High visibility Charter Communications (Nasdaq: CHTR) executive Ted Schremp has abruptly left his position as executive vice president-operations and marketing for "personal reasons," the company said in a brief news release. Schremp joined Charter in 2005 as senior president and general manager of Charter Telephone and was named executive vice president and chief marketing officer in 2008.
Last month Schremp outlined Charter's future path during a presentation at the Citi 2011 Global Entertainment, Media and Telecommunications Conference where he noted the MSO is "probably 12 to 18 months behind some of our peers" on issues like DOCSIS 3.0, switched digital and HD capacity but pointed to the company's ongoing efforts to strengthen its broadband business as "an upside."
Schremp also voiced an increasingly popular notion that Charter would not ignore non-video subscribers--especially as it and other MSO continued to leak basic video subs like a submarine with screen doors. "Our network passes 12 million homes (so) there's certainly no reason if somebody chooses to have a satellite dish n their roof that we shouldn't be their broadband provider," he said at the time.
Charter offered no further information on a timeline for replacing Schremp, noting only that it would "discuss 2011 strategic priorities" during an earnings conference March 1.
- see this news release
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