AOL APPOINTS HUGH F. JOHNSTON TO BOARD OF DIRECTORS
Sep 19, 2012
New York, NY, September 19 – AOL Inc. (NYSE: AOL) today announced the appointment of Hugh F. Johnston, Executive Vice President and Chief Financial Officer of PepsiCo, to AOL's Board of Directors. Johnston brings more than 25 years of finance and general management experience to AOL's Board, including M&A, marketing, finance and strategy positions at PepsiCo and Merck Medco.
"We are thrilled to welcome Hugh to the AOL Board," said Tim Armstrong, Chairman and CEO. "Hugh's financial expertise and consumer industry experience makes him a great addition to the Board. He has a strong track record of results as a transformational leader, and we look forward to benefiting from his perspective as we continue to drive the execution of our business strategy and deliver value to our shareholders."
As previously announced, AOL has an active search for independent Board members. Hugh compliments the AOL Board's leadership, which spans media, internet/technology, brands and finance.
Hugh Johnston said, "AOL sits at the unique crossroads of technology, media, finance, and consumers. I believe the company has a strong future and I'm honored to join this prestigious board."
About Hugh F. Johnston
Mr. Johnston, 51, has served as Executive Vice President and Chief Financial Officer of PepsiCo since 2010. In his current role, he is responsible for providing strategic financial leadership; ensuring PepsiCo's capital structure, financial systems and controls; and forecasting models that will support the company's growth and expansion. As a member of the executive leadership team, Johnston also builds financial infrastructure, oversees risk management, and upholds PepsiCo's finance and accounting policies and procedures. Johnston joined PepsiCo in 1987 and has held a number of increasing leadership roles, including Executive Vice President, Global Operations; President, Pepsi-Cola North America; Senior Vice President, Transformation; and Senior Vice President, Mergers and Acquisitions. Johnston left PepsiCo from August 1999 through March 2002 to pursue a general management role as VP, Retail, at Merck Medco, leading the company's retail pharmacy card business. He holds a master of business administration degree from the University of Chicago and a bachelor's of science degree in finance from Syracuse University.
AOL Inc. (NYSE:AOL) is a brand company, committed to continuously innovating, growing, and investing in brands and experiences that inform, entertain, and connect the world. The home of a world-class collection of premium brands, AOL creates original content that engages audiences on a local and global scale. We help marketers connect with these audiences through effective and engaging digital advertising solutions.