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Industry Moves: TWX CFO Swap; MSFT Fires CIO

Time Warner: Jeff Bewkes will have a new CFO when he takes over as CEO Jan. 1, 2008. Current CFO Wayne Pace will retire at the end of the year, making way for John Martin, CFO of Time Warner (NYSE: TWX) Cable since August 2005. He was VP of investor relations in an earlier stint at Time Warner. Try reading the tea leaves on this one: Bewkes: “John and I share an appreciation for how a CFO can help shape a company to generate incremental value for shareholders.” Release.

Microsoft: A mysterious high-level departure … ZDNet reported Tuesday and Microsoft (NSDQ: MSFT) confirmed that it has fired CIO Stuart Scott “for violation of company policies.” Scott spent 17 years at GE before joining MSFT in 2005.