Time Warner Inc. Announces Departure of Board Member Miles R. Gilburne

Strategic Insights -

Miles R. Gilburne, a veteran member of Time Warner's Board of Directors, has decided not to stand for re-election in 2006. Gilburne will continue to serve in his current capacity until the company's annual meeting of stockholders later that year. The decision marks the end of a decade-long tenure for Gilburne, who played a crucial role in the expansion of America Online (AOL) into a leading online service provider.

Key Takeaways:

  • Miles R. Gilburne, a 54-year-old veteran of the media industry, has decided not to stand for re-election to Time Warner's Board of Directors in 2006.
  • Gilburne, who has been a Director since 2001, will continue to serve until the company's 2006 annual meeting of stockholders.
  • As a Director, Gilburne was instrumental in the growth of America Online (AOL) from 1995 to 1999, where he served as Senior Vice President, Corporate Development.
  • During his tenure, Gilburne was responsible for strategic planning and major corporate acquisitions, joint ventures, and alliances.
  • Gilburne has continued to contribute to the media industry through his involvement with ZG Ventures, LLC, a venture capital and investment company he co-founded in 2000.
  • The company's Chairman and Chief Executive Officer, Dick Parsons, thanked Gilburne for his years of dedicated service, praising his pioneering energy and forward-thinking insights.
  • Gilburne stated that his expertise and skills can be better leveraged in younger companies focused on digital products and services for an increasingly networked world.

Statistics:

  • 10 years: Gilburne's tenure as a Director of America Online from 1999 until the AOL/Time Warner merger in 2001.
  • Decade: Gilburne's combined tenure as Director of Time Warner.
  • 2001: Year Gilburne became a Director of Time Warner following the AOL/Time Warner merger.
  • 2000: Year Gilburne co-founded ZG Ventures, LLC.
  • 1995-1999: Gilburne served as Senior Vice President, Corporate Development at America Online.
  • 54: Age of Miles R. Gilburne at the time of announcement.

Sources:

  • Time Warner Inc., Press Release, "Time Warner's Vice Chairman, Miles R. Gilburne, to Not Stand for Re-election to Board of Directors in 2006", [2006]
  • ZG Ventures, LLC