Time Warner has appointed Tim Armstrong as chairman and chief executive of AOL. Tim Armstrong will be replacing Randy Falco, CEO of AOL. Falco and Ron Grant will be leaving the company. Armstrong has been working as the president of the Google’s Americas Operations and serving on its Operating Committee since 2000.
Armstrong was the man who helped transform Google into the most powerful online advertising business in the world.
Time Warner CEO Jeff Bewkes said “Tim is the right executive to move AOL into the next phase of its evolution. At Google, Armstrong helped build one of the most successful media teams in the history of the Internet — helping to make Google the most popular online search advertising platform in the world for direct and brand marketers. He’s an advertising pioneer with a stellar reputation and proven track record. We are privileged to have him preside over AOL as its audience and programming businesses continue to grow and its advertising platform expands globally. He’ll also be helpful in helping Time Warner determine the optimal structure for AOL.”
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