Charter Communications said Friday that longtime board member Marc Nathanson stepped down from its board of directors on Dec. 1 to devote more time to personal and business interests.
A board member since 2000—he joined shortly after he sold his Falcon Communications to Charter for $3.6 billion in 1999—Nathanson’s board seat will not be replaced at this time, Charter said in a statement.
“With 40 years of cable industry experience, Marc has served as vice chairman and been a valuable member of Charter’s board for more than eight years," said Charter chairman Paul Allen, in a statement. “We appreciate his many contributions to Charter, and wish him well in future endeavors.”
News of Nathanson’s departure comes on the heels of a restructuring at the company, where it reduced its number of operating divisions from three (East, West and Central) to two (East and West). As a result, about 75 employees will be laid off, or less than 1% of Charter’s 16,000-person work force.
Central division president Mary White and West division president Paula Trustdorf will retire. Charter vice president of operations Steve Apodaca will head up the West division and East division president Joshua Jamison will continue to lead the East group.
Among those laid off are senior vice president of consumer marketing Barbara Hedges, senior vice president of human resources Lynne Ramsey and Himesh Bhis, vice president of new revenue development.