Less than one year after taking the job, Charter Communications Inc. executive vice president and chief financial officer Michael Huseby has resigned, effective Aug. 20, to take a similar position with Cablevision Systems Corp.
Huseby joined Charter in January from AT&T Broadband, where he was executive VP of finance and administration and CFO from 1999-2002, when the company was acquired by Comcast Corp.
Huseby joins Cablevision shortly before the company is expected to spin off its national programming assets and its Rainbow DBS unit into a separate publicly traded company called Rainbow Media Enterprises. That spinoff is slated for September.
Huseby would replace vice chairman and CFO William Bell, who was expected to retire Dec. 31. Bell will remain on Cablevision’s board of directors and has agreed to serve as a consultant to the company through 2007.
Charter said it would replace Huseby shortly. Although the MSO hasn’t identified any candidates, a likely successor could be executive VP of finance and strategy Derek Chang, who joined the company in December.
Chang has a long history in the cable industry, serving as treasurer of InterMedia Partners from 1994-97; executive VP of corporate development for Tele-Communications Inc. from 1997-2000; CFO and co-chief operating officer of GlobalCenter in 2001; and executive VP of Yankees Entertainment & Sports Network.