Charter names Rutledge president, CEO
A week after it was announced that he was leaving Cablevision, Charter Communications announced that Tom Rutledge was its new president and CEO.
Rutledge, 58, will take over Charter’s helm from current CEO Michael Lovett, who announced in October that he was stepping down from those positions. Lovett had agreed to stay on until April 30, or until his successor was named. He will now help Rutledge in the transition until Feb. 12.
Rutledge joins Charter immediately, but he will take over as CEO and president on Feb. 13. Rutledge, a key member of Cablevision’s executive team and its chief operating officer, will also become a member of Charter’s board of directors on the same day.
“After conducting a comprehensive search process, the board is delighted to welcome Tom to the Charter team,” Eric Zinterhofer, chairman of the board of Charter, said. “Tom is a highly accomplished executive with a long track record of success. He has the rare combination of operational expertise and strategic vision to lead Charter through its promising next phase of growth. We look forward to working with him. On behalf of the board of directors, I would also like to thank Mike [Lovett] for his many contributions to Charter over the past eight years and for helping to establish a sound strategic and financial footing for the company during that time. We wish him the best for the future.”
“Charter is an outstanding company with great people, products, assets and growth opportunities,” Rutledge said. “I am honored to have been chosen for this role and look forward to working with the Charter team to provide superior products and services to our customers, create an exciting work environment for our employees and build continued value for our shareholders. I have great respect for what Mike has achieved with the company and appreciate his commitment to ensuring a smooth transition.”
Rutledge served as chief operating officer at Cablevision from April 2004 until December. A 34-year cable industry veteran, he previously served as president of Time Warner Cable. He began his career in 1977 at American Television and Communications (ATC), a predecessor company of Time Warner Cable.
Rutledge currently serves on the board of the National Cable and Telecommunications Association (NCTA) and served as chairman of the NCTA from 2008 to 2010.
The Wall Street Journal recently reported that Rutledge left Cablevision after a falling out with president and CEO James Dolan.