BuySafe.com Appoints Three New Members to Board of Directors.CAMBRIDGE, Mass.--(BUSINESS WIRE)--Sept. 24, 1998--BuySafe.com, operator of the Internet's finest group of affiliated specialty stores, today announced the addition of Jack Runnion, Roger Wood, and Ravi Chiruvolu to its Board of Directors. The three new members expand the Board's size to eight. "The addition of these accomplished individuals to our Board reflects the growing demand for online services," commented Aaron Day, president and 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. of BuySafe.com. "Consumers now realize the value and convenience of the Internet as a retail venue, and are more comfortable with shopping online. I am pleased that Jack, Roger, and Ravi will help guide BuySafe.com through this exciting period of growth." Jack Runnion brings an extensive financial background to the BuySafe.com Board. He retired in 1990 after 38 years at Wachovia Corporation and Wachovia Bank and Trust Company, most recently as vice chairman of the Financial Management Division. Runnion currently serves as a director of Security First Network Bank, and he is a member and former chairman of the Public Securities Association's Government and Federal Agencies Securities Committee. He is also a former director of the Wachovia Corporation, Wachovia Bank and Trust Company, Recognition Equipment, Inc., Dallas, Texas, Cardinal Bancshares, Lexington, Ky., and Depository Trust Company Depository Trust Company (DTC) DTC is the world's largest central securities depository. It accepts deposits of over 2 million equity and debt securities issues (valued at $23 trillion) from over 65 countries for custody, executes book-entry deliveries (valued at over $116 trillion , New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , N.Y. In addition, Runnion is a former trustee and chairman of College Foundation, Inc. of North Carolina, a former chairman of the board of the North Carolina Municipal Council, Inc., and a former member of the Reserve City Bankers Association. Runnion is a graduate of the University of North Carolina at Chapel Hill The University of North Carolina at Chapel Hill is a public, coeducational, research university located in Chapel Hill, North Carolina, United States. Also known as The University of North Carolina, Carolina, North Carolina, or simply UNC , and of the Wharton School's Institute of Investment Banking. Roger Wood has 13 years of experience with software and hardware in the computing and telecommunications industries, working with Omnipoint Communications, Motorola, and AT&T. He has had substantial involvement with negotiating technology licensing agreements, mergers and acquisitions, and product development. Wood holds a Bachelor of Arts degree from Morehouse College, a Master's degree in Business Administration from 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 he has studied Computer Technology at Columbia University. Ravi Chiruvolu joins BuySafe.com's Board of Directors with significant Internet experience. Currently serving as Director of Business Development at Peapod, Inc., his responsibilities there include spearheading strategic initiatives, negotiating and closing deals, and supervising website design. Chiruvolu has also served as Manager of Strategic Planning at Ameritech Corporation, and as a Strategic Planner at Motorola, Inc. He holds Bachelor of Science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies and Master of Science degrees from MIT MIT - Massachusetts Institute of Technology , and a Master's degree in Business Administration from Harvard Business School. About BuySafe.com Founded in 1995, BuySafe.com operates the Internet's finest group of affiliated specialty stores. BuySafe.com stores offer a selection of over half a million items, 24-hour customer service, free shipping within the continental United States United States territory, including the adjacent territorial waters, located within North America between Canada and Mexico. Also called CONUS. , return options on all merchandise, and simplicity - multiple items from different stores can be shipped to different addresses worldwide, all via a single transaction. The privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. is an Excite-certified safe merchant, and is headquartered in Cambridge, Mass. with an operations center in Fort Lauderdale, Fla. |
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