ARTISTdirect Appoints Former Bear Stearns Senior Managing Director James B. Carroll Chief Financial Officer.ENCINO, Calif.--(BUSINESS WIRE)--July 1, 1999-- Marc Geiger, chief executive officer of ARTISTdirect, the Internet's premier vertical music destination, Thursday announced that former Bear, Stearns & Co. Senior Managing Director James B. Carroll has joined the company as chief financial officer. In addition to managing ARTISTdirect's financial operations, Carroll will work with Geiger and ARTISTdirect chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. Keith Yokomoto in business development and strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. . "I'm excited to be joining the ARTISTdirect team," Carroll commented. "ARTISTdirect combines strong management with an extraordinary business plan and rare credibility as a music company. I look forward to taking an aggressive role in expanding ARTISTdirect's development and fully exploiting the possibilities of the Internet." "Having Jim on board is a terrific coup for ARTISTdirect," said Geiger, to whom Carroll reports. "He has a tremendous background in music, the entertainment industry and new media, in addition to his long-term experience within the financial community. "Jim will be a significant asset to us as we pursue our mission to provide a full-service solution for artists and the ultimate destination for fans." Carroll joins ARTISTdirect after a 16-year career as an investment banker Investment Banker A person representing a financial institution that is in the business of raising capital for corporations and municipalities. Notes: An investment banker may not accept deposits or make commercial loans. . As a senior managing director at Bear, Stearns, he was a senior member of the Media & Entertainment Group responsible primarily for coverage of the New Media and Broadcasting Sectors. Before joining Bear, Stearns in 1994, Carroll founded the Media & Communications Group at Smith Barney Smith Barney is a division of Citigroup Global Capital Markets Inc., a global, full-service financial firm, that provides brokerage, investment banking and asset management services to corporations, governments and individuals around the world. and also served as a member of the Investment Banking Management Committee and Commitment Committee. Carroll is a 1983 graduate of Harvard Business School Harvard Business School, officially named the Harvard Business School: George F. Baker Foundation, and also known as HBS, is one of the graduate schools of Harvard University. and received a bachelor of arts degree in psychology from Claremont McKenna College A member of the Claremont Colleges, Claremont McKenna College is a small, highly selective, private coeducational, liberal arts college enrolling about 1100 students with a curricular emphasis on government, economics, and public policy. in 1977. About ARTISTdirect ARTISTdirect is a total music entertainment company designed to provide a direct connection between music artists and global consumers. ARTISTdirect includes three music businesses that uniquely position the company as a true vertical music company: the ARTISTdirect network (www.artistdirect.com), the ARTISTdirect talent agency and the Kneeling Elephant elephant, largest living land mammal, found in tropical regions of Africa and Asia. Elephants have massive bodies and heads, thick, pillarlike legs, and broad, short padded feet, with toes bearing heavy, hooflike nails. record label (www.kneelingelephant.com). The ARTISTdirect network is composed of UBL (Universal Business Language) A format for exchanging data from one XML business language to another. Based on ebXML Core Components, UBL is designed to provide a common language that acts as an intermediate vocabulary so that one XML vocabulary can interoperate with .com (www.ubl.com), featuring the only music-specific search engine; iMusic (www.imusic.com), the premier music community Web site; and official online retail stores for a wide variety of top music acts. |
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