Esteves

Ms. Esteves has held the same role at XL Group PLC in Hamilton, Bermuda, since May 2010 and previously was finance chief for Regions Financial Corp. She informed XL that she would be leaving the company on Friday, according to one of the people familiar with the situation.

Time Warner Cable Near CFO Pick Joann S. Lublin 2011

"Simply put, this was an offer I couldn't pass up," Ms. Esteves was quoted as saying in the XL statement.

Time Warner Cable Near CFO Pick Joann S. Lublin 2011

Ms. Esteves would become the highest-ranking female executive at Time Warner Cable, which is the fourth-largest provider of pay-TV service in the U.S. by subscribers.

Time Warner Cable Near CFO Pick Joann S. Lublin 2011

Ms. Esteves could not independently be reached for comment.

Time Warner Cable Near CFO Pick Joann S. Lublin 2011

Ms. Esteves appealed to Time Warner Cable because she's got really good exposure to capital markets,'' one of the people familiar with the situation said.

Time Warner Cable Near CFO Pick Joann S. Lublin 2011

In a statement, XL said that Ms. Esteves will be leaving after a transition period to "pursue an opportunity with a Fortune 150 company outside of the insurance industry," and that XL will initiate a search for her replacement.

Time Warner Cable Near CFO Pick Joann S. Lublin 2011

"Of course austerity will have an impact on growth prospects," said João Cantiga Esteves, an economist at the Technical University of Lisbon.

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Time Warner Cable Inc. CFO Irene Esteves said at the conference the company has seen programming costs increase significantly in part because of sports.

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"The next government will have a good room to maneuver to take the measures it considers the best, so it does matter who wins," said João Cantiga Esteves , an economist at Technical University of Lisbon.

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Earlier in her career, Ms. Esteves worked for other financial-services concerns as well as Miller Brewing Co. and S.C. Johnson & Son Inc. Time Warner Cable wanted a new finance chief with both services and brand experience, this person added.

Time Warner Cable Near CFO Pick Joann S. Lublin 2011