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Executive shuffle at newly merged Egghead

The online computer and electronics retailer announces several executive changes as the company continues to combine operations from its completed merger with Net auctioneer Onsale.

    Egghead.com today announced several executive changes as the company continues to combine operations from its completed merger with Net auctioneer Onsale.

    Jeffrey Sheahan, Egghead's senior vice president and chief operating officer has been promoted to president and chief operating officer, the Internet retailer said in a statement.

    Barry Hills, Egghead's vice president of engineering, has been promoted to chief technology officer. Hills, who spent over 15 years at Tandem Computers, joined the company last September, the company said. Hills replaces Onsale cofounder Alan Fisher who remains as a member of the board.

    As previously announced, former Egghead CEO George Orban also now serves as chairman of the board.

    Egghead's new chief financial officer is now John Labbett, Bari Abdul has been promoted to senior vice president of marketing, Norman Hullinger now serves as senior vice president of sales and operations and Jonathan Brodeur is vice president of business development, the Menlo Park, Calif.-based company said.

    The Onsale merger, announced in July, was completed in November. Before the merger, the two companies faced the prospect of competing on their own against Amazon.com, as the Internet retailing giant invaded each of their niches. Amazon now sells consumer electronics and offers auctions, and recently encroached even further by offering software sales.

    At the time, Egghead, which has been posting moderate financial results, said it predicts a 45 percent to 50 percent increase in revenue in the year 2000, and 35 percent to 40 percent revenue growth the year after. It also expects to reach profitability at the beginning of 2002.