Time Warner Inc. (NYSE: TWX) announced that its Board of Directors has elected William P. Barr to join the Board, effective today. Mr. Barr, 59, is a former Attorney General of the United States and a former senior executive at Verizon Communications Inc.
Jeff Bewkes, Chairman and CEO of Time Warner, said: “I’m delighted that Bill Barr is joining our Board. Bill brings all the personal qualities we seek in directors, including integrity and sound judgment, as well as significant industry knowledge and executive experience. I’m confident he’ll make important contributions to our Board as we continue to build the world’s leading content company.”
Robert C. Clark, who chairs the Nominating and Governance Committee of the Time Warner Board, said: “The Board is very pleased to welcome Bill Barr as our newest member. Bill is widely respected for his intelligence and character. His experience in technology and communications, as well as his background as a senior official in government and business, make him a valuable addition to our Board.”
Mr. Barr said: “I’m honored to join Time Warner’s Board of Directors. This is a great company, and I’m looking forward to working with management and my new colleagues on the Board to help the company build value for its stockholders.”
With today’s election of Mr. Barr, as well as the recent retirement of Reuben Mark and Richard D. Parsons and resignation of Herbert M. Allison, Jr. to accept a senior position in the United States Department of the Treasury, Time Warner’s Board now has 11 members, 10 of whom are independent directors. In addition to Mr. Bewkes, Mr. Clark and Mr. Barr, the members of Time Warner’s Board are James L. Barksdale, Stephen F. Bollenbach, Frank J. Caufield, Mathias Döpfner, Jessica P. Einhorn, Michael A. Miles, Kenneth J. Novack and Deborah C. Wright.
About William P. Barr
After working at the White House and in private law practice from 1978 through 1989, Mr. Barr joined the U.S. Department of Justice, where he rose to serve as the 77th Attorney General of the United States from 1991 to 1993.
Mr. Barr briefly returned to private practice and then, in 1994, joined GTE Corporation as its General Counsel, where he served for six years. In 2000, GTE Corporation and Bell Atlantic Corporation merged to form Verizon Communications Inc. Mr. Barr then served as Executive Vice President and General Counsel of Verizon through 2008. For eight years, he oversaw Verizon’s legal, regulatory and government affairs group, and he served as a senior member of its executive team during a time in which the company expanded its broadband, media and telecommunications businesses. After retiring from Verizon, he served as Of Counsel at the Washington, D.C. office of Kirkland & Ellis LLP from January until mid-July 2009.
Mr. Barr received A.B. and M.A. degrees from Columbia University and a J.D. degree from George Washington University. He has served as a Director of The Selected Funds since 1994 and a Director of Holcim US since 2008.
About Time Warner Inc.
Time Warner Inc., a global leader in media and entertainment with businesses in television networks, filmed entertainment, publishing and interactive services, uses its industry-leading operating scale and brands to create, package and deliver high-quality content worldwide through multiple distribution platforms. For more information about Time Warner Inc., please visit www.timewarner.com.