Time Warner Cable COO Rob Marcus to Succeed Glenn Britt as CEO

The retiring Britt will be replaced by Marcus at year's end

Time Warner Cable will start the new year in 2014 with a new CEO.

Current TWC chairman and CEO Glenn Britt will retire at the end of the year, the company said Thursday.

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He'll be replaced by Rob Marcus, who currently serves as the cable provider's president COO and will assume his new position Jan. 1.

"I love this business, but I’m ready to retire knowing Rob is ready to lead,” Britt said. "I have worked with Rob for more than 20 years in his various roles, and worked side by side with him for nearly eight years as a member of the TWC senior management team. He is an accomplished executive, a strong strategic decision maker, and has a deep understanding of our company, our industry and what it will take to lead TWC into the future."

Britt, 64, has been Time Warner Cable's CEO since 2001.