Top AOL Executive To Relinquish Post

AOL’s (NYSE:AOL) Chief Operating Officer Arthur Minson has made the decision to seek greener pastures, the company said in a statement Thursday. Susan Lyne will be resuming his responsibilities at the company. Lyne was formerly the chairman of Gilt Group Inc, and will remain vice chairman of that company, AOL said.

Minson was charged with the responsibility of managing the brands under AOL’s umbrella. Upon his promotion to COO last June, he was given the task of reorganizing the company’s operations into a consumer products group that includes the Internet access business and e-mail service; content brands, including Huffington Post and TechCrunch; and, its business-to-business advertising group, according to Bloomberg. Lyne will maintain the role as brand manager, with the exception of the Huffington Post, which will continue to be run by its founder, Arianna Huffington.

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“In his role first as CFO and most recently as COO, Artie has done an extraordinary job of optimizing AOL’s assets and has created a tremendous amount of value for shareholders. Artie has played a key role in the turnaround of AOL and that will continue in 2013 during the transition period,” said Tim Armstrong, CEO of AOL. Minson was widely credited for AOL’s complete 180 from a failing company into the now profitable enterprise…

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