It's official, Time Warner TWX (NYSE) announced that its Board of Directors has elected Jeffrey L. Bewkes as Chief Executive Officer of Time Warner Inc., effective January 1, 2008. Bewkes currently President and Chief Operating Officer will retain the title of President. Bewkes will succeed Richard D. Parsons as CEO, and Mr. Parsons will remain as Chairman of the Board.
There may be real changes ahead for Time Warner. Stay tuned
For more:
Time Warner Release
LA Times
Times Online UK
Marketwatch
The Register
CNBC
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