AOL's Leonsis to Step Down

20 September 2006

DULLES, Virginia: US internet giant AOL, part of the Time Warner media empire, has announced vice chairman Ted Leonsis is to step down from active management by the year end.

Leonsis, who is credited with turning the company from a subscriber-funded dial-up internet service into an advertising-supported web business, will continue as a "strategist and visionary for AOL" as he spends more time on his other interests including sports teams and film-making.

His decision comes 13 years after he joined the AOL company when it acquired his new-media marketing company, Redgate Communications.

Data sourced from Adweek (USA); additional content by WARC staff