HOLLYWOOD — Former Liberty Media exec Carl Vogel was named CEO of cabler Charter Communications on Tuesday.
The appointment follows the recent ankling of Charter co-founder Jerald Kent. There was little official explanation for that Sept. 24 departure, but some analysts have tied Kent’s move to a rift with Charter chairman and controlling shareholder Paul Allen.
Vogel, who most recently was senior veep at Liberty and chief exec at its Liberty Satellite and Technology unit, acknowledged Allen’s backing in his appointment.
“I appreciate the vote of confidence that Paul and the other Charter board members have shown by giving me this opportunity,” Vogel said. “Charter is a great company with a strong management team, (and) I look forward to working with all employees. My challenge is to build on that success and — along with my new colleagues — to bring the full spectrum of advanced broadband services to our customers.”
Prior to Liberty, Vogel was exec VP and chief operating officer of field operations at AT&T Broadband and Internet Services.
Charter and other cable system operators have emphasized the rollout of digital services and other deluxe offerings of late, even as companies mark a coinciding stagnation in basic-cable growth. At Charter, officials denied recent speculation the company would grow its cable subs by merging with Allen-controlled cabler RCN.
Charter, which is based in St. Louis, has almost 7 million customers in 40 states.
The company’s share price has dropped almost 10% since Kent’s ankling was announced last month. The stock was down 64¢, or almost 5%, at $12.56 in midday trading Tuesday.