New York, USA - July 26, 2013, New York, USA - Glenn A. Britt, Time Warner Cable’s chairman and chief executive officer, announced that he will retire at the end of 2013.
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Mr. Britt began serving as Chairman of the company’s Board of Directors in March 2009. He was named President and CEO in 2006 and had served as the company’s CEO since August 2001. Mr. Britt became President of Time Warner Cable in January 1999.
Previously, he served as President and CEO of Time Warner Cable Ventures, the company’s new business arm. There, he oversaw the launch of Road Runner, the country’s first high-speed Internet service, as well as the creation of Time Warner Telecom. He had been EVP of Time Warner Cable since 1990 and was previously SVP and Treasurer of Time Warner Inc. Prior to the merger of Time Inc. and Warner Communications, Mr. Britt was VP and CFO of Time Inc., a position he held starting July 1988.
Mr. Britt joined Time Inc. in 1972 in the Controller’s Department and rose to VP and Treasurer of Manhattan Cable Television, Inc. (1974), Finance Director for Time-Life Books’ Iran Project (1977), VP of Network and Studio Operations for HBO, and Director of Business Development of Time Inc.’s video group (1980).
He became SVP of Finance for American Television and Communications Corp., Time Inc.’s cable television unit, in 1981, SVP of Finance for Time Inc.’s Video Group in 1984, and SVP and CFO of HBO later that year. He was elected VP of Time Inc. in October 1986 and Treasurer the following month. He became VP of Finance for Time Inc. in February 1988.
Mr. Britt serves on the board of the National Cable & Telecommunications Association (NCTA) and is a member of its Executive Committee. He is a board member of CableLabs, Xerox Corporation, The Paley Center, Cardinal Health and FIRST Robotics.
In December 2009, Mr. Britt was one of five corporate executives appointed by President Obama to a task force charged with strengthening America’s economic competitiveness through leadership in science, technology, engineering and math (STEM) education. In conjunction with the White House initiative, Mr. Britt championed Time Warner Cable’s launch of Connect a Million Minds (connectamillionminds.com), the company’s five-year philanthropic initiative to inspire students to pursue STEM-related education and career opportunities.
Mr. Britt has received many honors, including induction in the Cable Hall of Fame (2007), Cable Pioneers (2001) and Broadcasting & Cable’s Hall of Fame (2008); Cable Positive’s Joel G. Berger Award; the NCTA’s Vanguard Award for Distinguished Leadership; The Media Institute’s American Horizon Award; the NAMIC Stanley B. Thomas Jr. Lifetime Achievement Award; and the Kaitz Foundation Diversity Champion Award. In 2010, he was named Humanitarian of the Year by the UJA-Federation of New York.
He received a B.A. in economics from Dartmouth College, where he graduated magna cum laude. A member of Phi Beta Kappa, Mr. Britt received an M.B.A. from the Amos Tuck School of Business Administration at Dartmouth, where he sponsors the Britt Technology Impact Series.
The Time Warner Cable Board of Directors elected Robert D. Marcus, currently the Company’s President and Chief Operating Officer, to succeed Britt as Chairman and CEO effective January 1, 2014. Mr. Britt will remain on the Board in a non-executive role at that time.
Mr. Marcus oversees Residential Services, Business Services, Media Services, the company’s advertising arm; and Technology and Network Operations. Mr. Marcus also was named a member of the company’s Board of Directors, effective July 25, 2013.
Mr. Marcus was named President and Chief Operating Officer in December 2010. He had served most recently as Senior Executive Vice President and Chief Financial Officer. His many accomplishments at Time Warner Cable include orchestrating the company’s spinoff from Time Warner Inc. in 2009, its move to a publicly traded company in 2007, and several key acquisitions and mergers that expanded its footprint and services.
Mr. Marcus joined Time Warner Cable in August 2005 as Senior Executive Vice President, overseeing corporate groups including mergers and acquisitions, business affairs, programming and human resources. In January 2008, he assumed accountability for finance functions, adding Chief Financial Officer to his title.
From 1998 until he joined Time Warner Cable, Mr. Marcus held various positions at Time Warner Inc., including Senior Vice President of Mergers and Acquisitions. From 1990 to 1997, he practiced law at Paul, Weiss, Rifkind, Wharton & Garrison, where Time Warner Inc. was his client. ■