p2pnet - rss feed: AOL split in four
p2pnet.net News:- On the heels of its announcement that it’s axing 700 employees, AOL says three senior executives based in Dallas are also leaving.
"In an e-mail to thousands of employees, chief executive Jonathan F. Miller said he intends to, "shake-up an online giant that has been criticized for moving too slowly and not doing enough to foster teamwork," says the Washingon Post, going on:
"In addition to making several personnel changes, Miller said he is splitting the company into four divisions and giving each responsibility for its own operations and financial performance."
On their way, says the Post story, are Lisa A. Hook, "who headed the company’s high-speed, or broadband, initiative"; vice chairman Joseph A. Ripp, "who oversaw technology and marketing"; and Michael J. Kelly, "who served as chief financial officer in the aftermath of the much-maligned merger of AOL and Time Warner".
Ripp is returning to parent company Time Warner, where he worked previously, says the report.
AOL veteran Ted Leonsis will continue as vice chairman and Leonsis will head a new "Audience" division which will, "focus on profiting mostly by selling advertising that reaches users of AOL’s various Web sites and products, including AIM, AOL’s free instant messaging service; Moviefone; Mapquest; Netscape.com; and a revamped AOL.com Web site," says the Washington Post.
The other new divisions include "Access," the largest and taking in the various services AOL sells to get computer users online; AOL Europe, and Digital Services. The latter will focus on new premium services, ranging from phone service over the Internet to subscription music services such as MusicNet, the story states.
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See:-
700 employees - AOL axes 700 employees, p2pnet, November 2, 2004
splitting the company - AOL to be split into four units, Washington Post, November 9, 2004
