ST. LOUIS, Oct. 29 /PRNewswire-FirstCall/ -- Charter
Communications, Inc. (Nasdaq: CHTR) today announced the appointment
of Christopher L. Winfrey to
Executive Vice President and Chief Financial Officer.
Beginning November 1, 2010, Mr.
Winfrey will be responsible for all of Charter's financial
functions, including accounting, financial planning and analysis,
tax, and treasury, as well as mergers and acquisitions, capital
structure activities and investor relations.
Mr. Winfrey most recently served as Chief Financial Officer and
Managing Director for Unitymedia, Germany's second-largest provider of media and
communications services via broadband cable. Mr. Winfrey has also
held leadership and finance positions with Cablecom and NTL Europe,
assuming a key role in the operational turnaround, triple-play
services rollout and capital markets development at these companies
over the last decade.
"Chris' experience across different broadband market structures
and competitive environments in Europe is a strong complement to Charter's
leadership team," said Michael
Lovett, Charter's President and CEO. "He possesses a great
depth of industry knowledge and financial expertise that will be
invaluable as we position the Company for future growth. I would
also like to extend my gratitude to Kevin
Howard, whose commitment to Charter and willingness to act
as interim Chief Financial Officer – in addition to his role as
Chief Accounting Officer – gave us the flexibility and time to find
the right candidate."
Mr. Winfrey said, "I feel fortunate to be joining the Charter
organization, which places a high priority on operational execution
and financial discipline. I look forward to continuing to build on
the Company's recent successes."
Mr. Winfrey received a Bachelor of Science in Accounting and a
Master of Business Administration, both from the University of Florida.
About Charter
Charter is a leading broadband communications company and the
fourth-largest cable operator in the
United States. Charter provides a full range of advanced
broadband services, including advanced Charter TV™ video
entertainment programming, Charter Internet™ access, and Charter
Phone™. Charter Business® similarly provides scalable, tailored,
and cost-effective broadband communications solutions to business
organizations, such as business-to-business Internet access, data
networking, business telephone, video and music entertainment
services, and wireless backhaul. Charter's advertising sales and
production services are sold under the Charter Media® brand. More
information about Charter can be found at 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
(the "Securities Act"), and Section 21E of the Securities Exchange
Act of 1934, as amended (the "Exchange Act"), 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,"
"preliminary," "tentative", "positioning," 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:
- our ability to sustain and grow revenues and cash flows from
operating activities by offering video, high-speed Internet,
telephone and other services to residential and commercial
customers, and to maintain and grow our customer base, particularly
in the face of increasingly aggressive competition, the need for
innovation and related capital expenditures and the difficult
economic conditions in the United
States;
- the impact of competition from other distributors, including
but not limited to incumbent telephone companies, direct broadcast
satellite operators, wireless broadband providers, and digital
subscriber line ("DSL") providers and competition from video
provided over the Internet;
- general business conditions, economic uncertainty or downturn,
high unemployment levels and the significant downturn in the
housing sector and overall economy;
- our ability to obtain programming at reasonable prices or to
raise prices to offset, in whole or in part, the effects of higher
programming costs (including retransmission consents);
- our ability to adequately deliver customer service;
- the effects of governmental regulation on our business;
- the availability and access, in general, of funds to meet our
debt obligations, prior to or when they become due, and to fund our
operations and necessary capital expenditures, either through (i)
cash on hand, (ii) cash flows from operating activities, (iii)
access to the capital or credit markets including through new
issuances, exchange offers or otherwise, especially given recent
volatility and disruption in the capital and credit markets, or
(iv) other sources and our ability to fund debt obligations (by
dividend, investment or otherwise) to the applicable obligor of
such debt; and
- 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.
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.
SOURCE Charter Communications, Inc.
Copyright . 29 PR Newswire