Nordstrom.com loses key executives
June 11, 2002,
Seattle — Dan Nordstrom, ceo, and Mike Smith, president, have resigned from their positions at Nordstrom.com, Nordstrom's catalog and Internet division. Co-chairman Ray Johnson will serve as interim ceo and president of Nordstrom.com.
Dan Nordstrom, who is a fourth-generation member of the corporate family, will stay on through the end of the month, according to the company.
Nordstrom.com became a directly controlled subsidiary of Nordstrom on May 31, when Nordstrom bought out the minority venture investors of Nordstrom.com, Benchmark Capital and Madrona Investments.
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