AOL Time Warner has found a new boss for its internet division. The company has confirmed that Jon Miller, a top executive from USA Interactive, will start immediately as chairman and chief executive of AOL.
He replaces Robert Pittman, the parent companys chief operating officer, who resigned from his position at the top of AOL - one of the worlds biggest internet service providers - in July.
In recent months, several senior executives have left the company as it has come under great pressure to justify the benefits of the merger to shareholders as share prices have plunged.
The internet division has faced its own particular bag of problems.
Mr Millers challenge will be to steer the internet company to continued profit through a sea of declining advertisement revenues.
At the same time, AOL faces an inquiry by the Securities and Exchange Commission (SEC) into its accounting practices.
Mr Millers appointment has met with a subdued reaction from investors and analysts.
News source: BBC - AOL gets new boss