You are here: silicon.com > Management > IT Director

AOL Time Warner CFO downgraded

Sent to divisional backwaters...

By John Oates

Published: 2 November 2001 13:40 GMT

AOL Time Warner's chief financial officer has paid the price for his company's disappointing year.

Michael Kelly will take up his new role as chief operating officer at America Online, the company's internet division, and will be replaced as CFO by Wayne Pace.

Pace is currently with Turner Broadcasting Systems, another AOL Time Warner company.

AOL Time Warner was forced to issue a profits warning in September when it revised its expected earnings increase, down from 30 per cent to 20 per cent.

The company insisted the change of personnel was unrelated to its financial performance.

Add comment

Print story with

Email story

AOL Time Warner issues warning

AOL subscribers pass five million mark

AOL beats Wall Street's gloomy forecasts

AOL hackers get on Case's case

Case ousted, case closed

In silicon.com

Commentary

Simon Moores Why I'm planning a change of career IT just isn't fun any more…

Martin Atherton Time to green-light sustainable IT But think it through first…

Latest News

BlackBerry ready to burst into new pastures

UK failing to respect computing heritage

Yahoo! 'Boss' offers up search to build on

Five ways Microsoft could change after Gates

CIOs not taking security breaches seriously

Exclusive: UK's top CIO revealed

Jobs

Web Development Officer / Web Developer

Web Development Officer / Web Developer Salary: 30,000. SCIE is looking for a Web Developer / Web Development Officer to help us deliver our new ...

HR Officer - Hitchin, Hertfordshire

My client, based in Hitchin, Hertfordshire, is seeking a confident HR officer who is looking for the next step in their career. This role will report ...

Project Manager Officer - Investment Bank

Huxley Associates are looking for a Project Manager Officer to join a leading Investment Bank. The role will see the selected candidate being ...

Special Report Focus

CIO50 2008
The silicon.com CIO50 2008 profiles the most influential and innovative tech chiefs in the UK across all industries and organisation size, from the biggest FTSE100 companies to high growth dot-com start ups and the public sector. The list was voted on by the UK CIO community and a panel of experts. Find out more in our latest special report.