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More executive changes at Time Warner (TWX, TWC)

John K. Martin, Jr., who has served as Time Warner Cable's CFO since August 2005, will leave Time Warner Cable Inc. (NYSE:TWC) to become the CFO of Time Warner Inc. at the beginning of the new year.

Robert D. Marcus will become TWC's new Chief Financial Officer effective January 1, 2008. Marcus will retain the title of Senior Executive Vice President and continue to direct Time Warner Cable's mergers and acquisitions, programming, human resources and business affairs departments and will add responsibility for all of the Company's financial functions, including accounting, financial planning and analysis, tax, treasury and investor relations.

Marcus joined Time Warner Cable as Senior Executive Vice President in August 2005. Prior to this he served as Senior Vice President, Mergers and Acquisitions for Time Warner Inc., (NYSE:TWX) and he served in various executive capacities with the parent company since 1998. Marcus was dubbed by the company as the architect and lead negotiator of numerous transactions for Time Warner Inc. and its subsidiaries, including Time Warner Cable's acquisition of Adelphia Communications Corp. and related transactions with Comcast Corporation (NASDAQ: CMCSA), which took place last year.

It sounds like Jeff Bewkes has already been lining up his key personnel to lead the transition period ahead. As a reminder, both companies report earnings Wednesday morning before the market opens.

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Last updated: December 02, 2008: 02:30 PM

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