George T. Shaheen, a thirty year veteran of Arthur Andersen and CEO of Andersen Consulting since 1989, announced his retirement from the firm to join a new online grocery and drug megastore as President and CEO, effective immediately.
The Webvan Group Inc. operates a fleet of vans to deliver a wide range of groceries ordered through its website. It currently operates exclusively in the San Francisco Bay area. Webvan is backed by CBS Inc. and Knight-Ridder Co., as well as some of the leading sources of venture capital in the Internet community.
Shaheen's quick departure from Andersen Consulting will create a void in management, which will be filled in the interim by John Kelly, with a new CEO to be selected by early November.