Herbert Allison elected to Time Warner board

Board now has 13 directors

Time Warner said Thursday that Herbert Allison was elected to its board of directors. Allison served as president and CEO of the Teachers Insurance and Annuity Association - College Retirement Equities Fund from 2002 until this past April. Previously, he spent 28 years with Merrill Lynch, where he last served as COO. With Allison's election and the retirement of director Francis Vincent Jr. earlier this year, TW's board has 13 directors.