Agribuys Names Vijay Yajnik as President and COO.Business Editors TORRANCE, Calif.--(BUSINESS WIRE)--Feb. 8, 2002 Agribuys, the leading supply chain integrator for the global food industry, announced today that Vijay Yajnik has joined the company as president and 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. . "It is my great pleasure to welcome Vijay to Agribuys; he will be an integral member of our senior team, and I look forward to working very closely with him," said Marina Kotsianas, Agribuys' CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and chairman. "Vijay brings extensive retail experience to Agribuys; he has a commanding grasp of the retail environment and e-commerce, a thorough understanding of the operating intricacies of IT and deep senior management experience." Yajnik joins Agribuys from the WorldWide Retail Exchange (WWRE). Prior to that he was Group CIO at the Dairy Farm Group, a major Asian retailer headquartered in Hong Kong. He has held a variety of executive management positions at Kmart, California Federal Bank California Federal Bank, often abbreviated to "Cal Fed", was a savings and loan bank in California. It existed from 1926 until 2002, when its parent company Golden State Bancorp was acquired by Citigroup, resulting in the bank being merged into Citibank. , Crocker National Bank Crocker National Bank was a United States bank headquartered in San Francisco, California. It was acquired by and merged into Wells Fargo Bank in 1986. History The bank traces its history to the Woolworth National Bank in San Francisco. and other financial institutions. Yajnik expressed enthusiasm for the new challenge: "Agribuys is in a very exciting business space. I am pleased to be a part of it and I am looking forward to helping Agribuys realize its enormous business potential." Peter Jueptner, chief commercial officer of WWRE, added, "I am delighted that Vijay has taken this senior role at the key technology solutions provider for the WWRE. His leadership at Agribuys will further our goal of providing valuable tools and services to our membership." Yajnik holds a bachelor's degree in engineering from the Indian Institute of Technology, an MS in communications and information systems from the State University of New York (body) State University of New York - (SUNY) The public university system of New York State, USA, with campuses throughout the state. , and an MBA in marketing and transportation from Michigan State University Michigan State University, at East Lansing; land-grant and state supported; coeducational; chartered 1855. It opened in 1857 as Michigan Agricultural College, the first state agricultural college. . About Agribuys Agribuys is the premier supply chain integrator for the global food industry. Agribuys offers Internet-based solutions for demand planning and management, procurement, logistics, receiving and payment. These solutions improve the way organizations carry out transactions, use real-time information to make decisions, and build relationships with their supply chain partners. The Agribuys Online Marketplace provides a global hub that is optimized for the trading of perishable foods. Based in California, with offices in Australia, Asia, Canada, and Europe, Agribuys is rapidly expanding to further broaden its global procurement platform. The company is backed by Internet Capital Group (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ICGE). Its strategic partners include the WorldWide Retail Exchange (WWRE), the premier Internet-based business-to-business (B2B) exchange for retailers and their suppliers. The WWRE currently has 59 members including Ahold (NYSE NYSE See: New York Stock Exchange :AHO), Albertson's (NYSE:ABS), Auchan (France), Safeway Inc. (NYSE:SWY), Dairy Farm International (Hong Kong), Marks & Spencer (U.K., LSE:MKS), Publix Super Markets (U.S.), SUPERVALU INC. (NYSE:SVU), Wakefern Food Co. (U.S.), Wegmans Food Markets Wegmans Food Markets, Inc. is a 71-store U.S. regional supermarket chain with stores in New York, Pennsylvania, New Jersey, Virginia, and Maryland. History Wegmans is a family-owned company, founded in 1916 by John and Walter Wegman. , Inc. (U.S.), Winn-Dixie Stores, Inc. (U.S., NYSE:WIN), with combined sales of U.S. $845 billion. For more information, visit the company's Web site at www.agribuys.com or call 877/499-3052. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion