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AOL logs exec departures

Bankoff, Redling, Buckley to depart online company

Three AOL executives who reported to former CEO Jonathan Miller will leave as part of a reorganization of the Time Warner Inc. unit.

Jim Bankoff, AOL’s exec veep of programming; chief marketing officer Joe Redling; and spokesman John Buckley will quit. Reorg will be made public at the beginning of next week.

Time Warner CEO Richard Parsons is tightening his grip on the Internet unit. He replaced Miller with Randy Falco, a television veteran from NBC, last month in a plan to revamp the company and boost online advertising. Ron Grant, who helped Time Warner president Jeff Bewkes craft the plan, returned to AOL to assist Falco.

AOL has eliminated 5,000 jobs, or 26% of its workforce, since August by cutting positions, closing call centers and selling European Web access units.

Exec VP Kevin Conroy, ad sales topper Mike Kelly and chief financial officer Stephen Swad will remain at the company.

Chief technology officer John McKinley, who returned to the role in August on a temporary basis, will leave at the end of the year when his contract expires. His departure is unrelated to the restructuring.

A Time Warner spokesman declined to comment on the changes.