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Article: AOL Time Warner Board of Directors Unanimously Elects Dick Parsons Chairman/CEO; Board Reaffirms Its Strong Governance Measures.
- Article from:
- Business Wire
- Article date:
- January 16, 2003
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Business and Technology Editors
NEW YORK--(BUSINESS WIRE)--Jan. 16, 2003
The Board of Directors of AOL Time Warner Inc. (NYSE:AOL) today announced that it will combine the positions of Chairman and Chief Executive Officer and unanimously elected Dick Parsons to that post. The appointment will become effective at the May 16, 2003 Annual Meeting of Shareholders.
In making this announcement, the Board reaffirmed its strong governance measures, which include executive sessions of all non-management directors without the CEO and other management present. These executive sessions are held in conjunction with every Board meeting and are chaired in ...