Several AOL Executives Announce Their Departures
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Several key executives at AOL announced today that they plan to leave the company, just days before new chief executive Randy Falco is expected to announce a major restructuring of the Internet company's leadership.
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The new chief executive of AOL, Randy Falco, named Ronald E. Grant as president.
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Ted Leonsis, a top leader at AOL for 13 years, will give up his management role but remain vice chairman of the company.
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Cammie Dunaway latest in series of executives to leave search company Yahoo.
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AOL and a group of entertainment entrepreneurs who created a venture to produce and distribute live concerts on the Internet and elsewhere have dissolved their partnership after just 14 months, executives in the venture said yesterday.
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Bill Nelson and three other executives with long careers at HBO will replace Chris Albrecht, who resigned.
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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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Cammie Dunaway is the latest in series of executives to leave the search company.
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(InfoWorld) - 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. Five high-level executives are leaving, all of whom reported directly to Jonathan Miller, the former CEO whoÂ was abruptly fired in mid-NovemberÂ to the surprise of many. Four of them figured prominently in Miller's strategy,Â outlined in September, to complete AOL's radical transformation from a provider of dial-up Internet access that charged for most of its content and services to an open and free Web portal focused on online advertising revenue. Miller had been praised for early success in transitioning the company to an ad-driven model, and some AOL observers are concerned that the shakeup could destroy the momentum he built up. In particular, some view with skepticism that Miller has been replaced by a TV industry veteran and not an Internet specialist. Falco was president and chief operating officer of the NBC Universal Television Group. In Monday's memo, obtained by IDG News Service, Falco praised Miller's plan but said it needed to be "tighter, clearer and better focused on operations" with a greater focus on execution and with more accountability "built into the organization." "In such crucial areas as our speed to market and innovating new products, we have much work ahead of us," Falco wrote. Heading out the door are Jim Bankoff, executive vice president of consumer and publisher services, and Joe Redling, president of AOL Mobile, customer management and paid services, and CEO of AOL International. Joining them will be John McKinley,Â whom AOL had already acknowledged was leaving. Randy Boe, executive vice president for consumer advocacy and privacy, has also resigned, as well as John Buckley, executive vice president of corporate communications. Falco's memo doesn't say when these men will leave. All decided to resign on their own accord, sources said. "AOL has just gone through elements of a significant reorganization, and I know that the departure of well-respected colleagues and friends is not easy for anyone here," Falco wrote. Eight executives will report directly to Falco, including Ted Leonsis, AOL vice chairman; Ron Grant, president and chief operating officer; and Steve Swad, chief financial officer. Grant, a former senior VP of operations at parent company Time Warner Inc. who arrived after Miller's departure, will oversee AOL's business units: products, programming, platforms, AOL media networks, paid services, and international. The new CTO, Balan Nair, will also report to him, "because smoothly integrating our technology resources into the business units has been such a priority," Falco wrote. Kevin Conroy, who reported directly to Miller, will be in charge of products, including AOL Mail, the AOL PC software, portals, video and video search, storage, safety and security products, AIM and mobile products. Bill Wilson will head AOL's programming, an area Bankoff ran, while Falco is still looking for someone to oversee AOL's platforms, including the search engines, e-commerce offerings and online mapping site MapQuest. Mike Kelly, who also reported directly to Miller, will continue to head AOL Media Networks, which includes the key ad sales operation. Kim Partoll, who reported to the departing Redling, will continue in her role managing AOL's paid services. Another area Redling managed, international, still lacks a chief.
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America Online Inc. yesterday put new leaders in senior posts and revamped its corporate structure, undertaking a sweeping overhaul just one month before the company plans to slash costs by firing more than 700 employees.
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Vince Broady, a senior vice president in Yahoo's media group, is the latest executive to leave the company as his duties are scaled back.
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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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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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(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.
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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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WebMethods Inc. said yesterday that its chief financial officer plans to step down at the end of December, adding to the list of leaders who have resigned from the Fairfax software company in the past two years.
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With Monday's announcement of four Cabinet resignations, at least six Cabinet members are leaving the Bush administration.