Internet watch 2-01

Printnation has named Robert Locke CEO. Locke, who possesses substantial executive experience in the printing, technology and financial industries, will succeed founders Tony and Freddie Seba. The company also announced a reorganization. The reorganization includes a 47 percent reduction in staff, trimming the number of employees from 75 to 40. It does not affect the Printnation online store, which continues to operate. Locke has also initiated a strategic assessment on how best to enhance Printnation's position in the market.