Saturday, February 17, 2007

AOL CFO To Leave As Layoffs Continue

Sara Kehaulani Goo writes in The Washington Post:

AOL said yesterday that its chief financial officer, Stephen Swad, plans to leave the firm for a position at a private-equity firm.

In an e-mail memo to employees, AOL chief executive Randy Falco said Swad was "ready for new and different challenges" after four years at the Dulles company. AOL declined to name Swad's new employer. Falco said in the memo that AOL planned to name a replacement for Swad soon.

More here.

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