New York, USA – Time Warner Inc. announced that John K. Martin will be the next chief executive officer of Turner Broadcasting System, Inc, effective January 1, 2013.[break]
Mr. Martin is Chief Financial and Administrative Officer of Time Warner Inc. Before assuming his current role in January 2008, Mr. Martin had been Executive Vice President and Chief Financial Officer of Time Warner Cable Inc. since August 2005. Prior to joining Time Warner Cable, Mr. Martin spent nearly 12 years at Time Warner, most recently serving as Senior Vice President, Investor Relations, from 2002 to 2005.
Mr. Martin was Director in the Equity Research group of ABN AMRO Securities LLC from 2000 to 2002, immediately before re - July 19, 2013, New York, USA – Time Warner Inc. announced that John K. Martin will be the next chief executive officer of Turner Broadcasting System, Inc, effective January 1, 2013.
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Mr. Martin is Chief Financial and Administrative Officer of Time Warner Inc. Before assuming his current role in January 2008, Mr. Martin had been Executive Vice President and Chief Financial Officer of Time Warner Cable Inc. since August 2005. Prior to joining Time Warner Cable, Mr. Martin spent nearly 12 years at Time Warner, most recently serving as Senior Vice President, Investor Relations, from 2002 to 2005.
Mr. Martin was Director in the Equity Research group of ABN AMRO Securities LLC from 2000 to 2002, immediately before re-joining Time Warner Inc. as head of its Investor Relations group. He held the position of Vice President of Investor Relations at Time Warner Inc. from 1999 to 2000.
Earlier, Mr. Martin served as Director in the Office of the President at Time Warner. Mr. Martin also served as Director of Finance Special Projects, where he was involved in diverse projects including strategic planning, company restructuring and refinancings, budgeting and mergers and acquisitions. He joined Time Warner Inc. in 1993, as a Manager of SEC financial reporting.
Before joining Time Warner Inc., Mr. Martin was a Certified Public Accountant, working as a senior accountant in the Business Assurance group at Ernst and Young LLP in New York. Mr. Martin is a director on the Board of Trustees for Columbia University's business school. He also serves on the Board of the United Negro College Fund and the Board of Trustees for the Paley Center of Media. He is also a member of The Conference Board's Council of Financial Executives and Financial Executives International (FEI).
Mr. Martin received an M.B.A. degree in Finance and Organizational Behavior from the Columbia University Business School in 1994 and a B.S. in Economics from the Wharton School of Business at the University of Pennsylvania in 1989.
Mr. Martin is succeeding Phil I. Kent who will serve as Chairman for a transition period in 2014.
Mr. Kent will continue in his current capacity as Chairman and CEO until the CEO transition in 2014, at which time he will serve as Turner's Chairman. Mr. Kent is responsible for the portfolio of domestic and international networks and businesses.
This includes news, entertainment and animation, young adult & kids media divisions, including CNN/U.S., HLN, CNN International, CNN.com, TBS, TNT, Turner Classic Movies, truTV, Peachtree TV, Cartoon Network, Boomerang and Adult Swim. He also has corporate oversight of all advertising and distribution, all corporate administrative functions, Turner Sports and Turner Studios.
Mr. Kent was named to his current role in February 2003. From August 2000 to August 2001, he served as president and chief operating officer of CNN News Group, where he oversaw a strategic reorganization of the news division, a radical redesign of then-Headline News and a number of high-profile hires.
Mr. Kent's career at TBS, Inc. also includes broad international experience as president of Turner Broadcasting System International, the division charged with overseeing Turner's wide-ranging business activity outside the United States. He led a regionalization strategy that introduced local-language versions of CNN and the Turner entertainment networks around the globe, further strengthening the company's position in critical international markets.
Earlier, Mr. Kent was president of Turner Home Entertainment, the former TBS, Inc. division comprised of the company's home video, new media, licensing & merchandising, feature distribution and book publishing operations. Mr. Kent joined Turner in March 1993, following six years with Creative Artists Agency (CAA) as a packaging agent in that company's television department. In 1981, he helped launch Blair Entertainment, the television syndication division of John Blair & Co., where he began his career. ■