AOL Taps Kumar as New CFO

Internet company calls back Time Warner insider to head corporate finance function.
Stephen TaubFebruary 28, 2007

AOL named Nisha Kumar its new Chief Financial Officer. She replaces Stephen Swad, who last week said he would leave to take a job with a private-equity firm, according to an internal memo cited by several news reports.

Kumar comes to AOL from its parent, Time Warner Inc., where she held senior positions in operations and mergers and acquisitions. AOL generates $8.3 billion in revenues, and is a majority-owned subsidiary of Time Warner. Kumar will report directly to AOL Chairman and CEO Randy Falco.

As vice president, Operations, Kumar worked on a variety of strategic and operational issues across Time Warner’s Internet, cable, networks, filmed entertainmentm and publishing divisions, according to a company announcement. Before that, she was vice president, Mergers & Acquisitions, where she is credited with executing many significant transactions for the company, including Time Warner’s bid for MGM and the sale of Warner Music Group.

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Kumar initially came to AOL in 2001, where she worked on cross-divisional investments with Time Warner. She has also been a vice president at, and was an investment banker at Morgan Stanley.