Richard Parson’s five-year reign as the CEO of Time Warner could come to an end as early as next week, according to a story published Friday by the Times of London.
The speculation about Parson’s retirement next week stemmed from a board meeting in London on Wednesday and Thursday. Parson’s current contract is set to expire in May of next year.
In the past, Parsons has publicly advocated that COO Jeff Bewkes be his replacement at Time Warner. If Bewkes does succeed Parsons, there has been speculation that he would be open to breaking up the current structure at Time Warner, which could include the sale or complete spin-off of AOL and Time Warner Cable.
