Bewkes to head Time Warner

Time Warner will get a new CEO on January 1st, with Jeff Bewkes moving up from President and COO. Current CEO Richard Parsons will remain as Chairman. "Jeff is the right person to be the next CEO of Time Warner, and I couldn't be more delighted that he will lead this company into the future," said Parsons.
"Today's decision is the culmination of a thoughtful and disciplined process that began in early 2006, when Dick Parsons initially approached the Board to discuss the timetable for the CEO succession. The Board is delighted that Jeff Bewkes will be the next CEO and that Dick Parsons will continue to serve as Chairman of the Board," said Robert C. Clark, Chairman of the Nominating and Governance Committee, on behalf of the Board of Directors.