Tuesday, May 26, 2009
People Networks President Joanna Shields Leaving AOL (With Full Internal Memos)
According to an internal memo obtained by BoomTown, Joanna Shields, who came to AOL via its troubled acquisition of the Bebo social-networking site, will be returning to London to spend more time with her family and to “pursue entrepreneurial interests.”
Until recently, People Networks has been the third leg of the Time Warner-owned online site’s businesses, which also include advertising and content.
But under new CEO Tim Armstrong, who was one of the top sales execs at Google, AOL is largely abandoning its business-unit approach for a more functional and centralized structure.
