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Time Warner Vice President to Move to Home Box Office

October 14, 1994|KATHRYN HARRIS

Geoffrey W. Holmes, Time Warner Inc.'s senior vice president of technology, has been asked to leave the corporate staff and take a position reporting to Home Box Office Chairman Michael Fuchs, sources said Thursday. Holmes, 48, has been overseeing Time Warner's interactive-media businesses, which have about 300 employees and about $100 million in revenue. Those companies--with operations scattered from Burbank and Milpitas in California to New York and Tokyo--are expected to become part of Home Box Office, a division of Time Warner. With Holmes' departure from the corporate staff, no former Warner Communications executives will remain in the senior ranks. Longtime Chief Financial Officer Bert Wasserman--another Warner veteran--is expected to leave at year's end. Time Warner officials declined to comment on plans for either Holmes or Wasserman.

* Seymour Stein is expected to be named president of Elektra Records before the end of the month. Sources say just a few details remain to be worked out.

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