Time Warner extends chief's contract to 2017

November 20, 2012
Media and entertainment giant Time Warner said it was extending the contract of its chairman and chief executive Jeff Bewkes, pictured in January 2012, through 2017.

Media and entertainment giant Time Warner said Tuesday it was extending the contract of its chairman and chief executive Jeff Bewkes through 2017.

Stephen Bollenbach, lead independent director of the Time Warner board, said Bewkes, who was named CEO in 2008 and chairman in 2009, "is a proven visionary when it comes to navigating the digital landscape."

"Since becoming CEO in 2008 he has led the transformation of the company into a content-focused powerhouse while at the same time significantly increasing shareholder value."

Time Warner's assets include the Entertainment division, the Turner Broadcasting group, and the publishing operations of .

In a statement, Bewkes said: "It is a pleasure to work with such a dedicated board of directors and I appreciate their confidence in me and in the strategy we have formulated to drive the company's growth."

Bewkes' base salary and bonus target will remain unchanged. His calls for long-term incentive awards that are tied to future financial and shareholder returns, the company said.

Explore further: AOL names former Google executive as CEO

Related Stories

AOL names former Google executive as CEO

March 12, 2009

(AP) -- An executive from Google Inc. is becoming the latest CEO of AOL, raising hopes that he will be able to turn around Time Warner Inc.'s struggling Internet unit.

Time Warner profits top forecasts

August 4, 2010

Media and entertainment giant Time Warner on Wednesday reported better-than-expected profits of 560 million dollars in the second quarter.

Time Warner picks Digitas CEO to run magazines

December 1, 2011

Time Warner on Wednesday named Laura Lang, chief executive of digital marketing agency Digitas, to run its extensive stable of magazines, which includes Time, People and Sports Illustrated.

HBO stops selling DVDs to Netflix

January 5, 2012

(AP) -- HBO fired a shot across Netflix's bow this week, confirming it will no longer sell discounted DVDs of hit shows like "Boardwalk Empire" to the subscription video service.

Recommended for you

Tech leaders warn over 'killer robots' (Update)

July 28, 2015

A group of top tech leaders, including British scientist Stephen Hawking and Apple co-founder Steve Wozniak, on Tuesday issued a stern warning against the development of so-called killer robots.

Where is solar power headed?

July 22, 2015

Most experts agree that to have a shot at curbing the worst impacts of climate change, we need to extricate our society from fossil fuels and ramp up our use of renewable energy.

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.