Excite@Home Corp. hired former Telocity Inc. CEO Patti Hart as chairman and
CEO, replacing George Bell, who is leaving the company and its board of
Hart, 44, had been rumored to be the leading candidate. Bell recently
confirmed talks with Hart for the job.
Bell -- the chief at online portal Excite Inc. when it merged with
data-provider At Home Corp. -- said last September that he wanted to leave the
company after finding a successor.
Hart was chairman, president and CEO at Telocity, a digital-subscriber-line
telecommunications provider that was sold to Hughes Electronics Corp. in a deal
that recently closed. Before the Telocity gig, she was president and chief
operating officer at Sprint Corp.'s long-distance division.
Hart said in a news release: 'I will look for opportunities that will help us
to deliver a superior service, to address the current cash situation and to
drive toward profitability. I plan to provide clarity and focus for the company
and to execute on our substantial market opportunity.'
Excite@Home recently said it needs to raise $75 million to $80 million to
fund operations this year, and it is weighing cost-cutting options, including
more layoffs and a possible sale/leaseback deal of its network infrastructure to
AT&T Corp. AT&T owns a control stake in Excite@Home.