Joanna Shields to leave AOL

Joanna Shields, president of AOL’s People Network division, is to leave the company.

According to a leaked memo on technology news site All Things Digital, AOL People Networks CEO Tim Armstrong said Shields had decided to move back to London.

“Joanna Shields has decided to step down from her role as president of People Networks/European VP of AOL and return to London to reunite her family and explore her entrepreneurial interests,” read the memo.

“At her core, Joanna is a start-up executive, having taken numerous companies through the process of rapid growth and acquisition,” it continued.

Armstrong added that Shields will continue to be an advisor to the company.

Shields joined AOL as CEO of Bebo, which Time Warner bought for $850m (£530m) in March 2008.

AOL was unavailable for comment.

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