AOL names board director as new CFO

NEW YORK (AP) ? AOL has harvested a new chief financial officer from its board of directors.

Karen Dykstra, an AOL Inc. board member since 2009, took over the CFO job on Wednesday. She replaces Artie Minson, who AOL promoted to chief operating officer three months ago.

Minson had been handling the CFO duties since his promotion.

Now that she is CFO, Dykstra is relinquishing her seat on AOL's board. Hugh Johnston, Pepsico Inc.'s CFO, is filling that void.

The 53-year-old Dykstra previously served as CFO at the payroll service company Automatic Data Processing Inc.

In her new job, Dykstra will be paid a $700,000 salary and could earn a bonus of up to $700,000. She is also getting AOL stock options and restricted stock valued at nearly $1.2 million.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/495d344a0d10421e9baa8ee77029cfbd/Article_2012-09-19-AOL-New%20CFO/id-fd363d08dcfc4c089d45d657578bf082

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