Dec. 5 (Bloomberg) -- Time Warner Cable Inc. named former Insight Communications executive Dinni Jain as its chief operating officer, filling a role that will be vacated by incoming Chief Executive Officer Rob Marcus.
Jain will take the job on Jan. 13, following the elevation of Marcus to CEO and chairman on the first of the year, the New York-based company said today in a statement. Jain had served as president and chief operating officer of Insight, a company Time Warner Cable acquired in 2012.
Marcus, who will become CEO after the retirement of 64- year-old Glenn Britt, is taking the job under the shadow of takeover speculation. Charter Communications Inc., Comcast Corp. and Cox Communications Inc. have all considered bids for the company, according to people familiar with the situation. Charter is seen as the farthest along with a potential offer after nearing an agreement to raise $25 billion in financing, according to one of the people.
In his new job, Jain will be responsible for Time Warner Cable’s technology and network operations, as well as product development and the acquisition of programming content. Before joining Insight in 2002, he worked at NTL Europe, Cellular Communications Inc. and other firms.