Time Warner Inc shuffles finance team

NEW YORK, March 24 (Reuters) - Media conglomerate Time Warner Inc (TWX.N: Quote, Profile, Research) said on Monday it has shuffled its finance management team as it mulls structural changes at the company.

The company that owns AOL, CNN and Time magazine promoted its investor relations chief James Burtson to the role of senior vice president, charged with overseeing Time Warner's mergers and acquisitions activity.

The company said Burtson will also be working closely with Chief Financial Officer John Martin to "develop the optimal capital allocation strategies."

Time Warner has taken aggressive actions in recent weeks under new Chief Executive Jeffrey Bewkes to resuscitate a sluggish stock price, including folding its New Line Cinema movie studios under Warner Bros.

It is reviewing spinning off its cable business and splitting off AOL's dial-up Internet service.

Time Warner also appointed Edward Ruggiero as its senior vice president and treasurer, from his current position as senior vice president of corporate finance.

Ruggiero, who will oversee the company's global treasury activities, including capital markets, bank relations and cash management, takes over from Raymond Murphy, who is retiring.

Douglas Shapiro, a former media analyst at Banc of America, takes over the investor relations role vacated by Burtson.

All three executives will report to Martin. (Reporting by Kenneth Li, editing by Maureen Bavdek)