Lerer, Adler Get New Roles in AOL Reorganization
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Lerer, Adler Get New Roles in AOL Reorganization

A week after taking over as chief executive at AOL Time Warner, Richard Parsons made a series of executive changes that included handing the reins of the company’s corporate communications function to Edward Adler.

Paul Holmes

NEW YORK, May 28—A week after taking over as chief executive at AOL Time Warner, Richard Parsons made a series of executive changes that included handing the reins of the company’s corporate communications function to Edward Adler, who had worked closely with Parsons at Time Warner.
 
Former AOL executive Ken Lerer, who had led the corporate communications function, has been promoted to a newly created position, executive vice president, office and CEO, and will work with Parsons and chief operating officer Bob Pittman on “all facets of the business,” according to an internal memo from Parsons.
 
John Martin, vice president of investor relations, who like Adler had previously reported to Lerer, will now report to chief financial officer Wayne Pace.
 
Bob Kimmit, executive vice president of global and strategic policy, and Bill Raduchel, chief technology officer, will also report to Parsons. The two executives, who originated from AOL, previously reported to chairman Steve Case.
 
The changes were widely interpreted as a consolidation of power among former Time Warner executives, despite the fact that AOL technically acquired the “old media” when the two companies came together in 2001.
 
“These changes represent my intention to manage the company through a focus on three areas: our financial performance, our strategy and our people,” said Parsons in the memo.
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