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Excite@Home CEO to Step Down

September 20, 2000|Bloomberg News

Excite@Home Corp., the cable-based Internet service controlled by AT&T Corp., said Chief Executive George Bell will step down but remain chairman, as the company seeks to boost its sagging stock price. Bell will stay on as CEO until a replacement is found and will continue as chairman of the Redwood City, Calif.-based company through 2001. Bell was Excite Inc.'s first CEO. Last year, he was appointed president of the company formed by the merger of Excite and @Home. Bell was named CEO of Excite@Home in January and assumed the chairman's post in May, when Tom Jermoluk stepped down. Excite@Home shares rose 25 cents to $16.19 on Nasdaq.

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