Time Warner Inc. Announces Changes to Turner Broadcasting Leadership
Phil Kent to serve as Chairman in 2014; John Martin named next Chief Executive Officer
NEW YORK–(BUSINESS WIRE)–Time Warner Inc. Chairman and CEO Jeff Bewkes today announced that John K. Martin will be the next Chief Executive Officer of Turner Broadcasting System, Inc. Mr. Martin will become CEO beginning January 1, 2014, succeeding Phil Kent, who will serve as Chairman for a transition period in 2014.
“John has a thorough understanding of and respect for Turner’s position and significance in the Time Warner portfolio. He is highly regarded at Turner and will be a strong leader for our company.”
In making the announcement Time Warner Chairman and CEO Jeff Bewkes said: “Phil Kent’s exceptional leadership at Turner has driven much of Time Warner’s recent success. For the past decade, he has expertly guided the Turner networks through a period of rapid change, all the while building on each network’s leading position with viewers and advertisers and forging stronger relationships with distributors. At Phil’s initiation, he and I agreed that now is the right time to announce the next generation of leadership, and I am pleased that he will serve as Chairman.”
Commenting on John Martin, Mr. Bewkes said: “John is one of the most capable and strategically-minded executives I know. As CFO, he led the design and implementation of our financial strategy that has helped Time Warner deliver superior shareholder returns. But he is also a broad and thoughtful business thinker whose inclusive management style and focus on driving the business forward will fit well with the Turner tradition. I have great confidence he will build on the success Phil has achieved to take Turner to even greater heights.”
Since the beginning of 2003, Mr. Kent has led Turner’s delivery of outstanding business results, has guided its continuing evolution as a multi-platform media and technology leader and has formed a first-class team to oversee some of the most valued and respected brands in the world. He will continue in his current capacity as Chairman and CEO until the CEO transition in 2014, at which time he will serve as Turner’s Chairman.
Mr. Kent said: “John has a thorough understanding of and respect for Turner’s position and significance in the Time Warner portfolio. He is highly regarded at Turner and will be a strong leader for our company.”
As Chief Financial and Administrative Officer at Time Warner Inc., Mr. Martin currently oversees all of Time Warner’s finance, accounting, mergers and acquisitions, internal audit, investor relations, treasury and tax areas as well as corporate human resources, employee development and growth, compensation and benefits, worldwide recruitment, and security and transportation. Mr. Martin is also responsible for leading efforts to launch enterprise-wide services in the areas of information technology, real estate and facilities and HR systems. In addition, he works closely with other members of Time Warner’s senior management team and its operating divisions on a variety of organizational, development and diversity issues. Before assuming his current role in 2008, Mr. Martin had been Executive Vice President and Chief Financial Officer of Time Warner Cable Inc. since August 2005. Prior to joining Time Warner Cable, Mr. Martin spent nearly 12 years at Time Warner, most recently serving as Senior Vice President, Investor Relations, from 2002 to 2005.
Mr. Martin said: “I’m the beneficiary of Phil’s exemplary leadership, and it will be a privilege to work with Phil and all the dedicated and talented people at Turner. The company is home to some of the best brands in media, and is known for its innovative culture and focus on delivering programming that audiences love and count on. I look forward to working more closely with everyone at Turner to create more opportunities for consumers, advertisers and our distribution partners.”
Time Warner plans to name John Martin’s successor in the coming weeks.
5 comments:
Interesting. Jeff Bewkes is shaking up the management at Turner. Bewkes is not happy about something. By picking John Martin, he went with the younger guy over some Turner vets. Is he thinking it is time for new blood at Turner, perhaps CNN & HLN management too. Jeff Zucker is safe but he has a younger boss. Part of Martin's job come 2014 will be picking the network bosses for the Turner networks.
Finally! Kent is gone! Good riddance!
Anderson is really beginning to annoy me. He IS the white privileged poster child who could never sit on a jury such as the one serving the Martin case.
He has never been descriminated against and to the poster on ATA who said "he could just have sat around on a pile of money and done nothing for the rest of his life.
At least he had done something of substance."
This is only partially correct.
The Vanderbilt inhertance fund was kind of empty. Anderson needed to work and his ambition paid off.
At any rate, Anderson is playing this case for all its worth and now he's interviewing the parents.
Will it ever end?
One of 360's topics was President Obama's reaction to the Zimmerman case and being "reticent on race."
As the leader of the free world you would think he'd take more of a stand on this issue, instead of saying "If he had a son he would look like Trayvon Martin."
Sorry. This was totally insufficient. We wanted to hear something more substantial, something of substance. It is hard to imagine that this was the same man that electrified the country in 2004 by saying "we are not a country of red states or blue states, but a United States."
After the verdict "we" needed to hear HIS RHETORIC and all we got was this??
Good thing this is President Obama's final term.
I wish President Obama could have ANOTHER 8 years without Republican obstruction bringing down his agenda. Dealing with race is one of those damned if you do, damned if you don't situations for the President. If he said what he probably like to say about race in America, he'd be raked over the coals and the same media that thinks he's not doing enough would vilify him for making the attempt.
I don't think Anderson necessarily had to work, no one was broke in that family, the money they still had would've lasted a lifetime. The only thing a person like AC can do is learn about situations that he's never had personal experience with, I don't think he's a rotten person because he happened to be born the way he was.
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