Time Warner Forces HBO’s Albrecht to Resign

May 9, 2007  •  Post A Comment

Time Warner has forced Chris Albrecht, chairman and CEO of HBO to resign from his position following his arrest after an altercation with his girlfriend over the weekend.
Mr. Albrecht on Tuesday took a temporary leave of absence and promised to resume Alcoholic Anonymous treatments for alcoholism, but the reported emergence of other incidents that indicated a possible pattern of difficulties with women contributed to his permanent separation from the hugely profitable pay-cable channel.
HBO Chief Operating Officer Bill Nelson will assume Mr. Albrecht’s duties on an interim basis until the appointment of a new Home Box Office CEO.
“With great regret, at the request of Time Warner, I have agreed to step down as chairman and CEO of Home Box Office,” Mr. Albrecht said in a statement. “I take this step for the benefit of my Home Box Office colleagues, recognizing that I cannot allow my personal circumstances to distract them from the business. I’m very proud of what we have achieved together at Home Box Office, and I wish everybody there many more successes in the future.”
Time Warner Chairman and CEO Richard D. Parsons said, “Jeff Bewkes and I believe that this is the right decision for the Company. We thank Chris for all of his contributions to Home Box Office over the years.”
(Editor: Romanelli)

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