OnSale CFO Leaving the Company
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Internet auction company OnSale in Menlo Park, CA said that John Sauerland, CFO, is leaving the company to pursue other interests.
Leslie Benson, the company's vice president/controller, will serve as its acting CFO while the company completes a search for a replacement. Benson recently joined OnSale from The Good Guys, where she was controller.
Sauerland has agreed to be available for an additional two months on a consulting basis to ensure a smooth transition process.
Jerry Kaplan, OnSale chairman and CEO, publicly thanked Sauerland and said: "He was instrumental in managing our Initial Public Offering in April 1997, and our Secondary Offering in October of 1997. In addition to the traditional duties of a CFO, he established OnSale's logistics and shipping operations, and contributed to our growth in a variety of other ways as well."