Time Warner extends chief's contract to 2017

Nov 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: Alibaba surges in Wall Street debut (Update)

add to favorites email to friend print save as pdf

Related Stories

Time Warner picks Digitas CEO to run magazines

Dec 01, 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.

Time Warner profits top forecasts

Aug 04, 2010

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

AOL names former Google executive as CEO

Mar 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.

HBO stops selling DVDs to Netflix

Jan 05, 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

Alibaba makes Wall Street debut

Sep 19, 2014

Alibaba made its long-awaited Wall Street debut Friday on the heels of a record stock offering that opens the door to global expansion for the Chinese online retail giant.

Alibaba IPO to boost employee fortunes to $8 bn

Sep 19, 2014

Employees of Chinese e-commerce giant Alibaba will see their fortunes swell to nearly $8 billion as the company prepares a massive US stock offering that could be valued at $25 billion.

Alibaba mega IPO caps founder Jack Ma success tale

Sep 19, 2014

When Jack Ma founded Alibaba 15 years ago he insisted the e-commerce venture should see itself as competing against Silicon Valley, not other Chinese companies. That bold ambition from a time when China was ...

User comments : 0