Time Warner’s Jeff Bewkes has kicked out the dynamic duo of Randy Falco (CEO) and Ron Grant (COO) for Google’s Tim Armstrong (former SVP Advertising and Commerce, North America). The announcement came a little bit after 5pm (EST) on Thursday March 12, 2009. While the details are still vague, there has been some mention of a “transition period” before Randy & Ron make bid adieu. Lets wait and see what happens as official announcements come out tomorrow. More to come!
Update – March 12, 2009 8:01 PM
Jeff Bewkes released an official announcement about the CEO switch-a-roo.
Today we made a change in leadership at AOL. Effective April 7, Tim Armstrong, formerly of Google, will become the new Chairman and CEO of AOL, taking over for Randy Falco. Randy and President and COO Ron Grant will be leaving the company after a short transition period.
Could brining a Google insider to serve as the CEO help in any potential future (current?) negotiations to spin-off or merge AOL with Google?
One Comment
A while back, but good I assume. I still use AOL and wondered how long it would keep going haha. It works for me