buy.com
(BUYX)
said today that Chairman and Chief Executive Gregory Hawkins and Chief Financial Officer Mitch Hill resigned.
Shares of buy.com gained 9 cents, or 17.7%, to 63 cents in recent
Nasdaq
trading.
James B. Roszak will serve as buy.com's interim chief executive. Roszak has been a member of the board since August 1998. The company is seeking a permanent chief executive. Donald Kendall, a member of the board since 1998 and the chairman emeritus and retired chief executive of
PepsiCo
(PEP) - Get Report
, was named chairman.
The Internet retailer, which is based in Aliso Viejo, Calif., also hired Robert Price, previously of
PairGain Technologies
, to replace Hill as chief financial officer.
