ST. LOUIS, Dec. 19, 2011 /PRNewswire/ -- Charter Communications, Inc. (NASDAQ: CHTR) ("Charter" or the "Company") today announced that its Board of Directors has concluded its previously announced CEO search process and appointed Thomas M. Rutledge as President and Chief Executive Officer. Mr. Rutledge joins Charter immediately and will become the President and Chief Executive Officer effective February 13, 2012. Mr. Rutledge will also become a member of the Charter Board of Directors at that time.
Mr. Rutledge, 58, joins Charter from Cablevision Systems Corporation, where he served as Chief Operating Officer from April 2004 until December 2011. A 34-year cable industry veteran, Mr. Rutledge 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. Mr. Rutledge currently serves on the board of the National Cable and Telecommunications Association (NCTA), and served as Chairman of the NCTA from 2008-2010.Mr. Rutledge will succeed Michael J. Lovett, who announced in October his plan to step down as President and Chief Executive Officer of Charter on the earlier of April 30, 2012 or when a successor was appointed. Mr. Lovett will remain in his current capacity until February 12, 2012 to assist Mr. Rutledge in the transition to the new role. Eric L. Zinterhofer, Chairman of the Board of Charter, said, "After conducting a comprehensive search process, the Board is delighted to welcome Tom to the Charter team. 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 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."
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