Virgin Media CFO Resigns

Virgin Media's(VMED Quote) chief financial officer, Jerry Elliott, resigned Tuesday, citing "family health reasons."

Virgin Media's treasurer, Rick Martin, will handle the capital markets portion of the CFO job, while the company's controller, Rober Gale, will oversee financial reporting. Both will take up those posts an interim basis as Virgin Media searches for a full-time CFO, the company said in a press release.

The resignation, effective May 31, comes amid the company's auction of its VMtv cable channels to a group of bidders including Time Warner(TWX Quote) and the U.K.'s BSkyB(BSY Quote), the Times of London reported last week. ...