RealTime IT News

Excite@Home Skipper Resigns

Excite@Home Chief Executive Officer George Bell Tuesday said he was stepping down, making him the second chief since May to quit that post.

Bell, who was appointed Excite's first CEO in 1996, will resign from his position as soon as a suitable replacement is hired.

"I remain deeply committed to continuing as CEO until the board can find a qualified, new CEO," Bell said. "As broadband goes and as we execute, I believe the company's best market lies ahead."

Bell was appointed president of Excite@Home following the merger of Excite and @Home Network, and was given the added title of chairman of the company in early May when Tom Jermoluk resigned.

Jermoluk, who remains an active member of the board, defected to become a partner at prominent venture capital firm Kleiner Perkins Caufield & Byers.

At that time, ATHM planned to invest heavily in its services and to put less financial resources into its narrowband services, such as the Excite@home portal.

During that period, several shifts in management took place, including the appointment of Mark A. McEachen to executive vice president and chief financial officer, succeeding CFO Kenneth A. Goldman.

"This completes the renewal of our senior management team to ensure we have the scale to support the next phases of growth in our company," Bell said at the time.

Bell plans to remain as chairman of the board at least until the end of 2001 and will work closely with the next CEO, according to the company.

A search for a new CEO has been put into place.