STAMFORD, Conn., July 24, 2018 /PRNewswire/ -- Charter
Communications, Inc. (NASDAQ: CHTR) (along with its
subsidiaries, "Charter") today announced that Dr. John C. Malone has retired from the Charter
Board of Directors, but will continue to serve the company as a
director emeritus. As a director emeritus, Dr. Malone will attend
Board meetings and provide active support and advice to the
Company, but will not have a vote on matters presented to the
Board.
"The Board and I appreciate John's service to Charter and will
continue to benefit from his counsel as a director emeritus," said
Thomas M. Rutledge, Charter's
Chairman and Chief Executive Officer.
Dr. Malone said, "I am retiring from the board of Charter to
reduce my travel and focus on fewer board positions. I remain
heavily invested in Charter, both financially and emotionally, and
am excited about its prospects. As the Liberty Broadband
nominee to the Charter board, Jim
Meyer brings a strong track record and wealth of relevant
experience, and I will remain an active advisor in my director
emeritus role."
Dr. Malone served on the Board as a designee of Liberty
Broadband Corporation ("Liberty Broadband") pursuant to a
stockholders agreement with Charter. In conjunction with Dr.
Malone's retirement from the Board, Liberty Broadband nominated
James E. Meyer, the Chief Executive
Officer of Sirius XM, to replace Dr. Malone on the Company's board
and to serve along with Liberty Broadband's other two designees,
Gregory B. Maffei and Balan Nair. On July 24,
2018, the Board elected Mr. Meyer and also appointed Mr.
Meyer to serve on the Nominating and Corporate Governance
Committee.
"Jim Meyer's broad experience,
including at Sirius XM, will benefit the Charter Board of Directors
and I look forward to serving with him," said Rutledge. "With the
addition of Jim and the continued participation of John, I am
confident that the Charter Board of Directors will continue to
provide the leadership and oversight to ensure that Charter's
future remains bright."
About Charter
Charter Communications, Inc. (NASDAQ:CHTR) is a leading broadband
communications company and the second largest cable operator in
the United States. Charter
provides a full range of advanced residential broadband services,
including Spectrum TV® programming, Spectrum Internet®, and
Spectrum Voice®. Under the Spectrum Business® brand, Charter
provides scalable, and cost-effective broadband communications
solutions to small and medium-sized business organizations,
including Internet access, business telephone, and TV services.
Through the Spectrum Enterprise brand, Charter is a national
provider of scalable, fiber-based technology solutions serving many
of America's largest businesses and communications service
providers. Charter's advertising sales and production services are
sold under the Spectrum Reach® brand. Charter's news and sports
networks are operated under the Spectrum Networks brand. More
information about Charter can be found at newsroom.charter.com.
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SOURCE Charter Communications, Inc.