He will take the title of president and look for a new chief executive.

Mr. Dell is also looking for an executive to run the European operations.

More often, however, boards looking for a new chief executive will find a number of qualified internal candidates eager to occupy the corner office.

"New Jersey looks for an executive with a track record."

For the first time, the partners looked outside the firm, which is based in Chicago, for a chief executive.

They were therefore looking for a chief executive who would subsequently buy out the business.

Service Merchandise, which was initially looking for an executive without a retailing background, settled on a retailer from a very different part of the industry.

The Kollmorgen Corporation is looking for a new chief executive.

Some reports signalled that the White House could be looking for a female executive with business experience to fill the post.

The board, which was looking for an executive to run the company, soon asked him to take command.