August 31, 2005, 12:00 AM

RedEnvelope looks for a new COO

RedEnvelope, a direct marketer of gifts merchandise on the web and in catalogs, is looking for a new COO as Ed Schmults takes over as CEO of FAO Schwarz.

The search will soon be on for a new chief operating officer at Red Envelope Inc.

RedEnvelope, No. 89 in the Internet Retailer Top 400 Guide to Retail Web Sites, announced that Ed Schmults, its current COO, is leaving to assume the position of Chief Executive Officer at toy retailer FAO Schwarz.

RedEnvelope says Schmults will remain in his position until late September.



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