Institute, where he has received the organization's President's Award. He also serves on the Board of Directors for the Comcast Foundation and Comcast Capital Corporation. Additionally, Backstrom is a member of the Tax Executives Institute (TEI), the Institute for Professionals in Taxation (IPT), Council of State Taxation (COST) and the Media Industry Tax Group.
Backstrom is a graduate of Drexel University, and is a Certified Public Accountant. He resides in Marlton, New Jersey.
About Comcast Corporation
Comcast Corporation (Nasdaq: CMCSA, CMCSK) (http://www.comcast.com) is the nation's leading provider of entertainment, information and communications products and services. With 24.1 million cable customers, 13.2 million high-speed Internet customers, and 4.6 million voice customers, Comcast is principally involved in the development, management and operation of broadband cable systems and in the delivery of programming content.
Comcast's content networks and investments include E! Entertainment Television, Style Network, The Golf Channel, VERSUS, G4, PBS KIDS Sprout, TV One, ten regional Comcast SportsNets and Comcast Interactive Media, which develops and operates Comcast's Internet business. Comcast also has a majority ownership in Comcast-Spectacor, whose major holdings include the Philadelphia Flyers NHL hockey team, the Philadelphia 76ers NBA basketball team and two large multipurpose arenas in Philadelphia.