Alumnus Wayne Pace moves from TBS to AOL Time Warner
November 19, 2001
"The fact that we were able to promote from within our company a chief financial officer of Wayne Pace's caliber is another testament to the depth of management talent throughout AOL Time Warner," Jerry Levin said Nov. 1, 2001.
As CEO of AOL Time Warner Inc., Levin was announcing the appointment of Pace ('68) as AOL Time Warner's new executive vice president and chief financial officer.
AOL Time Warner is the world's first Internet-powered media and communication company with industry-leading businesses that include interactive services, cable systems, publishing, music, television networks and filmed entertainment.
Levin called Pace "a multitalented executive…with a strong record of achievement, including…the successful integration of WB into Turner Broadcasting,"
Pace became vice chair, chief financial officer and chief administrative officer of Turner Broadcasting System Inc. in March 2001, with oversight of all financial, corporate and administrative functions. From July 1993-March 2001, he served as vice president of finance and chief financial officer for TBS, responsible for all company financial activities, investor relations and mergers and acquisitions, including the company's acquisitions of New Line Cinema and Castle Rock Entertainment--and the major merger of TBS and Time Warner Inc. in October 1996.
In a release from AOL Time Warner, Pace said, "AOL Time Warner is uniquely positioned to deliver superior growth and value, and we'll continue to make the best use of our financial strength to achieve this. TBS has been a wonderful place to work…and I'm extremely pleased to take on this new assignment, joining the team leading AOL Time Warner forward."
Pace joined Price Waterhouse in 1970 after earning his master's degree in accounting from the J.M.Tull School of Accountancy at the University of Georgia. His bachelor's degree from APSU is in accounting and economics.
Throughout his meteoric rise and despite a work schedule that required him to split his workweeks between Atlanta, New York City and Los Angeles, Pace always has had time for his alma mater. He is a strong supporter in both word and action. In recognition of his longtime support, Pace was presented APSU's Outstanding Service Award at the annual Champagne Brunch and Alumni Awards Program during the 1993 Homecoming.
On Dec. 12, 1997, he received the University's most coveted honor--the Distinguished Achievement Award--which has been awarded to a select few national and international leaders, including Vice President Dick Cheney. Pace was presented the award following his 1997 Commencement address to APSU graduates, their friends and families.
In April 1999, he and his wife, APSU alumna Bobbi ('70) and their daughter, Amanda, donated $650,000 to APSU for much-needed renovation and expansion of the Pace Alumni Center at Emerald Hill.