AOL Time Warner Names William B. Grogan, Jr. Senior Vice President, Global Marketing Solutions.

Business Editors

NEW YORK--(BUSINESS WIRE)--Dec. 16, 2002

AOL Time Warner Inc. (NYSE:AOL) today announced the appointment of William B. Grogan Jr., former Director, Coca-Cola Brands, The Interpublic Group of Companies, as Senior Vice President of Marketing in the Company's Global Marketing Solutions group.

Reporting to Michael J. Kelly, President of AOL Time Warner's Global Marketing Solutions group (GMS), Bill Grogan will be responsible for leading all GMS's marketing teams as they work with clients and the AOL Time Warner divisions to develop and implement unique cross-platform solutions that take full advantage of the Company's diverse entertainment and media assets.

"We're delighted to have Bill join our team and bring his broad knowledge and experience to the Global Marketing Solutions group," said Mr. Kelly. "Bill's talents and deep understanding of brand marketing and his experience in developing unique solutions for some of the world's most well-known brands will be a tremendous asset for AOL Time Warner."

Mr. Grogan said: "It is exciting to join AOL Time Warner's Global Marketing Solutions team, and I look forward to helping create smart solutions for our marketing partners. AOL Time Warner's business are the market leaders in media and entertainment, and it has been my experience that clients have a strong interest in working across these platforms to reach consumers in new and effective ways."

Since January 2001, Mr. Grogan was responsible for day-to-day management of Interpublic's relationship with the Coca-Cola Company. In this capacity he served as Worldwide Account Director on the flagship Coca-Cola brand account, on behalf of IPG's McCann-Erickson Worldwide unit.

Prior to his position at Interpublic, Mr. Grogan was Executive Vice President and Group Managing Director at McCann-Erickson, New York, where he had global responsibility for the Johnson & Johnson Consumer Products portfolio as well as the J&J Corporate assignment. Additionally, Bill managed the Lowe's (Home Improvement) and Ferrero (TicTac, Rocher) accounts.

Mr. Grogan joined McCann in 1987 as an Account Supervisor on the Coca-Cola account. By 1992 he had assumed the role of Senior Vice President, Management Representative, with responsibility for the entire Coca-Cola sugar-cola portfolio. He later managed the Heublein, Nestle and Nabisco accounts at McCann. Prior to joining McCann, Bill was with BBDO, initially as a Media Planner and later as an Account Executive on the Agency's Lever (Household Products) and General Electric (Consumer Electronics) accounts.

Mr. Grogan received a BA from Columbia University in 1981.

About AOL Time Warner

AOL Time Warner Inc. is the world's leading media and entertainment company, whose businesses include interactive services, cable systems, filmed entertainment, television networks, music and publishing.