Barry Schuler, formerly President of AOL Interactive Services, has become Chairman and Chief Executive Officer of America Online, Inc. Mr. Schuler announced today that several executives are taking on new or expanded roles.

Ray Oglethorpe, previously President of AOL Technologies, has been appointed President of America Online, Inc.

Jan Brandt, formerly President of Marketing, has assumed the new role of Vice Chair and Chief Marketing Officer.

Ted Leonsis, previously President of the Interactive Properties Group, has been named Vice Chair and New Product Officer.

Mr. Oglethorpe, Ms. Brandt and Mr. Leonsis will all report to Mr. Schuler.

The Company also made the following announcements:

Jonathan Sacks, previously Senior Vice President and General Manager of the AOL service, has been named President of AOL, overseeing the AOL flagship service.

Audrey Weil, previously Senior Vice President and General Manager of CompuServe, has been named President of CompuServe.

Donn Davis, formerly COO of the Interactive Properties Group, has been appointed President of the Interactive Properties Group, overseeing the local services, AOL Moviefone, DCI and MapQuest, and the instant messaging services AOL Instant Messenger (AIM) and ICQ.

Myer Berlow, previously President of Interactive Marketing, has become President of Worldwide Interactive Marketing, responsible for building the Company’s global advertising, commerce and partner relationships.

Mark Stavish, previously Senior Vice President of Human Resources, has been promoted to Executive Vice President of Human Resource

Randall Boe, previously Vice President and Deputy General Counsel of America Online, has been named Senior Vice President and General Counsel.

Jim Bankoff, previously Vice President of Strategy and Operations for the AOL brand, has been appointed President of Netscape.

Ray Oglethorpe, President of America Online, Inc., said, This management structure fully utilizes the strong talent we have across the Company. We believe we have the right organization, with the right people in place, to lead the industry in the next wave of growth. Our shared infrastructure allows us to very efficiently put significant resources behind key projects and initiatives to ensure that we are meeting consumers’ high standards for ease of use and convenience as well as our partners’ expectations for performance. I’m particularly excited about accelerating the growth of Netscape, CompuServe and our other brands, and about working with Barry and managers throughout our organization to deliver additional benefits to our members and users and to provide hosting and other technology services to businesses within AOL Time Warner.

The Company said that it will continue to manage its operations through its shared infrastructure of groups that provide support across the company and its brands. They include Business Affairs, Corporate Communications, Finance, Human Resources, Interactive Marketing, Integrity Assurance, Legal, Marketing, Member Services, Network and Data Center Operations, Software Development and the newly-created Strategic Business group.