Charter Retains Two Key Execs10/01/2001 11:58 AM Eastern
Trying to calm the waters one week after its CEO resigned, Charter
Communications Inc. said its chief operating officer and chief financial officer
signed long-term employment deals and its vice chairman will join a key
Charter said CFO Kent Kalkwarf and COO David Barford signed new agreements.
They are the company's highest-ranking executives following the departure of
former CEO Jerald Kent.
The executives' agreements will run through 2005.
Charter -- which saw its stock get hammered after Kent announced his
resignation last Monday -- also said it would issue additional stock options to
all 17,000 employees.
The MSO named vice chairman Marc Nathanson to the company's executive
committee, joining Charter chairman Paul Allen and his key adviser, Vulcan
Ventures Inc. president William Savoy.
Barford and Kalkwarf will split Jerry Kent's duties as president and CEO,
reporting to the executive committee, until Charter names a replacement CEO.
Nathanson, the former chairman of Falcon Communications Inc., sold his cable
operations to Charter in 1999 for $3.6 billion.
Sources have pegged Liberty Media Corp. senior vice president Carl Vogel as
the front-runner to replace Kent, although Charter is said to be considering
altering its structure to allow more than one person to take over Kent's
Kalkwarf joined Charter in 1995, and he was named CFO in 1997. Barford, named
COO last year, also joined Charter in 1995 as senior vice president of Western