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Razorfish president departs, stock drops

Published on .

Razorfish's stock dropped about 6%, closing at $13.63 a share on Aug. 25, the day after President Mike Pehl announced his resignation. Mr. Pehl joined the company earlier this year when Razorfish absorbed International Integration Inc., where he had been chairman-CEO the operation also known as i-Cube. Razorfish bought i-Cube last year. Mr. Pehl's duties will be handled by CEO Jeff Dachis and Chief Financial Officer John Roberts. Razorfish's stock was down from a 52-week high of $56.94.

Copyright August 2000, Crain Communications Inc.

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