(Fixes spelling of Gilt.com in second paragraph)
Feb 28 AOL Inc appointed board director
Susan Lyne on Thursday to head up its portfolio of brands,
including TechCrunch and Mapquest.
Lyne, who is vice chairman of the online clothing flash sale
site Gilt.com, will leave her position on the AOL board to
oversee advertising and publisher relationships and to grow
traffic as the Brand Group CEO.
Arianna Huffington, whose Huffington Post website falls
under the Brand Group, will continue to report to AOL Chief
Executive Tim Armstrong.
A well known media executive, Lyne was the former chief
executive of Martha Stewart Living Omnimedia and president of
ABC Entertainment. AOL plans to fill her spot on the board after
she steps down, a spokeswoman said.
In a statement, AOL said its Chief Operating Officer Arthur
Minson, who is responsible for all AOL's business units - the
Brand Group, AOL Networks and Membership Group - "will stay with
the company for a transition period."
An AOL spokeswoman declined to say if or when Minson was
leaving the company.
"I have decided to stay and continue to work closely with
Tim during this transition period," Minson said in a statement.
AOL has tapped its board members for key executive roles
before. Karen Dykstra was appointed Chief Financial Officer last
year after serving on the AOL board from 2009 until 2012.
(Reporting by Jennifer Saba in New York; Editing by Bernadette