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Hosting News Exodus Replaces CEO web hosting news
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Exodus Replaces CEO Sep 5, 2001
Troubled Web hosting giant Exodus Communications, Inc. (exodus.net) yesterday announced the appointment of L. William Krause, a member of the Exodus board of directors since June 2000, as chairman and CEO, succeeding Ellen M. Hancock who has resigned. Krause, who retired as chairman of 3Com Corporation in 1993, is president of LWK Ventures, a private investment company in Silicon Valley.

``During Ellen's tenure, Exodus enjoyed phenomenal growth and was able to build a world-class data center infrastructure and managed services offerings, benefiting greatly from her technology expertise. The focus now is to implement an operating plan that reflects the realities of a tough economic environment,'' Krause stated. ``We agreed with Ellen that it's time to transition the leadership of the company as it maneuvers through challenging times.''
Krause has also served as president, CEO and a director of Storm Technology, Inc., a digital imaging company. He previously held various general management and executive positions at Hewlett-Packard Company. Krause currently serves on the board of directors of Pinnacle Systems, Inc., Packeteer, Inc. and Sybase, Inc.
Reads: 570 | Category: General | Source: TheWHIR : Web Host Industry Reviews
URL source: http://www.thewhir.com/marketwatch/exodus905.cfm
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