What Happened?
New York, NY-based Time Warner Cable has Promoted Robert D. Marcus as Chief Executive Officer
About the Company
Time Warner Cable Inc. (TWC), formerly Warner Cable Communications and sometimes colloquially referred to as simply Time Warner, is an American cable telecommunications company that operates in 29 states and has 31 operating divisions. It is the second largest cable company in the U.S. behind only Comcast. Its corporate headquarters are located in the Time Warner Center in Midtown Manhattan, New York City, with other corporate offices in Stamford, Connecticut; Charlotte, North Carolina; and Herndon, Virginia. Time Warner Cable serves customers in the following 29 states: Alabama, Arizona, California, Colorado, Hawaii, Idaho, Illinois, Indiana, Kansas, Kentucky, Maine, Massachusetts, Michigan, Missouri, Nebraska, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, Washington, West Virginia and Wisconsin.
About the Person
Robert D. Marcus is President and Chief Operating Officer of Time Warner Cable. He oversees Residential Services, serving more than 14.7 million customers in 29 states; Business Services, serving more than 579,000 small, medium and enterprise sized businesses; Media Services, the company’s advertising arm; and Technology and Network Operations. On July 25, 2013, the company announced Mr. Marcus will become Time Warner Cable’s Chairman and Chief Executive Officer on January 1, 2014, succeeding Glenn A. Britt, who will retire at the end of 2013. 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. Under his financial leadership, the company established a disciplined capital allocation strategy that has been emulated by many other leading S&P 500 companies. 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. Mr. Marcus received a J.D. from Columbia Law School in 1990, where he was a Harlan Fiske Stone Scholar and editor of the Columbia Law Review. He earned a B.A., magna cum laude, from Brown University in 1987. Mr. Marcus was elected to the Museum of the Moving Image Board of Trustees in August 2012. He also serves on the board of New Alternatives for Children (NAC), a New York City-based non-profit organization that provides support of birth, foster and adoptive families caring for children with special medical needs at home.
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