Stamps.com's CEO resigns

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Stamps.com's Chairman-CEO John Payne resigned Oct. 12, leaving former U.S. Postmaster General Marvin Runyon, as acting chairman until a permanent replacement is found. Earlier this week, Stamps.com President-Chief Operating Officer Loren Smith stepped down from his position, to resume his role as a director on the Stamps.com board. In addition, both Chief Financial Officer John LaValle and Comptroller Candelarios Andalon have left the company to pursue other interests. Stamps.com named Draft Worldwide, Chicago, in January as its agency of record, but parted ways with the shop several months ago.

Copyright October 2000, Crain Communications Inc.

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