(March 27, 2001) -- 24/7 Media, which last week announced a disappointing fourth quarter and predicted slower growth in coming quarters, said yesterday that its president and COO, Tom Detmer, was stepping down from those posts. Detmer is moving back to a position he has held before within the company, as general manager of the email business, Exactis. CEO David Moore will temporarily take on Detmer's responsibilities. The company is looking for additional financing to supplement an equity credit line of up to $50 million over two years that it recently secured. -- Catharine P. Taylor
Copyright March 2001, Crain Communications Inc.