SHAHEEN EXITS WEBVAN; COO SWAN NAMED TEMPORARY BOSS

FOSTER CITY, Calif. -- Webvan here said George T. Shaheen has resigned from the company. Shaheen had been Webvan chief executive officer since October 1999 and chairman since February.f executive is needed to lead the company at this time, and as such it no longer makes sense for me to continue in my role and I will be leaving the company."I am convinced, as I have been from the outset, that Webvan

FOSTER CITY, Calif. -- Webvan here said George T. Shaheen has resigned from the company. Shaheen had been Webvan chief executive officer since October 1999 and chairman since February.

f executive is needed to lead the company at this time, and as such it no longer makes sense for me to continue in my role and I will be leaving the company.

"I am convinced, as I have been from the outset, that Webvan has a solid business model, which over time will alter retailing and the way

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