Terra Lycos

(TRLY)

lost another executive today, as Ron Sege, the president of U.S. operations, resigned from the company.

Sege has taken a position with an Internet startup, according to a Terra Lycos spokesman. The resignation marks the latest

management shift at the Internet services provider, which said yesterday that Chief Executive Bob Davis was resigning to join venture capital firm

Highland Capital

.

Ted Philip, the former chief financial officer who also stepped down Thursday, will replace Sege on an interim basis. The company has already started searching for a permanent replacement.

Shares of Terra Lycos lost $1.25, or 8.1%, to $14.25 in recent

Nasdaq

trading.