AOL Moving Executives, Headquarters To New York
AOL, the Dulles-based Internet pioneer, yesterday said it was moving its headquarters to New York, transferring the leadership of a company that fueled the growth of the Washington area's technology industry over the past decade.
The company said that while senior executives would depart for Manhattan, most of the 4,000 employees at the Dulles campus would remain. The shift is the latest step in the company's transformation from a provider of dial-up Internet access to one focused on online advertising.
Local technology executives said the departure of the headquarters staff would likely trigger an exodus of talent from Dulles, but there was debate about whether the exits would diminish the region's status as a technology center or reinvigorate it, as former employees form or join other start-ups.
Former AOL executives in the past have helped create a local network of technology firms, signing on with companies in online music, Internet phone service, and other Web technologies, with varying degrees of success.
"I would anticipate the move will only accelerate the ongoing exodus of management talent in the company," said Adam Lehman, formerly an AOL senior vice president and now a Baltimore venture capitalist.
Edited 2 time(s). Last edit at 09/18/2007 11:54AM by Lurker..