AOL New Chairman Tim Armstrong

AOL is giving an send off to the current Chairman and CEO Randy Falco and also to the President and COO Ran Grant . The Chairman Honout goes to Tim Armstrong the Sales king of Google's Advertising Team.

As Armstrong was very key person in the success of Googles advertising team, AOL Management group believes that Armstrong can add good success to the AOL Group.Armstrong joined Google in 2000 served as the president of the Americas Operations.

"Tim is the right executive to move AOL into the next phase of its evolution," Time Warner chairman and CEO Jeff Bewkes said in a statement. "At Google, Armstrong helped build one of the most successful media teams in the history of the Internet--helping to make Google the most popular online search advertising platform in the world for direct and brand marketers."

Bewkes said he will be looking to Armstrong to grow AOL's advertising platform globally and also help Time Warner determine "the optimal structure for AOL." Time Warner has been talking about separating AOL from the rest of the company for more than a year.