New York (NY) – Google’s senior vice president, Tim Armstrong, has found a new, more personally profitable home. As of yesterday, Armstrong is America Online’s (AOL) newest Chairman and CEO, replacing Randy Falco. In addition, AOL’s President and COO, Ron Grant, also plans to leave the company after a transition period.
Time Warner Chairman and CEO, Jeff Bewkes, said in the press release:
“Tim is the right executive to move AOL into the next phase of its evolution. At Google, Armstrong helped build one of the most successful media teams in the history of the Internet — helping to make Google the most popular online search advertising platform in the world for direct and brand marketers. He’s an advertising pioneer with a stellar reputation and proven track record. We are privileged to have him preside over AOL as its audience and programming businesses continue to grow and its advertising platform expands globally. He’ll also be helpful in helping Time Warner determine the optimal structure for AOL.”
“I’m very excited about the opportunities presented in leading AOL. AOL has a wide-ranging set of assets and audience. The company is well positioned to enhance those assets into a larger share of the Internet audience and advertiser communities. AOL and Google have been partners for years and I look forward to collaborating with Jeff Bewkes and his team as we explore the right structure and future for AOL.”
Armstrong started at Google in the year 2000 and opened the first office outside of the Mountain View, CA headquarters. He was a member of Google’s Operating Committee and served as the president of the Americas Operations. Under the Americas Operations, his team managed publishers and advertisers’ relationships and platforms with some of the world’s most widely recognized media and agency brands.
Armstrong came to Google from Snowball.com, where he was VP of sales and strategic partnerships. Prior to his role at Snowball.com, he served as director of integrated sales & marketing at Starwave’s and Disney’s ABC/ESPN Internet Ventures, working across the companies’ Internet, TV, radio, and print properties. He started his career by co-founding and running a newspaper based in Boston, MA, before joining IDG to launch their first consumer Internet magazine — called I-Way.
Armstrong presently sits on the boards of the Interactive Advertising Bureau (IAB), the Advertising Council, and the Advertising Research Foundation, and is a trustee at Connecticut College and Lawrence Academy. He is a member of Mayor Bloomberg’s MediaNYC 2020 committee. He is a graduate of Connecticut College, with a double major in economics and sociology.