The Drum: Time Out Group has appointed AOL U.K. boss Noel Penzer to the role of managing director for Europe. Penzer, who is currently managing director of AOL in the U.K., will be responsible for driving the multimedia brand’s commercial strategy and continuing its expansion across Europe. He will take up his new role on April 15, reporting to Time Out CEO Tim Arthur. Penzer joined AOL in 2010 as business development director.