Time Warner Cable reorganizes management into 3 business units
Time Warner Cable (NYSE: TWC) said Wednesday that it reorganized its management team into three centralized business units--residential services, business services and media services.
The MSO had previously organized its management team to oversee several regional operating units that encompassed its cable systems in New York, Los Angeles, the Carolinas, the Midwest and other markets. Time Warner Cable said it will also centralize its technology, network operations, finance, communications and human resources operations. It didn't announce job cuts related to the reorganization, but it did promote several executives.
COO Rob Marcus will oversee the residential, business and media services units, Time Warner Cable said.
Time Warner Cable veteran Mike LaJoie was named EVP and chief technology and network operations officer. The MSO said LaJoie will oversee a team that includes Frank Boncimino, SVP and chief information officer; Dave Flessas, SVP of network operations center and operations support; Mike Hayashi, EVP, architecture, development and engineering; Henry Hryckiewicz, SVP, business / residential field network engineering operations; Jim Ludington, SVP of technology business operations; James Manchester, SVP of applications operations; Howard Pfeffer, SVP, of broadband engineering and technology; Matt Stanek, SVP of core, metro and regional network operations; and Matt Zelesko, SVP of converged technology group.
Time Warner Cable said that Gerry Campbell, its EVP of business services, will retire in June. The MSO said it is conducting a search for a new EVP and chief operating officer for the burgeoning business services unit, which is focused on selling high-speed Internet service and phone service to local businesses, and providing products such as mobile backhaul to wireless carriers. Business services presidents Ken Fitzpatrick and Craig Collins will report to Marcus in the interim, the company said.
Ad sales will continue to be led by Joan Gillman, EVP and chief operating officer, media services. Time Warner said that its finance, communications and human resources operations will be consolidated under EVP and CFO Irene Esteves, EVP and Chief Communications Officer Ellen East and EVP and Chief Strategy, People and Corporate Development Officer Peter Stern.
Look for Marcus and Time Warner Cable CEO Glenn Britt to detail the impact of the restructuring when the MSO reports its fourth-quarter earnings on Jan. 31.
"Our new structure will ensure consistency across our enterprise, streamline decision making, accelerate product development and deployment, enable us to achieve functional excellence, and enhance the capability and reliability of our network," Marcus said in Wednesday's announcement.
- see the release
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