AOL has promoted chief financial officer (CFO) Artie Minson, Jr to the newly-created role of chief operating officer (COO) as part of a reorganisation of the US online services company’s operations.
In his new role, Minson will be involved with the formation of three new operating units at the company: AOL Membership Group, Content Brands Group, and the Advertising.com Group, which the company said will allow it to go deeper on its “focus on profitability, co-ordinated business execution, and resource allocation” across its brands and services. He will report to AOL’s chief executive officer (CEO) Tim Armstrong.
AOL is seeking a successor as CFO to Minson, who will continue to occupy the position until his replacement is announced.
The bank believes that the battered UK currency, recently only just holding above the US$1.20 level, could be trading at US$1.36 by this time next year.
The Middle East oil producer’s debut global bond issue surpassed the total of US$16.5bn raised by Argentina when it tapped the market earlier this year.
The IT research and advisory group forecasts that worldwide IT spending in 2017 will edge 2.9% higher to total US$3.5 trillion.
The business group says that the UK’s withdrawal from the EU puts nearly US$600bn of investment at risk, according to a Financial Times report.