Time Warner Cable CFO Arthur Minson Leaving For Co-Working Startup WeWork

Features Dow Jones Newswires

Time Warner Cable Inc. said finance chief Arthur Minson is leaving the company, effective Monday, to become president and operations chief at the New York-based co-working startup WeWork Cos.

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Mr. Minson will remain on at Time Warner Cable as an advisor until its $55 billion deal to be bought by Charter Communications Inc. closes.

"I'm grateful that Artie delayed his decision to leave until he was confident that Time Warner Cable's path forward was established, and in particular for his role in crafting our merger agreement with Charter," said Time Warner Cable Chief Executive Rob Marcus.

Time Warner Cable and Charter agreed to the deal late last month, only a month after Time Warner Cable went back on the block after Comcast Corp. terminated the companies' planned $45.2 billion merger in the face of serious pushback from Washington regulators.

Chief Accounting Officer William F. Osbourn Jr. and Treasurer Matthew Siegel will serve as co-CFOs in Mr. Minson's place.

WeWork divvies up rented office space and sublets largely to startups, aiming to bring together entrepreneurs who share space, office services and, potentially, ideas. In December, the company closed a $355 million funding round, valuing the company at $5 billion, the Wall Street Journal reported.