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Google exec Tim Armstrong takes helm at AOL

Posted Mar 12th 2009 7:00PM by Amey Stone (RSS feed)
Filed under: Google (GOOG), Time Warner (TWX)

Tim Armstrong is the new chief executive of AOL, a division of Time Warner (NYSE: TWX) and parent of BloggingStocks. Armstrong, a senior VP at Google (you can read the press release here) replaces Randy Falco, who joined AOL in November, 2006. Also leaving AOL is President Ron Grant.

Time Warner shares initially traded down in after hours trading following the announcement, but were leveling off by 6:30. The stock closed at $8.32 today, a gain of 5%, and at 7pm was at $8.31.

More reported management changes at AOL

Posted Dec 15th 2006 3:10PM by Amey Stone (RSS feed)
Filed under: Management, Time Warner (TWX)

According to unnamed sources cited in news reports, three top executives at AOL, a subsidiary of Time Warner, Inc. (NYSE: TWX), are leaving the company.

The executives heading for the exits include Jim Bankoff, who ran consumer and publishing divisions, John Buckley, head of corporate communications, and Joe Redling, who ran international operations, according to the Associated Press. AOL has not made an official comment on the reports.

These departures closely follow AOL getting both a new chief executive and a new president. On Nov. 15, Randy Falco joined AOL as CEO. He came from NBC Universal Television Group, where he was president and COO. And on Nov. 21, Ron Grant, formerly a senior vice president of operations at Time Warner, joined AOL as president and CEO.

According to reports, the executive departures were voluntary. Provisions in their contracts allow them to leave following management changes at the top.