January 21, 2008, 12:00 AM

Howard Tong leaves U.S. Auto Parts Network

Howard Tong has vacated his position as chief operating officer of U.S. Auto Parts Network. He joined the company in November 2006.

Howard Tong has vacated his position as chief operating officer of U.S. Auto Parts Network.

U.S. Auto Parts, No. 81 in the Internet Retailer Top 500 Guide, isn’t saying why Tong left the company or who is currently filling the position.

In a recent regulatory filing, the company says Tong left U.S. Auto Parts in December and is eligible for certain compensation outlined in his November 2006 letter of employment.

As chief operating officer, Tong, who joined U.S. Auto Parts after working as vice president of marketing for Newegg.com, was paid an annual salary of $220,000, and was also eligible to receive a discretionary bonus of up to $100,000 per year. If Tong left the company for any reason other than for cause, U.S. Auto Parts would be required to pay six months of severance if a termination occurred within the first two years of his employment and 12 months of severance if the termination occurred after the first two years, the company says in a January regulatory filing.

comments powered by Disqus

Advertisement

Advertisement

Advertisement

From IR Blogs

FPO

Patrick Smarzynski / E-Commerce

What the changes at eBay mean for sellers

The online marketplace introduced new rules for sellers last month. It’s crucial that sellers understand ...

FPO

Mark Feinstein / E-Commerce

A quick guide to global e-commerce opportunities

Consumers in many countries are buying more online each year. Understanding the nuances of each ...

Advertisement