Rare Medium loses its chief financial officer

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Jeffrey Kaplan, chief financial officer at Rare Medium, New York, is leaving the company to pursue other business opportunities, the company said. Craig Chesser, VP-finance and treasurer, and Michael Hultberg, VP and controller, will share the responsibilities handled by Mr. Kaplan. Rare Medium reported a net loss of $42.2 million for the fourth quarter of 2000, more than double the net loss of $20.2 million from the year-ago quarter. For the year ended 2000, Rare Medium reported a net loss of $124.7 million, a 152% increase in losses from 1999, when its year-end net loss totaled $49.4 million.

Copyright February 2001, Crain Communications Inc.

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