FairMarket taps Lotus for CEO

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Woburn, Mass.--B-to-b auction services vendor FairMarket Inc. has tapped former Lotus executive Eileen Rudden as CEO. FairMarket founder Scott Randall will assume the post of chairman. Rudden has been hunting for CEO opportunities since recently leaving IBM Corp. unit Lotus as senior vice president. During her tenure, she grew Lotus Notes business from 2 million to 50 million users.
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