HBO CEO Bill Nelson Retires From Time Warner Pay-TV Network

HBO’s Bill Nelson, chairman and chief executive officer of the pay-television network since 2007, said he will retire at the end of the year.

Richard Plepler, 53, will succeed Nelson, 63, as CEO, the New York-based unit of Time Warner Inc. (TWX) said today in a statement. Eric Kessler will become president and chief operating officer, while Michael Lombardo continues as president of programming.

Management of the network, which has aired cable dramas including “The Sopranos,” “Game of Thrones” and “True Blood,” stays in the hands of long-time company executives, according to the statement. Plepler has been with HBO since 1992, while Kessler, 56, has held various roles since 1986 and Lombardo, 55, came aboard in 1983.

Time Warner, which also operates cable TV’s CNN, TNT and TBS, gained 0.6 percent to $45.79 at the close in New York. The shares have gained 27 percent this year.

Nelson joined HBO in 1984 after five years with Time Inc.

To contact the reporter on this story: Rob Golum in Los Angeles at rgolum@bloomberg.net

To contact the editor responsible for this story: Anthony Palazzo at apalazzo@bloomberg.net

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