Cablevision (NYSE: CVC) continued to define the model of a family-run business when CEO James Dolan stepped down as president, relinquishing that title to his brother-in-law Brian Sweeney and naming his wife, Kristin Dolan, as the company's COO. Both were also elected officers of the company.
Brian Sweeney, left, and Kristin Dolan
The appointments also filled an executive void that had lasted about two years after former COO Tom Rutledge left to run Charter Communications (NASDAQ: CHTR).
"Brian and Kristin have each played critical senior roles in our efforts over the past two years to reposition Cablevision as a leader in customer service and product innovation in this industry," James Dolan said in a press release announcing the changes. "Their decades of experience, strong leadership, technical expertise and sharp business acumen have helped to propel Cablevision forward during a time of great change."
Sweeney, a two-decade veteran of the company, will work closely with James Dolan on the company's strategic direction and overall management. Additionally, he will work with Kristin Dolan on the day-to-day workings of company operations. His direct responsibilities include oversight of the company's key strategic initiatives, engineering, technology and business management along with local media properties Newsday Media Group and News 12 networks.
Kristin Dolan, also a two-plus-decade employee, will "lead all aspects of the company's cable operations as chief operating officer," the press release said.
Her direct responsibilities include managing the end-to-end Optimum customer experience and overseeing the company's advertising sales division.
Gregg Seibert, in addition to serving as vice chairman and CFO, will continue to oversee Cablevision's Lightpath commercial services arm.
- see this press release
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