Armstrong also addressed the recent departure of Jeff Levick, the ad chief he personally recruited from Google, and his replacement with Ned Brody.

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Jeff Levick, who followed Armstrong from Google to AOL in 2009, is leaving the company as part of a wave of change in the executive ranks.

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"In terms of the vision for where we're headed, it's dramatically different than where AOL has been in the past, " said Jeff Levick, AOL's president for global advertising and strategy.

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