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Affinnova Names Waleed Al-Atraqchi as CEO and President; Seasoned Consumer Packaged Goods and Marketing Services Executive to Lead Company.


WALTHAM, Mass. -- Affinnova(R), Inc., which harnesses the principles of genetic evolution to optimize optimize - optimisation  concepts, products and brands for consumer-focused companies, today announced it has named Waleed Al-Atraqchi as chief executive officer and president. Al-Atraqchi brings to Affinnova 20 years of experience in sales management Sales Management Role and Goal
Importance of sales management is critical for any commercial organization. Expanding business in not possible without increasing sales volumes, and effective sales management goal is to organize sales team work in such a manner that ensures a
, brand marketing and product development, as well as an extensive leadership background focused on leveraging innovation to drive business results. David Andonian, who has served as chief executive officer and chairman since June 2003, will remain as chairman of Affinnova's Board of Directors.

"Waleed is a proven leader, one with the optimal combination of sales and marketing management and entrepreneurial en·tre·pre·neur  
n.
A person who organizes, operates, and assumes the risk for a business venture.



[French, from Old French, from entreprendre, to undertake; see enterprise.
 expertise needed at this stage of Affinnova's growth," said David Andonian. "His track record of elevating companies affords him keen insights into the critical success metrics metrics Managed care A popular term for standards by which the quality of a product, service, or outcome of a particular form of Pt management is evaluated. See TQM.  needed to take our organization to the next level. He is a well-chosen addition to Affinnova's growing roster of consumer packaged goods Noun 1. packaged goods - groceries that are packaged for sale
foodstuff, grocery - (usually plural) consumer goods sold by a grocer

plural, plural form - the form of a word that is used to denote more than one
 and marketing services experts."

"It's imperative that companies today continuously innovate in·no·vate  
v. in·no·vat·ed, in·no·vat·ing, in·no·vates

v.tr.
To begin or introduce (something new) for or as if for the first time.

v.intr.
To begin or introduce something new.
 to remain competitive in their respective markets -- and the key to innovation is how effectively and how early they listen to consumers in the development process," said Waleed Al-Atraqchi. "With its unique approach to harnessing consumer insight, Affinnova is poised for tremendous growth, and I'm looking forward to taking the helm at this exciting time."

Al-Atraqchi joins Affinnova from Imagitas Corporation, a marketing services firm that helps clients communicate with hard-to-reach customer segments, where he most recently served as president. Prior to this position, Al-Atraqchi helped grow Imagitas' client base of leading consumer and business-to-business brands as executive vice president of sales and marketing. He started with the company in 2001 as executive vice president of sales.

Al-Atraqchi began honing Honing could refer to
  • Improving surface finish & geometry using a Hone
  • the practice of sharpening
  • Honing, Norfolk
 his brand management skills at SmithKline Beecham Consumer Health Ltd., where he developed and executed launch strategies for several consumer products. He then developed a series of innovative technology tools (patents pending) allowing marketers to offer targeted reward and incentive programs to consumers at Catalina Marketing Corporation. As senior vice president of sales at Catalina Marketing, Al-Atraqchi worked closely with top packaged goods firms, while rebuilding and expanding an entire sales and client service organization to achieve significant business growth.

Al-Atraqchi holds an M.B.A. from Carnegie Mellon Business School, where he graduated with Distinction, and a B.S. from the University of Pittsburgh.

About Affinnova, Inc.

Affinnova harnesses the voice of consumers to help companies develop more successful brands and products. Its unique, patent-pending technology uses genetic algorithms Genetic algorithms

Search procedures based on the mechanics of natural selection and genetics. Such procedures are known also as evolution strategies, evolutionary programming, genetic programming, and evolutionary computation.
 to "evolve" product designs in response to consumer preferences. Affinnova's technology has been adopted by a growing list of blue-chip customers including eleven Fortune 500 companies. Affinnova is privately held and headquartered in Waltham, Massachusetts One of the early centers of the Industrial Revolution in northern America, Waltham is a city in Middlesex County, Massachusetts, United States. The population was 59,226 at the 2000 census. . For more information about Affinnova, visit www.affinnova.com.

(C)2005 Affinnova Inc. Affinnova and IDEA are trademarks of Affinnova, Inc. Other trademarks are the property of their respective owners.
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Nov 14, 2005
Words:479
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