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AOL Names Former Google Executive as CEO
By: AP | 12 Mar 2009 | 06:34 PM ET
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A former Google [GOOG  Loading...      ()   ] executive will be the new chief executive of AOL.

Time Warner [TWX  Loading...      ()   ], which owns AOL, named Tim Armstrong to the position. Armstrong was president of the Americas operations at the search engine company.

He replaces Randy Falco, who's also AOL's chairman. Falco, along with Ron Grant, AOL's president and chief operating officer, are leaving AOL.

AOL
CNBC.com

Falco, a veteran television executive, was put in charge of AOL in November 2006. Now this new round of management changes could signal an AOL spin-off.

Time Warner CEO Jeff Bewkes has said he's open to a merger of sale of its AOL division.

© 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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