Time Warner Names Howard Averill CFO - Quick Facts

(RTTNews) - Time Warner Inc. (TWX) announced that Howard Averill will become the company's next Chief Financial Officer beginning January 1, 2014. Averill will succeed John Martin when he assumes his new role as Chief Executive Officer of Turner Broadcasting System Inc.

Howard Averill serves as Executive Vice President, Chief Financial Officer of Time Inc, and in addition oversees consumer marketing business. Prior to joining Time Inc. in 2007, Averill was Executive Vice President and CFO at NBC Universal Television. Previous to his 10 years at NBC Universal, Averill was an executive at ITT/ Sheraton Corporation and also held positions with Pepsi-Cola Company and Arthur Andersen & Co.