AOL's Case Exits Time Warner Board
October 31, 2005 at 8:28 AM (PT)
One of the key players in the fateful AOL-TIME WARNER merger of 2000, AMERICA ONLINE co-founder STEVE CASE, has resigned from TIME WARNER's board of directors. CASE, the company's former Chairman, earlier this year formed REVOLUTION LLC, an investment company aimed at health care and wellness businesses. The company sold WARNER MUSIC GROUP but remains active in the radio/music space through its AOL streaming Internet radio services.
The company's official statement from Chairman/CEO DICK PARSONS said "(o)n behalf of TIME WARNER's Board of Directors and senior management team, I thank STEVE CASE for his years of distinguished service to our company. We have great respect for his long record of achievement - as a co-founder of AOL to a valuable member of our board. As STEVE is one of our major individual shareholders, we'll look forward to his wise counsel as the company continues to move forward. He will be missed."