Susan Lyne, hired only last year to run AOL's online media ops (save for the Huffington Post), is stepping down to run an AOL VC fund focused on women-led startups. No word yet on who her successor will be.
As head of AOL's brand group, Lyne has presided over a slew of Web properties, including AOL.com, Engadget, TechCrunch, Moviefone, Autoblog, and Joystiq.
AOL's properties (Huffington Post included) delivered Q2 display ad revenue of $144.1M (-1% Y/Y), and search ad revenue of $98.9M (+6%). Average domestic monthly unique visitors rose 18% to 171M.
In a talk with re/code, Lyne notes the brand group returned to profitability during her tenure. At the same time, she expresses disappointment the unit's live video efforts didn't live up to expectations.