Three senior AOL executives to leave
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(InfoWorld) - A month afterÂ Jonathan Miller was fired unexpectedlyÂ as AOL chief executive, three of the senior executives who reported directly to him and who oversee key areas of AOL's business are on their way out,Â sources say. Jim Bankoff, executive vice president of consumer and publisher services, and Joe Redling, president of AOL Mobile, customer management and paid services, and chairman and CEO of AOL International, will leave the company soon, along with John Buckley, executive vice president of corporate communications. All three are still with the company but have set the process in motion to pack their bags and move on, taking advantage of a so-called "change of control" clause in their contracts, sources said. Joining them will be John McKinley, who, as had been confirmed previously, is leaving at the end of the year after a temporary stint as chief technology officer. Like Miller's dismissal, the departures of Bankoff and Redling will no doubt send shockwaves through the management ranks at AOL. Both were top generals for Miller, who chose them to figure prominently in the restructuring plan he drafted and began to implement in September. "Jim will have the dedicated distribution, adoption and technology resources to be able to manage his portfolio of programming initiatives, from instant messaging to social networking sites such as AIM Pages," Miller wrote of Bankoff in a memo in September in which he outlined the plan. In that document, Miller also assigned Bankoff the task of developing a new publishing and content-management system, calling the project "a priority for the company that Jim will spearhead." Meanwhile, Miller called Redling "one of AOL's most capable executives" and described Redling's main business responsibilities -- mobile, customer relationships and international -- as "three key initiatives that directly address our future." Redling was supposed to boost AOL's advertising business abroad, while designing a new international structure. In mobile, Redling was entrusted with developing an area in which Miller said AOL had never placed enough investment or focus. The departures of Redling and Bankoff will likely make industry observers wonder if AOL runs the risk of derailing, at a time when it is undergoing a critical structural and strategic overhauling. Before his sudden ouster, Miller had garnered general praise from pundits for steering AOL through a radical transformation, from a company focused on dial-up Internet access subscription fees to one focused on online advertising. Miller's replacement, Randy Falco, is a TV industry veteran who was president and chief operating officer of the NBC Universal Television Group and doesn't come from the Internet field. Bankoff has been with AOL since 1995, and has held a variety of positions, including president of AOL Web Properties and president of AOL eCommerce. Redling came to AOL in 1999 as senior vice president of marketing for the AOL service and was later promoted to marketing president. An official announcement from AOL about the impending departures of these executives and their replacements is likely to come next week, sources said. AOL declined to comment.
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AOL will reorganize its business   divisions to simplify its structure as it focuses on boosting   Internet advertising sales globally, according to a memorandum   sent to employees on Wednesday.
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Randy Falco, AOL's chief executive for the past few weeks, yesterday announced a new team of executives charged with running a "tighter, clearer and better focused" Internet firm.
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AOL on Monday confirmed to its employees the rumored departure of several senior executives and announced a reshuffling of top-tier management duties in a memo penned by Randy Falco,Â the new chief executive officer.
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AOL told 500 employees at the company's Dulles headquarters today that their jobs would be eliminated, as part of plans announced this summer to trim its workforce and change the business strategy.
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Cammie Dunaway is the latest in series of executives to leave the search company.
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By ANICK JESDANUN  NEW YORK - AOL's chief executive announced yet another restructuring of the online company's corporate structure Monday, creating a senior position to market its brand while naming several executives who will report to a newly appointed deputy.
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Carlo, we barely knew you AOL Europe CEO Carlo d'Asaro Biondo has resigned after less than two months in the job.â¦
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Three of Citigroup&#39;s most senior executives are to leave the Wall Street heavyweight following the closure of its Japanese operations, reports say.
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(InfoWorld) - Ted Leonsis, one of AOL's top leaders in the past 13 years, will shed his day-to-day management duties in January, but will remain vice chairman of the Dulles, Virginia, Web portal and Internet services provider. Leonsis is seen as having a steady hand in keeping AOL afloat during rough times and for envisioning and implementing dramatic strategic changes. By retaining his vice chairman role, he will continue to be "a strategist and visionary for AOL" and a mentor to executives, AOL said in a statement Friday. He steps away from active management at a critical time for AOL, as the Time Warner subsidiary continues to morph into anÂ advertising-drivenÂ Web portalÂ and moves away from its subscription-based Internet access model. This shift, in the works for years, began in earnest in mid-2005 and got its biggest public boost last month when AOL announced it wouldÂ provide for freeÂ practically all of its content and services. Viewed as a bold jump without a net, this decision will accelerate the shrinking of AOL's Internet access business, whose subscription rolls have been deflating for several years. It remains to be seen if the advertising revenue will grow enough to justify the gamble. As president of AOL's Audience business, Leonsis oversees AOL's advertising operations, whose success is mandatory for the company to survive and thrive. He will relinquish this role effective Jan. 1, 2007. Already, AOL announced its intention toÂ slash up to 5,000 jobsÂ worldwide, or just over a quarter of its workforce, anticipating the shrinkage of its access business. As if the dramatic business-model shift wasn't enough of a challenge, AOL executives have had to wipe a lot of pie from their faces in recent months due to a series of disconcerting bungles. The most serious one was the public release last month of about 20 million search records from about 658,000 of its members. AÂ storm of criticism hit AOLÂ over this faux pas, which the company acknowledged was a lapse in judgment. Although AOL didn't disclose member names, it grouped each person's records with a unique number, making it possible to see what each individual searched for. The data included search queries, as well as Web sites the members clicked on. In June and July, the company faced a public relations nightmare after a member called AOL to cancel his subscription and the customer service representative resisted in disrespectful ways. The member posted a recording of the call on his blog. It ignited such a firestorm that the story got picked up by news outlets. Last month, StopBadware.org labeled the AOL 9.0 desktop software application as "badware," because, among other things, it installs additional software without informing users and forces them to take certain actions. In this context, Leonsis has decided he wants to devote more time to other pursuits in which he is already involved, like ownership of professional sports teams, filmmaking, philanthropy and venture capital investing. Leonsis joined AOL in 1993, when AOL acquired Redgate Communications, a digital marketing company he founded. "AOL is in great hands, and it is absolutely on the right path,â Leonsis said in Friday's statement.
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Several senior executives at AOL have resigned since the hiring of a new chief executive at the Internet company owned by Time Warner.
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AOL Chief Financial Officer Steve Swad will join a private-equity firm and become the latest senior manager to leave as the Internet company tries to transform itself into an online advertising conduit.
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By ANICK JESDANUN  NEW YORK - Ted Leonsis, the AOL senior executive who helped steer his company's transition into a provider of free services supported by advertising, will step down from active management while continuing in an advisory capacity.
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George Reyes will be one of only a few of the Internet search giantâs top executives to have left since its founding in 1998.
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AOL has agreed to make it easier for its remaining customers to leave as part of a $3 million settlement with 48 states and the District of Columbia.
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AOL chief technology officer Maureen  Govern, who oversaw the division responsible for accidentally  releasing search data for more than a half a millions Internet  users, has resigned from the company, according to an internal  company memorandum.
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AOL, the world's largest internet services provider, is to split into four separate divisions to cut red tape and boost profits.