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NEW YORK-America Online, Inc. (NYSE: AOL) and Time Warner Inc. (NYSE: TWX) announced today the management team and structure for AOL Time Warner's finance organization, which will take effect upon completion of the merger of the two companies. In making the announcement, J. Michael Kelly, currently AOL's chief financial officer and senior vice president, who will become chief financial officer and executive vice president of AOL Time Warner, said: "We have assembled an extraordinarily talented group of finance executives from throughout AOL and Time Warner, drawing on the strengths of both companies. This is the first step in building the foundation for a world-class finance function. We have the right team, with the right combination of skills and experience, to support the financial and strategic goals of the company and to help us realize the tremendous potential of our merger." Gerald M. Levin, chairman and CEO of Time Warner, who will become CEO of AOL Time Warner, said: "Today's executive appointments will provide AOL Time Warner with an experienced, top-flight, hard-driving financial organization which can establish the operating metrics to support the growth opportunities that will help drive our continually accelera
, today announced the management team and organization of AOL Time Warner, which will take effect when the merger closes in the fall. Frederick Yeager, senior vice president, finance. Hobbs's responsibilities will include budgets and financial and operational analysis of the results of the company's business units. He is currently vice president, tax at Time Warner Inc. Completion of the planned merger, which is subject to certain regulatory approvals, is expected in the fall. (NYSE: AOL) is the world's leader in interactive services, Web brands, Internet technologies and e-commerce services. The merger will be effected on a tax-free basis to shareholders. Levin, Chairman and Chief Executive Officer of Time Warner, said: "We truly appreciate the tremendous support of our combined shareholders for AOL Time Warner. Mount's responsibilities will include financial strategies, business planning, mergers and acquisitions, and competitive analysis. AOL Time Warner will be organized around its core growth driversÐsubscription services, advertising and commerce, and content N to maximize the value of the company's unique combination of brands and other assets, and to drive future growth. (NYSE:TWX) today announced that their shareholders have voted to approve the proposed merger of the two companies at special shareholders meetings held respectively in Tysons Corner, Virginia, and New York City. 5 shares of AOL Time Warner common stock for each share of Time Warner common stock they own.
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