Charter Communications, Inc. (NASDAQ: CHTR) on April 20 announced that industry veteran Jim Nuzzo, Charter's executive vice president, business planning and FP&A, plans to retire in early 2024. With Nuzzo's retirement, the company announced that it is promoting Paul Woelk to the position senior vice president, business planning for cable operations.
Invaluable leadership
According to information in a press release, Nuzzo joined Charter in 2014 to oversee business planning for its cable operations unit, working closely with the company's field operations, customer operations, sales and marketing, network operations, technology and product teams.
His area of oversight expanded in 2019 to include the operator's corporate financial planning & analysis (FP&A), as well as business planning, business intelligence, revenue assurance and corporate services functions.
Chris Winfrey, Charter's president and CEO, said:
"Jim's expertise and leadership in financial planning, forecasting and analysis have been invaluable over the past decade, and he has been a tremendous partner to the entire executive team. Most notably, he led the development of Charter's business planning playbook that was instrumental in navigating the complexities of the largest-ever cable integration with our purchase of Time Warner Cable and Bright House. The systems and processes he developed are central to our current day success."
Executive transition
In his new role as Charter's senior vice president, business planning for cable operations, Paul Woelk will be responsible for all aspects of business planning for the company's cable operating teams, as well as the consolidation of budgets and forecasts company-wide.
Woelk joined Charter in 2016 during the company's acquisition of Bright House Networks, originally as vice president, business planning for customer operations. He moved to a similar role in Charter's field operations unit in 2019, and after taking on increasing levels of responsibility, was promoted to the position of group vice president, business planning for field operations in 2021. Nearly a year ago, he joined the company's corporate business planning team in his current role of group vice president, cable operations business planning.
Previously, Woelk spent nearly nine years at Sprint in a variety of technology, product management and business development roles before joining Bright House Networks in 2009 in that company's network engineering and operations group. Woelk received a B.S. in Economics from the University of Kansas and a graduate degree in Finance from the University of Kansas Graduate School of Business.
Woelk will report to Adam Ray, Charter's EVP and chief commercial officer. Additionally, the corporate FP&A, business intelligence and corporate services teams which currently report to Nuzzo will now report to Jessica Fischer, Charter's chief financial officer.
Ray commented:
"Paul's vast experience in and knowledge of our operations makes him well-suited for this expanded role. I look forward to working with him and his team to continue building practical models that help guide our day-to-day operations to even greater success."
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