Parsons to Add Case's Chairman Role

NEW YORK AOL Time Warner CEO Dick Parsons will take on the additional title of chairman after Steve Case relinquishes the post May 16, the New York-based media giant said Thursday. The appointment was made after a unanimous decision by the board of directors.

“I am highly gratified that the board shares my determination to maximize AOL Time Warner’s tremendous potential,” said Parson. “As we address the challenges facing our company and the industries in which we operate, I will work together with the people in this company to focus on increasing value for our customers and our shareholders.”