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AOL Names Former Google Exec as CEO

By the Associated Press

Posted Mar 12, 2009 6:27 PM CDT

(AP) – AOL is getting a new CEO. Tim Armstrong, a senior vice president at Google, will replace Randy Falco, who took the job in late 2006. Falco is leaving along with president and COO Ron Grant. The shakeup could mean that a Time Warner spin-off of AOL is more likely. Time Warner CEO Jeff Bewkes said Armstrong would be "helpful in helping Time Warner determine the optimal structure for AOL."

The transition is another sign of turmoil in Time Warner's decade-long attempts to salvage its 2001 partnership with AOL, once known as America Online. The $147 billion AOL-Time Warner deal symbolized the astonishing wealth created by the dot-com boom and quickly became one of the most disastrous marriages in US corporate history.

The AOL logo is projected on a wall of the company's New York office. (AP Photo/Mark Lennihan, File)

Randy Falco, AOL's Chairman and CEO, speaks in 2007. (AP Photo/Seth Wenig)

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Defiant Syrians Changing Streetscape —Via Google

Streets renamed in honor of fallen revolutionaries via Map Maker

CEOs Get Paid Big Bucks to Sit in Meetings, Eat Lunch

Study finds they spend a third of their time in meetings

Google Gets Europe's OK to Buy Motorola

But regulators in EU, United States will monitor for antitrust

Automakers Pushing 'Connected' Cars

Gizmos proliferate amid concerns on distracted driving

Google Creating Techie 'Entertainment Device'

Music gadget expected to mark start of new focus on hardware

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Google • Time Warner • AOL • CEO

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Defiant Syrians Changing Streetscape —Via Google

Streets renamed in honor of fallen revolutionaries via Map Maker

CEOs Get Paid Big Bucks to Sit in Meetings, Eat Lunch

Study finds they spend a third of their time in meetings

Google Gets Europe's OK to Buy Motorola

But regulators in EU, United States will monitor for antitrust

Automakers Pushing 'Connected' Cars

Gizmos proliferate amid concerns on distracted driving

Google Creating Techie 'Entertainment Device'

Music gadget expected to mark start of new focus on hardware

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