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Lante chairman steps down; company restructures

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Chicago--Lante Corp., an information technology consulting firm, said its chairman, Mark Tebbe, will step down from his position to spend more time with his family.

He will be succeeded by Jack Kraft, a director of the company. Tebbe will remain on the board. Lante also announced financial results and a company restructuring. For fiscal 2001, the company had a net loss of $19.2 million, or 49 cents a share, compared with a net loss of $21.4 million, or 60 cents a share, for fiscal 2000.

Revenue for the year was $41.9 million, down 45% from revenue of $76.1 million in 2000.

Organizational changes include the establishment of an Energy Group, which will provide pipeline marketing intelligence, trading system integration and wireless field services.

Lante is eliminating the position of COO and is creating a national sales organization to diversify its client portfolio.

--Kate Maddox

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