AOL Time Warner announced a senior management succession plan. Under this succession plan, Richard Parsons, Co-Chief Operating Officer, will become Chief Executive Officer of the Company, and Robert
Pittman, now Co-Chief Operating Officer with Parsons, will become the sole Chief Operating Officer. Steve Case will continue to have an active role as Chairman. This comes after the announcement that
chief executive GERALD LEVIN will retire in May 2002. --
Adam Bernard
