Time Warner CFO Joins AOL

With the merger of Time Warner and America Online about to become final, the companies already are paving the way for a smooth transition.

Named CFO for AOL is Joseph Ripp, who previously served as CFO and executive vice president for Time Warner. Before 1999, he held the positions of CFO and treasurer for Time, Inc.

It's only a matter of time, analysts say, before the $129 billion merger is finalized. The new company, named AOL Time Warner, already was approved by the Europeans. To finalize the deal, the company is waiting for the green light from the U.S. Federal Trade Commission.

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