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Gilburne Won’t Seek Re-Election to Time Warner Board

Jan 17, 2006  •  Post A Comment

Miles Gilburne has decided not to stand for re-election to Time Warner’s board of directors, the company announced Tuesday. Mr. Gilburne, a managing member of venture capital and investment firm ZG Ventures, will continue to serve on the board until the company’s annual stockholders meeting in May.

His exit will leave 13 directors on the board, which prefers to have between 12 and 16 members. The board will make the decision whether or not to replace Mr. Gilburne.

Time Warner Chairman and CEO Dick Parsons thanked Mr. Gilburne for his service. “Our company has greatly benefited from his pioneering energy and forward-thinking insights. We will also miss his intelligence and creativity. We wish him well.”

Mr. Gilburne said: “I have concluded that my expertise and skills can best be leveraged at this time as a participant in younger companies with a more exclusive focus on digital products and services for an increasingly networked world.”

From 1995 to 1999, Mr. Gilburne was senior VP of corporate development for America Online. He became a director of America Online in 1999 and stayed on the board after the AOL/Time Warner merger in January 2001.