 |
| Phil Kent |
Phil Kent, chairman and chief executive officer of
Atlanta-based Turner Broadcasting System Inc., told colleagues Wednesday he
will not renew his contract with the company when it ends next year.
In a letter obtained by The Atlanta Journal-Constitution, Kent said his
decision followed many conversations with Time Warner CEO Jeff Bewkes over
long-term leadership planning for Turner, a company started by cable TV pioneer
Ted Turner but is now a division of Time Warner.
Chief Financial Officer John Martin will assume the title of
CEO at Turner in January. Kent
will remain chairman during a transition period next year
 |
| John Martin |
“Nothing changes for me or any of you until then,” Kent
told colleagues. “ I’ll come in tomorrow and be on the job with the same
enthusiasm as today, just as I know you will.“
In an effort to reverse poor ratings at CNN last fall, Kent hired former NBCUniversal President Jeff
Zucker in November to replace Jim Walton as head of the struggling Atlanta based cable news
network.
Before being named CFO in 2008, Martin had been executive
vice president and CFO of Time Warner Cable Inc. since August 2005. Before
joining Time Warner Cable, he spent nearly 12 years at Time Warner, most
recently serving as senior vice president for investor relations from 2002 to
2005.
No comments:
Post a Comment