A Changing of the Chiefs at Priceline
Priceline.com says Richard S. Braddock will step down as CEO and will be succeeded by Daniel H. Schulman, the company's president and chief operating officer. Braddock will continue as the company's chairman. Schulman joined priceline.com last June after working 18 years at AT&T, where he was executive vice president and head of its consumer markets division. He also was president of AT&T's WorldNet Internet service and ran its business markets group.
In other news, Priceline says its customer base now totals 5.3 million and generated $313.8 million in revenue in the first quarter. The company is aiming to break the $1 billion barrier for the year overall.
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