Charter Communications Names Ted Schremp Executive Vice President and Chief Marketing...
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Charter Communications Names Ted Schremp Executive Vice President and Chief Marketing Officer
Robert Quigley to retire, will remain with company through end of
year
New CMO to build upon foundation of data-driven marketing
targeting growth of The Charter Bundle(TM)
ST. LOUIS--(Business Wire)--
Charter Communications, Inc. (NASDAQ: CHTR) announced today that
it has named Ted Schremp as the Company's Chief Marketing Officer,
effective July 1, replacing Robert Quigley, who is retiring. Mr.
Quigley will remain with Charter through the end of the year in an
advisory role.
"I look forward to stepping into this important position at
Charter," said Mr. Schremp, who most recently served as the Company's
Senior Vice President of Product Management and Strategy. "Bob has
developed a solid strategy targeting continued growth, and I look
forward to assuming leadership for this key area of the business."
Mr. Schremp joined Charter in May 2005 and served as Senior Vice
President and General Manager of Charter Telephone(R), where he
directed the successful nationwide rollout of the Company's
residential and commercial telephone service.
Mr. Quigley joined Charter in December 2005 to direct the
Company's marketing efforts. During the past two years, Mr. Quigley
implemented disciplined, data-driven marketing programs and oversaw
the development of a marketing database, which together enable Charter
to measure the effectiveness of the Company's marketing activities.
"I couldn't resist the opportunity to come out of retirement at a
time when a new management team was turning around a company of this
magnitude. I'm very proud of what the marketing team has
accomplished," said Mr. Quigley. "We've built a solid foundation for
marketing excellence, and I'm confident Ted will take it to the next
level." Mr. Quigley will remain with Charter through December 2008 on
a part time basis to assist in the transition and consult on various
marketing-related matters.
Prior to joining Charter, Mr. Schremp was employed by Hewlett
Packard, where he co-founded its Cable, Media and Entertainment
organization. Mr. Schremp graduated from the University of Pittsburgh
with a double-major in economics and business, and earned an MBA from
Penn State University.
About Charter Communications
Charter Communications, Inc. is a leading broadband communications
company and the third-largest publicly traded cable operator in the
United States. Charter provides a full range of advanced broadband
services, including advanced Charter Digital Cable(R) video
entertainment programming, Charter High-Speed(R) Internet access, and
Charter Telephone(R). Charter Business(TM) similarly provides
scalable, tailored, and cost-effective broadband communications
solutions to business organizations, such as business-to-business
Internet access, data networking, video and music entertainment
services, and business telephone. Charter's advertising sales and
production services are sold under the Charter Media(R) brand. More
information about Charter can be found at www.charter.com.
Cautionary Statement Regarding Forward-Looking Statements:
This release includes forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended,
regarding, among other things, our plans, strategies and prospects,
both business and financial. Although we believe that our plans,
intentions and expectations reflected in or suggested by these
forward-looking statements are reasonable, we cannot assure you that
we will achieve or realize these plans, intentions or expectations.
Forward-looking statements are inherently subject to risks,
uncertainties and assumptions including, without limitation, the
factors described under "Risk Factors" from time to time in our
filings with the Securities and Exchange Commission ("SEC"). Many of
the forward-looking statements contained in this release may be
identified by the use of forward-looking words such as "believe,"
"expect," "anticipate," "should," "planned," "will," "may," "intend,"
"estimated," "aim," "on track," "target," "opportunity" and
"potential," among others. Important factors that could cause actual
results to differ materially from the forward-looking statements we
make in this release are set forth in other reports or documents that
we file from time to time with the SEC, and include, but are not
limited to:
-- the availability, in general, of funds to meet interest
payment obligations under our debt and to fund our operations
and necessary capital expenditures, either through cash flows
from operating activities, further borrowings or other sources
and, in particular, our ability to fund debt obligations (by
dividend, investment or otherwise) to the applicable obligor
of such debt;
-- our ability to comply with all covenants in our indentures and
credit facilities, any violation of which, if not cured in a
timely manner, could trigger a default of our other
obligations under cross-default provisions;
-- our ability to pay or refinance debt prior to or when it
becomes due and/or refinance that debt through new issuances,
exchange offers or otherwise, including restructuring our
balance sheet and leverage position;
-- the impact of competition from other distributors, including
incumbent telephone companies, direct broadcast satellite
operators, wireless broadband providers, and digital
subscriber line ("DSL") providers;
-- difficulties in growing, further introducing, and operating
our telephone services, while adequately meeting customer
expectations for the reliability of voice services;
-- our ability to adequately meet demand for installations and
customer service;
-- our ability to sustain and grow revenues and cash flows from
operating activities by offering video, high-speed Internet,
telephone and other services, and to maintain and grow our
customer base, particularly in the face of increasingly
aggressive competition;
-- our ability to obtain programming at reasonable prices or to
adequately raise prices to offset the effects of higher
programming costs;
-- general business conditions, economic uncertainty or slowdown,
including the recent significant slowdown in the new housing
sector and overall economy; and
-- the effects of governmental regulation on our business.
All forward-looking statements attributable to us or any person
acting on our behalf are expressly qualified in their entirety by this
cautionary statement.
Charter Communications, Inc.
Media:
Anita Lamont, 314-543-2215
or
Analysts:
Marty Richmond, 314-543-5621
Copyright Business Wire 2008
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