Time Warner Cable Names CFO5/26/2011 4:39 PM Eastern
Time Warner Cable has named former insurance executive Irene Esteves executive vice president and chief financial officer, filling a vacancy left when former CFO Rob Marcus was promoted to chief operating officer last year.
Esteves will oversee all of the company's finance functions, including treasury, accounting, financial planning and analysis, tax, mergers and acquisitions, and investor relations. She will report to Time Warner Cable chairman and CEO Glenn Britt and will work closely with him, Marcus and other members of the company's senior management team on key strategic matters. She will work from the company's New York City headquarters.
Marcus was named COO in December 2010 and served as interim-CFO while the company looked for his replacement.
Esteves joins Time Warner Cable from global insurance and reinsurance company XL Group plc where she is executive vice president and CFO. Prior to XL Group, she had served as CFO of Regions Financial Corp. in Birmingham, Ala., from 2008 to 2010 and as CFO of Wachovia's Capital Management Group in Charlotte, N.C., from 2006 to 2008. She previously held executive roles in functions including domestic and global finance, human resources, and corporate strategy with Putnam Investments in Boston and Miller Brewing Company in Milwaukee. She started her career and worked for 13 years at S.C. Johnson & Son Inc.(SC Johnson Wax) in Racine, Wisconsin, where she rose to Division Controller of North American Home Care.
"Irene has proved her leadership and expertise in all areas of finance and corporate management in an impressive career that has spanned 30 years and some of the world's largest and most respected companies," Britt said in a statement. "I am delighted she is joining Time Warner Cable and will lead all facets of finance, as well as relationships on Wall Street and with operations leaders throughout our company. I look forward to her contributions as a critical member of our senior management team."