AOL Inc., owner of the Huffington Post and TechCrunch, appointed Karen Dykstra as chief financial officer and added PepsiCo Inc.'s Hugh Johnston as director, three months after fending off an activist investor challenge to shake up the board.

Dykstra, who served as a board member since 2009, replaces Arthur Minson, who was promoted to chief operating officer in June to reorganize AOL's operations. Dykstra will no longer remain on the board. Johnson, chief financial officer of PepsiCo, adds consumer retail expertise to the Internet company.

"Hugh's financial expertise and consumer-industry experience makes him a great addition to the board," AOL Chief Executive Officer Tim Armstrong said today in a statement.

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