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Time Warner Cable CEO Glenn Britt will retire at the end of the year, to be succeeded by Chief Operating Officer Rob Marcus.

Mr. Marcus, 48, will take over as CEO and chairman on Jan. 1, the company said today in a statement. Mr. Britt, 64, will remain on the board in a non-executive role. Bloomberg News reported in February that Britt would retire at year’s end.

Among other questions he will encounter in his new role, Mr. Marcus may face a decision on whether Time Warner Cable should merge with Charter Communications. Charter, the fourth-largest U.S. cable company, is interested in a combination with Time Warner Cable, the second-largest U.S. cable operator, people familiar with the matter have said.

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