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TOWN AND COUNTRY, Mo., Nov. 24 (AP) - The chairman and chief executive of Savvis Inc. has resigned after an investigation into a $241,000 bill he charged to a corporate American Express card at a New York City topless club in 2003.

Savvis issued a statement on Wednesday saying it had accepted the resignation of the official, Robert McCormick, after the inquiry by its audit committee was completed.

"The board has determined that it is in the best interest of the company to accept Mr. McCormick's resignation," said Clyde Heintzelman, head of the audit committee.

The company, which provides corporate networking services, said Jack Finlayson would be acting chief executive. He has been Savvis's president and chief operating officer and a director of the company since 2000.

Mr. McCormick, 40, of Clayton, Mo., had been on unpaid leave while Savvis investigated the bill. He had previously said through a lawyer for Savvis that he was the victim of fraud.

Mr. McCormick was paid $607,500 last year in salary and bonus. Savvis did not say whether he would receive any severance.


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