Time Warner Expands Board to 12 with Election of Former Kelloggs CEO

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Carlos Gutierrez served as U.S. Secretary of Commerce during George W. Bush administration

Time Warner has expanded its board of directors to 12 members with the election of former Kelloggs chairman-CEO Carlos Gutierrez.

Gutierrez served as U.S. Secretary of Commerce during the George W. Bush administration, and was a vice chairman at Citibank. At present he’s vice chairman of consulting firm Albright Stonebridge Group.

“Carlos is a great addition to our board, bringing his experience as a successful and innovative business leader, as well as an invaluable perspective on international and domestic markets gained through his other roles,” Time Warner chief exec Jeff Bewkes said.

Said Gutierrez: “This is an exciting time to be in the media content  business and at Time Warner in particular, and I’m thrilled to be part  of it.”

Time Warner emphasized in announcing Gutierrez’s election that 11 of its 12 board members are independent directors, a key metric for corporate watchdog orgs.

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