2/7/2006: Keith Cohn and David Burcham fired from Vendare. Keith was President and CEO, David EVP of Operations. More to follow...
2/8/2006: Correction. While I include David Burcham as one who was terminated, people at the company say this is false. My apologies to Mr. Burcham and Vendare for posting any incorrect information.
(With respect to rumors, if any future errors are seen, please contact me directly for prompt action.)
2/9/2006: ClickZ confirms the departure of Keith Cohn saying
Cohn will be replaced for the time being by Linda Fayne Levinson, a venture capitalist who joined Vendare's board in April. Levinson is a former partner at management consulting firm McKinsey & Co., and has sat on the boards of several Internet companies, including Overture, Lastminute.com and Cybersource.
"Linda Fayne Levinson's extensive strategic and operating experience, particularly in the Internet space, will ensure a smooth transition for Vendare," Bill Gross, founder and CEO of Idealab, said in a statement. The start-up incubator is Vendare's largest shareholder.
Link: http://www.clickz.com/news/article.php/3584021
2/13/2006: I say above that Mr. Cohn was fired, but I do not know whether he was technical fired or resigned. Vendare is moving forward without the man who led them for 5 years, which is the real story.
3/22/2006: I notice a lot of people stopping by this post, so I have decided to include an update. Brett Cravatt, Chief Product Officer, has decided to leave Vendare and will be "starting a new company specializing in online marketing, list management services and lead generation solutions on behalf of both advertisers and publishers." Additionally, I am told Chad Grohman, former head of the affiliate division eMarketMakers is no longer with the company. The weeks following the resignation of the CEO and subsequent reorganization have probably made for challenging times at the company.
