Charter Communications Names Eloise E. Schmitz Executive Vice President and Chief Financial Officer
June 19 2008 - 11:00AM
Business Wire
Charter Communications, Inc. (NASDAQ: CHTR) announced today that it
has named Eloise E. Schmitz Executive Vice President and Chief
Financial Officer of the Company effective July 1, 2008. Ms.
Schmitz served as Senior Vice President and Interim Chief Financial
Officer since April 4, 2008. �Eloise has the respect and confidence
of Charter�s board, management and investors,� said Neil Smit,
President and Chief Executive Officer of the Company. �In a ten
year career with Charter, Eloise�s contributions have been
innumerable. It is a great pleasure to name her Chief Financial
Officer.� �I am pleased to accept this role, and I appreciate the
efforts of the finance team in ensuring a smooth transition. I look
forward to continuing our work to increase value for our
shareholders, just as we work to increase the value of our services
for our customers,� said Ms. Schmitz. Prior to assuming the Interim
Chief Financial Officer role, Ms. Schmitz served as Senior Vice
President, Strategic Planning. In her new role, Ms. Schmitz will
continue to direct Charter�s mergers and acquisitions, strategic
planning and capital structure activities, and will add
responsibility for the Company�s financial functions, including
accounting, financial planning and analysis, tax, and treasury. Ms.
Schmitz joined Charter in 1998 and has served in roles of
increasing responsibility in finance and strategic planning since
that time. Prior to joining Charter, Ms. Schmitz was Vice
President, Group Manager, for Mercantile Bank, now US Bank, in St.
Louis. Ms. Schmitz holds a bachelor�s degree in finance from Tulane
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� video entertainment
programming, Charter High-Speed� Internet access, and Charter
Telephone�. 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.
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