AOL names new investment head

AOL Time Warner has appointed Dolf DiBiasio as its executive vice president of strategy and investments. DiBiasio will fill a position previously vacated by former investment head Richard Bressler, who left to become chief financial officer at rival media company Viacom. DiBiasio, a former senior partner at consulting giant McKinsey, will report to AOL Time Warner Chief Executive Gerald Levin. In this position, DiBiasio will oversee venture capital operations and overall investments to grow areas of its business.