AOL Executive Turnover Follows Hiring
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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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By Anonymous  AOL will rely almost exclusively on the web to promote its internet portal, following a shake-up of its strategy.  The company is evaluating its agency arrangements after offloading its broadband business to Carphone Warehouse for 3 70m last year.
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The chief executive of AOL's European operations is leaving the company after less than two months to take another job.
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AOL said on Tuesday it has appointed  Ron Grant as its new Chief Operating Officer and president.
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Randy Falco, who was named AOL's chairman and chief executive in an unexpected shuffle atop the company last week, said yesterday that he plans to bring more discipline to operations but does not foresee layoffs beyond those that recently cost about 1,000 jobs at the Dulles headquarters.
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When Chris Marentis joined America Online Inc. 10 years ago, the fledgling Internet empire was growing at a frenzied pace. As senior vice president of business development, he worked 60-hour weeks and spent holidays closing multimillion-dollar deals. He held strategy meetings by trading instant...
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By Mary Ann Milbourn, The Orange County Register, Calif.  Dec. 13--Gateway Inc., the Irvine computer maker, has hired a longtime  executive in finance and technology to head its human resources.
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(InfoWorld) - AOL has named Ron Grant president and chief operating officer (COO). Grant was most recently the senior vice president for operations at AOL's parent company, Time Warner, where he worked closely with President and COO Jeff Bewkes on strategy, digital initiatives and operations. As part of his duties, he was key to developing AOL's new strategy focused on advertising. His appointment was announced on Tuesday by AOL'sÂ newly installed chairman and chief executive officerÂ (CEO), Randy Falco, who had been president and COO of NBC Universal Television Group before being tapped to replace Jonathan Miller in the top job. Miller was ousted earlier this month after leading Time Warner's Internet division since 2002. AOL was already in decline when Miller became chairman and CEO and he was unable to arrest its slide, with cable and broadband Internet companies continuing to steal subscribers from AOL and its model based heavily on dial-up service. The company announced in August that it was restructuring that business model, turning the AOL site into a free portal with the aim of bringing in revenue from online advertising. AOL also said it would lay off up to 5,000 employees. Grant obviously is well aware of what he's getting into as he moves from the parent company to the subsidiary, where he previously was senior vice president of business affairs and development, managing a team in charge of business development. Grant's "deep knowledge" of AOL and the Internet market, plus his relationships with others at Time Warner are "critical" factors in AOL's change in strategy, Falco said in a written statement.ADVERTISEMENTNEW IT SERVICES FROM IBM: EASIER TO BUY AND IMPLEMENTDiscover a simpler, more cost-effective way to get the solutions your company needs to grow more flexible and efficient.
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More changes are in the works for AOL's portals, including the launch of a new site.
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AOL will begin handing out pink slips today to 20 percent of its global workforce as executives intensify their effort to transform the company from a subscription Internet provider to an online advertising powerhouse that can compete with Google and Yahoo.
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Four top executives at AOL abruptly announced their intentions to leave the company yesterday, just days before new chief executive Randy Falco is expected to announce a major restructuring at the top.
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AOL employees clutching navy-blue folders stuffed with severance package information started walking out of the company's Dulles campus gates at about noon yesterday.
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Time Warner has quietly hired a prominent media analyst as it reshuffles its executive ranks in the weeks before Jeffrey L. Bewkes takes over as chief executive.
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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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Investor's Business Daily - Turnover fell 27% last month, as 105 top execs left their jobs vs. 144 in May, when turnover hit an 8-month high, consultancy Challenger, Gray &amp; Christmas said. High-profile departures included the pressured resignation of Yahoo&#39;s Terry Semel and Wells Fargo&#39;s Richard Kovacevich. Challenger cited a lull in major business activity during the summer for the month&#39;s decline.
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Randy Falco, AOLâs new chief executive, began reorganizing the company Monday to focus on free services for broadband Internet users supported by advertising.
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Blog: The social networking site has pulled in AOL veteran Chamath Paliihapitiya as vice president of product marketing and operations.