Time Warner Announces Board Of Directors For Time Inc. Following Spin-off

(RTTNews) - Time Warner Inc. (TWX) announced the initial 10 members who will be appointed to the Board of Directors of Time Inc. in connection with the planned spin-off of its publishing division.

In March 2013, Time Warner announced plans for the legal and structural separation of Time Inc. from Time Warner through a spin-off. Following the separation, expected to be completed during the second quarter of 2014, Time Inc. will be an independent, publicly traded company.

Current Time Inc. CEO Joseph Ripp will become Chairman of Board, and the other nine members will be independent Directors.

The other Board members include: David Bell, Chairman and CEO, Slipstream Communications LLC; former co-Chairman and CEO of The Interpublic Group of Companies Inc; John Fahey, Non-Executive Chairman and former CEO, National Geographic Society; Manuel Fernandez, Former Executive Chairman, Sysco Corporation; former Chairman, President and CEO of Gartner; Dennis FitzSimons, Chairman, Robert R. McCormick Foundation; former Chairman and CEO, Tribune Company; Betsy Holden, Senior Advisor, McKinsey & Company LLC; former co-CEO, Kraft Foods; Kay Koplovitz, Chairman and CEO, Koplovitz & Company LLC; founder and former Chairman and CEO, USA Networks; Randall MacDonald, CEO, Managing Partner, Windham Mountain Partners; Retired Senior Vice President, Human Resources, IBM; Ronald Rolfe, Former Partner, Litigation, Cravath, Swaine & Moore LLP; Howard Stringer, Former Chairman, President and CEO, Sony Corporation.