Bill Nelson, CEO of HBO, is retiring at the end of the year after almost 30 years at the cable network. HBO announced Thursday (Sept. 20) that current co-president Richard Plepler (pictured above) will succeed Nelson as chief executive.
“Bill and I have worked together for many, many years and though I’m sad to see him leave, I respect his decision to enjoy retirement. He is a world-class CEO and leaves the company well-positioned for the future,” says Jeff Bewkes, chairman and CEO of Time Warner Inc., in a statement.
Nelson adds, “HBO has been my home for almost 30 years so this decision was an emotional one. With my elevation to CEO more than five years ago, we set an ambitious agenda for HBO, and I’m proud to say that I feel the company has never been in better shape financially or creatively.”
Eric Kessler, another co-president, has been promoted to president and chief operating officer.