Stephen Carter To Step Down From NTL

NTL UK’s managing director, Stephen Carter, has confirmed he is to step down from his role at the end of the year, prompting speculation that he is eyeing the chief executive role at Emap.

Barclay Knapp, CEO of NTL said: “Over the past two years Stephen has achieved a great deal at NTL. We are now a leader in broadband with 40% market share and our EBITDA margin has increased from 11% in 2000 to 28% in our latest quarterly results. I am sad to see Stephen go and I wish him well. The UK management team and I are now well situated to emerge from our recapitalisation process and re-establish ourselves in the competitive marketplace.”

Prior to joining Telewest, Carter was CEO of J Walter Thompson’s UK Group. He commented: “We have achieved an enormous amount over the last two years, delivering broadband leadership and positive operating cash flow. With Barclay now based in the UK and returning to full-time operations, and with NTL on track to emerge from US Chapter 11 in November, I feel the time is right to move on.”

Carter has also been tipped for the chief executive position at Trinity Mirror, after Philip Graf announced he is to leave the company next summer (see Graf To Step Down As Chief Executive Of Trinity Mirror).

NTL: 01252 402 000 www.ntl.co.uk

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