Comcast has named Neil Smit chief executive officer of Comcast Cable Communications. Smit, who also serves as president of Comcast Cable and is responsible for all aspects of the company’s cable business, joined Comcast in March 2010. He reports to Brian Roberts, chairman and chief executive officer of Comcast Corporation.

“Neil has done a phenomenal job," said Roberts, in a statement. "He has driven innovation, improved the customer experience, increased the speed of the introduction of new products, and has expanded our company into new opportunities for profitable growth. I look forward to his continued leadership of our terrific cable team."

Smit joined Comcast from Charter Communications where he served as chief executive officer and director from 2005-2010. Prior to Charter, he was president of Time Warner’s America Online Access Business overseeing America Online (AOL), CompuServe and Netscape ISPs. He also served at AOL as executive vice president/Member Services, and chief operating officer of MapQuest.

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Liberty Broadband’s Charter Stake

Liberty Broadband will sell to Charter , generally on a monthly basis, a number of shares of Charter Class A common stock so that it doesn’t exceed its ownership cap as Charter reduces outstanding shares

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