Time Warner Cable Chairman, CEO Glenn Britt To Retire - Quick Facts

(RTTNews) - Cable provider Time Warner Cable Inc. (TWC) said Thursday its Chairman and Chief Executive Glenn Britt will retire at the end of 2013 and will be replaced by Robert Marcus, the company's president and chief operating officer.

Britt will remain on the company's Board in a non-executive role at that time. Marcus has also been elected to the Board, effective immediately.

"Glenn has been an outstanding leader, transforming Time Warner Cable into an entertainment, communications and information powerhouse...," said Nicholas, Jr., lead director of the Board.

Britt became CEO of Time Warner Cable in 2001 and during his tenure, the company has been a leader in technological innovation with the introduction of high-speed Internet, Video on Demand and Voice over IP. Britt also oversaw its emergence as a publicly traded company.

Marcus joined Time Warner Inc. (TWX) in 1998 and moved to Time Warner Cable in 2005. He was named chief financial officer in 2008 and was named president and COO in 2010. He worked along with with Britt during the company's 2009 spin-off from Time Warner Inc. and is credited with successful acquisitions of Adelphia, NaviSite and Insight to expand Time Warner Cable's footprint and services. Time Warner Cable, based in New York, is among the largest providers of video, high-speed data and voice services in the U.S.