Ibargüen joins AOL board

Alberto Ibargüen, CEO of the John S. and James L. Knight Foundation, has joined the board of AOL, Inc., the company announced yesterday. He will serve on the board’s audit and finance committee.

According to the Associated Press, AOL will pay Alberto a cash retainer of $100,000 and equity valued at $150,000. He replaces William Hambrecht, who has resigned from the board.

Alberto, a former publisher of The Miami Herald, is also on the board of ProPublica, an independent non-profit investigative journalism organization.