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Time Warner Cable names Glenn Britt as chairman

Thu, 02/19/2009 - 7:30am
The Associated Press

NEW YORK (AP) – Time Warner Cable Inc. said Wednesday that director and CEO Glenn Britt will succeed Don Logan as chairman when the nation's second-largest cable company completes its spin-off from parent Time Warner Inc. at the end of the quarter.

Logan will remain a director, and Donna A. James, Edward D. Shirley and former Senator John E. Sununu also will join the company's board, bringing membership to 12.

Peter Haje, who has served on the board since 2006, has been named lead director. As previously announced, Time Warner Inc. Chairman and CEO Jeff Bewkes will be leaving the board.

These appointments will be effective upon the company's separation from media conglomerate Time Warner, which owns 85 percent of Time Warner Cable shares. Last week, the FCC approved the spin-off plan (story here).

James has served as a consultant and managing director of Lardon & Associates, a business advisory services firm in Columbus, Ohio, since April 2006. James, who is expected to serve on the audit and finance committees, also serves as a director of Limited Brands Inc., Coca-Cola Enterprises Inc. and Conseco Inc.

Shirley has served as vice chairman of global beauty and grooming, a business unit of Procter & Gamble Co., since July 2008, and as group president of North America from April 2006. Shirley is expected to serve on Time Warner Cable’s audit committee and the nominating and governance committee.

Sununu served as a U.S. Senator from New Hampshire from January 2002 to 2008, and in the House of Representatives from 1996 to 2002. He is expected to serve on the finance committee and the nominating and governance committee.

Time Warner Cable shares fell 10 cents to close earlier at $17.52.

More Broadband Direct 02/19/09:
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•  Charter chair may benefit from stimulus package
•  Time Warner Cable names Glenn Britt as chairman
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•  Sprint's stock rallies despite $1.62B loss
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