Borders steps down as Webvan chairman

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George T. Shaheen, president-CEO of online grocery retailer Webvan Group, adds the title of chairman, succeeding Louis H. Borders, the company's founder. Borders will continue as a director of the company. Webvan's board also includes venture capitalist Jim Barksdale, partner, Barksdale Group; David M. Beirne, general partner, Benchmark Capital; Christos M. Cotsakos, chairman-CEO, E-Trade Group; Tim Koogle, chairman-CEO, Yahoo!; Michael Moritz, general partner, Sequoia Capital; and Mary Alice Taylor, former chairman and CEO of Webvan acquired HomeGrocer three weeks ago, and is postponing expansion into new markets until HomeGrocer is fully integrated.

Copyright September 2000, Crain Communications Inc.

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