NEW YORK– AOL (NYSE: AOL) today announced the appointment of Karen Dykstra as Chief Financial Officer. Dykstra will serve as a key member of the executive team in optimizing shareholder value by providing strategic leadership for the company’s financial functions including accounting, treasury, tax, financial planning and analysis and investor relations. She will be responsible for the company’s short and long-term financial objectives in support of the business strategy. Dykstra served on the company’s board of directors since December 2009, and fills the role vacated by Artie Minson following his promotion this June to Chief Operating Officer. Dykstra will be based in New York and report to Tim Armstrong, Chairman and CEO.
“As AOL drives growth and profitability across our businesses, Karen’s experience will be critical to our success,” said Armstrong. “My team is in place, the company is returning to growth and the market is taking notice. It’s full steam ahead for AOL and our stable of brands.”
Dykstra is a former partner at Plainfield Asset Management LLC and held leadership positions with the company from 2006 to 2010, including Chief Operating Officer and Chief Financial Officer of Plainfield Direct Inc. Prior to joining Plainfield, Dykstra was the Chief Financial Officer of Automatic Data Processing, Inc. from 2003 to 2006 and acted as the Principle Financial Officer from 2001 to 2003. Her career spanned 25 years with the company. In addition to AOL, she serves on the board of directors of Gartner, Inc. and Crane Co.
“Being an AOL board member has allowed me to contribute to the broader strategy during a critical time for the company,” said Dykstra. “It’s the perfect moment to join Tim’s leadership team and start to participate on the operational side.”