Schuler steps aside as AOL chief, Pittman tapped –

America Online Inc. (AOL) Chairman and Chief Executive Officer Barry Schuler is stepping down from his post to head a new digital division of AOL Time Warner Inc. (AOLTW), the company said Tuesday.

Schuler, who will become the chairman and chief executive officer of AOLTW's new Digital Services Development Group, will be replaced by AOLTW Chief Operating Officer-elect Bob Pittman. In addition to returning to his spot atop AOL, where Pittman resided before America Online Inc. and Time Warner Inc. merged, Pittman will retain his position as COO-elect, the company said.

The new digital division of the New York company will focus on interactive products which are expected to drive growth for the recently merged company, AOLTW said in a statement.

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