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Faces Of The Week
Faces Of The Week: July 15 - 19
Forbes.com staff, 07.19.02, 6:14 PM ET
NEW YORK - Doers and doings in business, entertainment and technology:
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| Dorman will take Armstrong's place when he moves over to cable unit. |
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AT&T
(nyse:
T -
news
-
people
) said its president, David Dorman, will succeed C. Michael Armstrong as chairman and chief executive officer when the nation's largest telephone company sells its cable-television business to Comcast
(nasdaq:
CMCST -
news
-
people
). Dorman's appointment, which was widely expected, will become effective once the sale of AT&T Broadband closes later this year. Armstrong, 64, who has been New York-headquartered AT&T's CEO since October 1997, would become chairman of the combined AT&T Comcast cable company. Since joining AT&T as president in Dec. 2000, Dorman, 48, has overseen the company's $40 billion core business and consumer services units, including network services, international ventures and AT&T Labs. He also sits on AT&T's board of directors. More...
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| Foundering AOL won't have Bob Pittman to kick around anymore. |
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AOL Time Warner's
(nyse:
AOL -
news
-
people
) Chief Operating Officer Robert Pittman has called it quits and two veteran Time Warner executives have been promoted to the company's top ranks. The moves come at a time when the comapny is confronting various issues that have driven down its stock to three-year lows. He had been dispatched there in April to help revive the unit, which suffered, then as now, from a complex of advertising malaise, cooling subscriber growth and lethargic migration to high-speed services. HBO head Jeff Bewkes and Time Inc. head Don Logan reportedly have been made Chief Executive Richard Parsons' top deputies.The changes give Time Warner executives much of the control of the company about a year and half after AOL's $106.2 billion deal to buy Time Warner was completed. More...
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| Ex-CEO Nasser: Suave in an era when Yanks sought comfort, his recruits follow him out the door. |
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Ford Motor
(nyse:
F -
news
-
people
) announced on Friday that Brian Kelley, the head of its floundering Lincoln Mercury division, was stepping down in the latest management shakeup at the world's No. 2 automaker. Kelley was one of several young executives recruited by former Chief Executive Jacques Nasser, before his replacement by Bill Ford amid the firm's financial crisis last autumn. Ford announced earlier this month that Karen Francis, another Nasser appointee and the head of its e-commerce division, was also leaving as of August 1. Kelley joined Ford in 1999, originally as head of marketing, sales and service, and ran its global consumer services unit before being named president of the Lincoln Mercury division late last year. The unit had originally been placed under the provisional control of veteran Ford Vice President Jim O'Connor, 0when he was promoted to group VP for North American marketing, sales and service. A company statement said Kelley would be replaced by Darryl Hazel, vice president of Ford's consumer services division. U.S. sales of Lincoln and Mercury brand vehicles are down 16.6% and 18.3% so far this year--quite disproportionate to the industry average. More...
News items can be submitted to Greg Levine at glevine@forbes.net or by calling him at (212) 366-8939.
Use our People Tracker to keep up to date with the activities for any of the above executives and celebrities or some 120,000 others.
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