AOL CEO Randy Falco Introduces New Management Team

Once again, it's a new beginning for AOL as chief executive Randy Falco announced his new executive team.

The new team, introduced Monday, is headed by longtime AOL/Time Warner executive Ron Grant. Falco stressed that the new leadership will be at AOL for the long haul. "I'm not in here for a short ride," Falco told the New York Times.

The latest management iteration at AOL follows an exodus of four top executives late last week as the firm cleared its management decks for the new team. The previous team -- put in place months ago -- was directed by Jonathan Miller.

AOL's parent Time Warner is betting that Falco's management skills and advertising background will pay off for AOL as it shifts its revenue-producing strategy from paid subscriptions to online advertising.

Grant, who has worked at AOL and Time Warner for nearly a decade, is the chief operating officer. Kevin Conroy, formerly VP of products, marketing, and distribution, will now focus on products only. Bill Wilson will work on programming, and Balan Nair is AOL's new chief technology officer. Michael Kelly will focus on media networks while Kim Partoll will work on paid subscriptions.