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 “sad truth” of banking is that many jobs will be automated in the future, Deutsche Bank's chief executive said yesterday. Despite this, a recent survey found that 98% of European workers are optimistic about the changes automation will bring to their workplace.
India's gross domestic product (GDP) growth failed to meet expectations in Q2 as it slumped to 5.7%. However, India's IT industry is thriving. It contributes roughly 10% to the country's GDP and makes up about 25% of exports.
From music festivals to motor racing, events and festivals are an integral part of the move to a cashless society, reports SIX Payment Services.
The US Federal Deposit Insurance Corporation is suing nine European banks for allegedly contributing to the collapse of 39 US banks that had a collective value of more than $440bn (€375.6bn).