Breaking: Google Exec Named Chairman/CEO of AOL

The NYTimes’ Brian Stelter Tweets:

• FLASH: The CEO and COO of AOL are out; Tim Armstrong of Google is in as chairman and CEO.

Marketwatch.com has more:

Time Warner Inc. said late Thursday it named Google Inc
Senior Vice President Tim Armstrong as Chairman and Chief Executive of Time Warner’s AOL unit. AOL’s current Chairman and CEO Randy Falco along with President and Chief Operating Officer Ron Grant plan to leave the company after a transition period.

Falco

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