Charter to Name Eloise Schmitz Interim Chief Financial Officer
March 11 2008 - 6:30AM
Business Wire
Charter Communications, Inc. (NASDAQ: CHTR) today announced that
Jeffrey T. (JT) Fisher, Executive Vice President and Chief
Financial Officer of the Company, has indicated he intends to
resign effective April 4, 2008. The Company also announced it will
name Eloise Schmitz as Interim Chief Financial Officer. Charter
President and Chief Executive Officer, Neil Smit, said �JT has made
numerous contributions to Charter and we appreciate his service.
He�s developed an outstanding team and I am confident they will
ensure a smooth transition period.� JT Fisher commented, �Charter
has made great progress over the past two years. I am pleased to
have played a role in that effort and am confident I�m leaving the
Company well positioned for continued growth.� Effective April 4,
2008, Eloise Schmitz will serve as Interim Chief Financial Officer
in addition to her regular duties as Senior Vice President,
Strategic Planning. Ms. Schmitz has served Charter in roles of
increasing responsibility in finance and strategic planning since
1998. Prior to joining Charter, Ms. Schmitz was Vice President,
Group Manager, for Mercantile Bank, now US Bank, in St. Louis.
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� video entertainment programming, Charter
High-Speed� Internet access service, and Charter Telephone�
services. Charter Business� 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� 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. We are under no duty or obligation to update any of the
forward-looking statements after the date of this release.
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