CMGI Executive Resigns as Firm Restructures

Internet operator CMGI Inc. said its chief financial officer, who helped build a Web empire in a hurry, has left the company and will be replaced by George McMillan, a Bertelsmann executive, as CMGI dismantles its money-losing operations.

Andrew Hajducky, CMGI’s CFO for nearly six years, became the first top-level officer to leave CMGI, whose interests include search engine AltaVista and online marketer Engage Inc.

CMGI also said David Andonian, president of corporate development, had been promoted to the newly created position of president and chief operating officer.

Hajducky and Andonian, along with CMGI Chairman David Wetherell, formed the Internet holding company’s deal-making trio that oversaw a spree of acquisitions in 1999 and 2000.

Only a handful of the firms are expected to remain after CMGI completes its massive restructuring.

CMGI shares dipped 22 cents to $2.30 on Nasdaq.