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AOL Promotes Bob Lord in Ad Reorg (Like Re/code Said)

AOL has done what Re/code said last week it would do: On Friday it made AOL Platforms head Bob Lord president of the company, overseeing its newly unified global advertising operations. As a result, Lord’s annual base salary will increase from $750,000 to $800,000 and his bonus target from 100 percent to 125 percent of base salary. The move is part of a broader restructuring of AOL’s sales and content units.

This article originally appeared on Recode.net.