OLAF OLAFSSON has been named vice chairman of TIME WARNER DIGITAL MEDIA.Olafsson's appointment becomes effective November 15. Olafsson will workwith Michael Pepe, president and chief operating officer of Time WarnerDigital Media, and the rest of the management team at Time Warner DigitalMedia to continue developing strategic business plans for Time Warner'sdiverse digital media businesses and identifying emerging growthopportunities for the company in the digital realm. Olafsson joins TimeWarner from Advanta Corp., where he has been president since March of 1998and a member of its board of directors since 1997. Advanta is a highlyfocused financial services company that provides consumers and smallbusinesses with innovative products and services, including mortgages,equipment leases, business credit cards, insurance and deposit products. Asfounder, president and chief executive officer of Sony InteractiveEntertainment, Inc., a unit of Sony Corporation established in 1991,Olafsson built and managed businesses in the United States and Europe.
