Leonsis to step down from AOL management
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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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The incoming head of AOL said Tuesday he left a 31-year career at NBC for the chance to transform the online business into a formidable rival to television and other traditional media.
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AOL said yesterday that its chief financial officer, Stephen Swad, plans to leave the firm for a position at a private-equity firm.
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NEW YORK -- AOL will disband a unit that handled subscriptions and give product managers more autonomy over designing services for consumers as the company increases its emphasis on generating advertising revenue.
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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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Sun-Times Media Group Inc.  on Wednesday  said Chief Executive Gordon Paris will step down by the end of  the year as the company relocates the last of its New  York-based corporate functions to Chicago.
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Online travel and leisure business Lastminute says chairman Allan Leighton is to step down in January.
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AOL will disband its business unit that handled access subscriptions and give product managers more autonomy over designing services for consumers as the company increases its emphasis on generating advertising revenue.
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David Talbot will step down as the online magazine's editor in chief, chief executive and relentless cheerleader.
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Sun-TimesÂ chief executive will step down as the company shifts its New York-based corporate functions to its Chicago headquarters.
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Online auction website eBay said Wednesday chief executive Meg Whitman will step down in March, handing the company's reins to its marketplace unit head John Donahoe.
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Jeff Bewkes, the new chief of Time Warner, said he planned to separate AOLâs online access and advertising businesses and possibly spin off the rest of the companyâs cable division.
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The Microsoft executive who had led the effort to close the gap on Google is leaving the company.
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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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Just a few days after the official birth of Sanofi-Aventis, the world's third-biggest pharmaceuticals company, one of its board members has announced he is stepping down, a source close to the negotiations told AFP.
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Less than two weeks after Microsoft announced a $1 billion charge to extend the warranty of failing Xbox 360 consoles, the executive who headed the company's video game business has resigned to take a job at Electronic Arts.
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(InfoWorld) - Less than two years after its last major reorganization, AOLÂ  is again redrawing its internal business architecture to better align it with its new strategy toÂ focus on online advertisingÂ and retreat from the Internet access market. In an e-mail message to employees Wednesday, AOL Chairman and Chief Executive Officer Jonathan Miller said AOL's four business units -- Access, Audience, Digital Services and Europe -- will be replaced by "smaller, nimbler product groups with more authority and greater accountability." AOL must become a global business led fully by its products, he wrote. "We made progress breaking down the matrix, but we did not, in my opinion, go far enough. Now we will go further," reads the e-mail, a copy of which was obtained by IDG News Service. While product leaders will become general managers with wide-ranging authority over product development, the ad sales operation will remain centralized, as will the legal, human resources, finance and public relations operations. Having companywide oversight and services is important, he wrote. "The recent Search data debacle is a prime example of why, even with the best of intentions, without proper oversight, costly mistakes can be made," Miller wrote, referring to the scandal that erupted last month from AOL's release of search engine records. Although the reorganization is in flux, Miller has defined several roles. Randy Boe has been entrusted with a unit dedicated to AOL's protection of consumers, and he will soon appoint AOL's first chief privacy officer. Boe's replacement as general counsel will be announced next week. There is no mention in the e-mail about what role, if any, Tatiana Platt, AOL's senior vice president of integrity assurance and chief trust officer, will play in this unit led by Boe. Boe will report to Ted Leonsis. A high-ranking AOL veteran of 13 years, Leonsis willÂ give up his day-to-day management dutiesÂ as president of the Audience business in January, while retaining his role of vice chairman, AOL announced last week. Joe Redling will be in charge of AOL's international, mobile and customer relations businesses. AOL needs to boost its international business and will announce a new international structure "soon", Miller wrote. Mobile efforts also need strengthening, because it's an area where the company hasn't had enough focus and investment, Miller wrote. Jim Bankoff will continue in charge of AOL's programming and the AIM instant messaging service, while Kevin Conroy will oversee AOL-branded products such as the AOL.com portal, Web mail service and video offerings. Mike Kelly will continue to run the ad sales operation. These four executives will provide further organizational details about their teams in coming weeks. Last month, AOL announced its intention toÂ slash as many as 5,000 jobs worldwide, or just over a quarter of its workforce, anticipating the shrinkage of its access business.