marketing executive Loren Smith has been named president and chief operating officer of the Internet postage company

Mr. Smith, who has spent more than 40 years in marketing and operations, is a former vice president of Citibank's consumer services group. He has been a consultant to and a member of its board since February.

" is fortunate to add Loren to its management team, said former Postmaster General Marvin Runyon, also a director of the company. In view of the national launch of the service in October, "Loren's addition to the organization will increase the management focus on a world-class experience for the customer." also named chief executive officer John Payne to the additional post of chairman.

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