Guru Gowrappan, who has been president and chief operating officer of Oath since. Green Days Billie Joe Armstrong, Rancids Tim Armstrong form supergroup called Armstrongs. Shares of Verizon were marginally down at $54.13 in afternoon trading. Tim Armstrong is out as CEO of Oath, Verizons mishmash of AOL and Yahoo. Operation Ivys Jesse Michaels and Tim Armstrong Reunite to Perform 'Sound System' Only the second time the show have shared a stage since the bands disbandment in 1989. Verizon declined to comment, while Armstrong did not immediately respond to a request for comment. Last year, Verizon had shown interest in acquiring a significant part of Rupert Murdoch’s Twenty-First Century Fox Inc’s assets, which was finally sold to Walt Disney Co. “It’s just a mismatch between a large, bureaucratic corporate culture and an entrepreneurial, decentralized, flat culture DNA of Tim Armstrong,” said Raj Das at executive search firm Buffkin/Baker. Unfortunately, that makes it harder for them to compete.”Īrmstrong headed AOL from 2009 to 2015, and was instrumental in the company reporting its first quarterly revenue growth in eight years in 2013. “Phone companies are subject to stricter rules around data privacy – some legal, some self-imposed – than are companies like Google and Facebook. “Tim is as good as it gets in digital media, but the issue is less one of leadership than it is of the fit between digital advertising platform and a phone company,” MoffettNathanson analyst Craig Moffett said. Oath owns more than 50 brands, including HuffPost, TechCrunch and Tumblr, but has failed to make an impact in the space occupied by Facebook Inc and Alphabet Inc’s Google.Īt Verizon, Armstrong had been working on building AOL’s expertise in placing text and video ads on mobile phones. Septem6:23am Sipa via AP Images Tim Armstrong, CEO of Verizon ’s internet content unit, Oath, is reportedly negotiating his exit from the company. telecom company acquired the core business of Yahoo and merged it with AOL. wireless carrier, the Wall Street Journal reported on Friday, citing people familiar with the matter.Īrmstrong came to Verizon in 2015 following its takeover of AOL and headed Oath, which was created last year after the No.1 U.S. (Reuters) – Verizon Communications Inc’s head of media and advertising business, Tim Armstrong, is in talks to leave the U.S.
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