MUMBAI: Time Warner Cable Inc executive vice president and chief financial officer Arthur Minson is leaving the company with immediate effect.
He will remain as an advisor to the company until the Charter transaction closes.
Serving as acting co-CFOs in his place will be William F. Osbourn, Jr., who currently serves as senior vice president - controller and chief accounting officer, and Matthew Siegel, who currently serves as senior vice president and treasurer.
Minson is slated to join WeWork as president and chief operating officer. WeWork is a privately-held company that provides more than 25,000 members across the globe with space, community, and services through physical and virtual offerings. Based in New York City, WeWork currently has 42 physical locations in 15 cities and four countries around the world.
“I’ve said many times that Artie is the finest CFO in America, and I believe it just as much today. His steady hand at the helm of our financial operations, as well as his overall business acumen and judgment, has brought great benefits to our shareholders and employees, and we will miss him,” said Time Warner Cable chairman and CEO Robert D. Marcus.
“I’m grateful that Artie delayed his decision to leave until he was confident that Time Warner Cable’s path forward was established, and in particular for his role in crafting our merger agreement with Charter. We appreciate Artie’s commitment and wish him all the best as he moves on to this next exciting phase of his stellar career,” he added.
Minson said, “Being the CFO of Time Warner Cable has been a dream job. I am so fortunate to have been part of the team that over the last two years dramatically improved Time Warner Cable’s operating performance and created significant value for shareholders. I am leaving our financial function in great hands with Bill and Matt. As I embark on my next role at WeWork, I look forward to continuing to be part of the Time Warner Cable family as a strategic advisor until the closing of our merger with Charter.”
Both Osbourn and Siegel will retain their current titles and responsibilities, in addition to their co-CFO duties.
“We’re fortunate to have an incredibly strong bench on our financial team, and I have great confidence that Bill and Matt will provide steady leadership. They are proven leaders with great track records and many years of experience in the industry and with the company. They have my confidence as well as that of our Board of Directors, Finance Committee and Audit Committee,” Marcus said.
