AOL Confirms Ned Brody Has Resigned As Head Of AOL Networks, CEO Armstrong Takes Over In The Interim [Memo]

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http://techcrunch.com – Some turmoil in the management ranks at AOL, with Yahoo, apparently, hoping to profit as part of its ongoing hiring spree. AOL (which owns TechCrunch) has confirmed to us that Ned Brody, who had been the CEO of advertising division AOL Networks, has resigned from the company, on the heels of a report in AllThingsD that Yahoo is tapping him to become its new head of sales for North America, a role that has been vacant for the last year. A replacement has not been named for Brody; AOL says that CEO Tim Armstrong will be running Networks in the interim instead. Yahoo has yet to confirm the report (IT news)