No. 3 Shake-up at the top of AOL
Just days before new CEO Randy Falco was set to unveil a major restructuring for AOL, four senior executives quickly announced their intention to leave the company. The departure of Joe Redling, Chairman of AOL International and President of AOL Mobile; James Bankoff, Executive Vice President of Programming and Products; Randy Boe, former General Counsel and Executive Vice President of Consumer Advocacy and Privacy; and John Buckley, Executive Vice President of Corporate Communications comes at a time when AOL must adopt a new business strategy in order to survive. The mass exodus was rumored to be a result of the hasty expulsion of CEO Jonathan Miller and the announcement that Vice Chairman Ted Leonsis was stepping-down. Already a company in transition, perhaps this is foreshadowing major changes to come for AOL?