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AOL appoints Google executive as chief

Time Warner is turning to the man who helped transform Google into the most powerful online advertising business in the world to fix its struggling AOL internet division.

In its second management upheaval in two years, the company that owns the Warner Bros movie studio and CNN has lured Tim Armstrong, the president of Google’s North American sales team, to be chief executive of AOL.

Time Warner is hoping Mr Armstrong will help it decide what to do with a division that has sought to restructure from a dial-up internet services business into an advertising one-stop hop, but has continued to trail rivals in key areas.

Randy Falco, former chief executive of AOL, and Ron Grant, former president, are to leave the company. They were ousted from the company after failing to stem a precipitous drop in online ad sales that is expected to continue through 2009, one person familiar with the matter said.

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This article was originally posted on FT.com

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