TELECOM Digest OnLine - Sorted: Senior AOL Executives Leaving the Company

Senior AOL Executives Leaving the Company

Anick Jesdanun, AP (ap@telecom-digest.com)
Fri, 15 Dec 2006 14:03:10 -0600

By ANICK JESDANUN, AP Internet Writer

Three senior executives are leaving AOL following a recent shake-up
that brought in a veteran NBC executive as the online company's new
chief executive, two people familiar with the matter said Friday.

The executives are Joe Redling, who is chairman and chief executive of
AOL International, Jim Bankoff, executive vice president for consumer
and publisher services, and John Buckley, executive vice president for
corporate communications.

The company had no official comment. The people who confirmed the
changes spoke on condition of anonymity because they involved
personnel matters not yet announced.

Over the past two years, the company has been giving away more of its
services to drive traffic to its Web sites and boost online
advertising dollars. In August, AOL accelerated the transition by
deciding to give away AOL.com e-mail addresses and software once
reserved for paying customers.

AOL parent Time Warner Inc. later lured Randy Falco, NBC Universal
Television Group's president and chief operating officer, to run AOL
LLC, pushing out Jonathan Miller. Time Warner executives had been
supportive of Miller's efforts to set AOL on a new course, but wanted
someone with operational experience to execute the plan.

Several AOL executives have contractual clauses allowing them to leave
when senior management changes, triggering the departures of Redling,
Bankoff and Buckley, according to the people familiar with the
decisions.

Earlier in the week, Carlo d'Asaro Biondo, the chief executive of
AOL's European operations, announced plans to leave after less than
two months at the helm to take another job. John McKinley, acting
chief technology officer, has previously said he would leave.

The people said the changes were voluntary and unrelated to the
layoffs of about 450 workers at AOL's Dulles, Va., headquarters on
Wednesday.

PaidContent reported the departures on its Web site Friday.

Copyright 2006 The Associated Press.

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