TW exec Grant tapped as AOL president, COO

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New AOL chairman and CEO Randy Falco on Tuesday named Ron Grant president and chief operating officer as shares of corporate parent Time Warner Inc. hit a 52-week high.

AOL veteran Grant most recently was senior vp operations at the world's largest media and entertainment company, working closely with TW president and chief operating officer Jeffrey Bewkes on strategy, digital initiatives and operational efficiencies.

The company said he also played an important role in putting together AOL's new advertising-focused strategy.

"I'm very pleased that Ron Grant has agreed to become the point person on my AOL management team," Falco said. "With his deep knowledge of the AOL business and Internet industry as well as his many relationships across Time Warner, Ron will be critical to our efforts to execute against AOL's new strategy."

Bewkes lauded the "complementary and shared skills as well as proven track records" of Falco and Grant, saying this will allow the duo "to take AOL to the next level of operational execution."

Grant said that he is confident that "AOL will return to robust, profitable growth."

Before moving to his recent TW role, Grant was senior vp business affairs and development at AOL.

Before AOL, he was a partner in the communications and entertainment practice of Mercer Management Consulting. He specialized in creating and managing growth strategies for clients in the Internet, telecommunications and media industries.

TW shares on Tuesday rose 0.49% to $20.68 after going as high as $20.74 — a new year-high — in intraday trading.
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