Byline: Lisa Lockwood

NEW YORK — Brandusa Niro has resigned as chief executive officer and editor in chief of Fashion Wire Daily, the Web site she founded in September 1999.
“I terminated my contract with Fashion Wire Daily for good reason,” Niro said Wednesday. “This enables me to leave with my full package intact.”
Succeeding Niro as ceo is Lynn Krominga, who will oversee all operations. An editor in chief hasn’t been named yet, but according to sources, Godfrey Deeny is expected to get the job. Deeny is in Paris and could not be reached at press time.
Most recently, Krominga was a consultant for start-ups, prior to which she was with Revlon, where she served as executive vice president of business development, and was founder and president of the licensing division and chief legal counsel worldwide. She left Revlon in March 1999.
Krominga said she wants to “make [Fashion Wire Daily] profitable.”
Discussing her departure, Niro said that several weeks ago, one of the site’s investors, Dr. Avraham Kadar, a Mount Kisco, N.Y., doctor, took controlling interest in the company and “pressured me to waive compensation and stock rights.” Niro claims that she’s owed in the mid-six-figure range in back salary and expenses and hasn’t decided what steps she’ll take to retrieve the money. “I’m considering all my options,” she said.
Kadar could not be reached.
Niro still maintains a small ownership stake in the company. She said she hopes to pursue employment with a media organization.

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