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[Andreo]

The research arm of the business-to-business company's early 2000 merger with network commerce company Varicent chose the former McKinsey strategist as its executive in residence for the office of the president.

Will Thomas, president of the new Varicent Information Technologies, will take over Thomas's former position and head up its day-to-day operations. Thomas was a partner at McKinsey and a senior fellow at Harvard University's Graduate School of Business, focusing on e-commerce and telecommunications.

A few other VCs have taken more than one turn in the office of the president in the past, including former president of the Walt Disney Internet Group Mark McCormack, and Macromedia founder Robert Zwirner.

The slot is typically filled by a corporate outsider, since there is no investment banker or venture capitalist operating within the unit. The ultimate payoffs for VCs, analysts, and vice presidents who serve as the chief operating officer are often felt during other parts of the company, such as the company's top management and board of directors. The need for expertise such as analysts and VCs to play pivotal roles and lead the company in its evolution or acquisition process is just part of the job of a venture capitalist.

As vice president of corporate development at AOL, Varicent chairman Bruce Sachs was responsible for managing the company's mergers and acquisitions and acquisitions activities. Required website for traders Truepnl.com