CAT Technology Appoints Doug Koo as President and Chief Executive Officer.Business Editors/High Tech Writers LOS GATOS Los Gatos (lôs gä`tōs, lŏs, găt`əs), city (1990 pop. 27,357), Santa Clara co., W Calif.; inc. 1887. It is an affluent residential community and health resort. , Calif.--(BUSINESS WIRE)--June 26, 2001 CAT Technology (www.cattech.com), the premier IT Infrastructure Provider, today announced the appointment of Doug Koo to 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. . Koo was the CFO See Chief Financial Officer. of CAT Technology and assumes CAT's leadership role after the divestiture of CAT's Managed Services An umbrella term for third-party monitoring and maintaining of computers, networks and software. The actual equipment may be inhouse or at the third-party's facilities, but the "managed" implies an ongoing effort; for example, making sure the equipment is running at a certain quality Business Unit to BlueStar Solutions. As a part of the divestiture agreement, former CEO Larry Lenhart will join BlueStar Solutions. Prior to joining CAT Technology, Doug Koo was senior vice president and CFO at Wine.com, where his accomplishments included closing two rounds of private financing totaling more than $80 million for the company. Prior to Wine.com, Koo was the CFO and Blue Chalk Cafe Corporation where he managed the headcount growth from 70 to over 500. Koo's extensive financial and operational background also includes positions as principal at Gemini Consulting (now a division of Ernst & Young) and associate at KPMG KPMG Klynveld Peat Marwick Goerdeler (accounting firm) KPMG Kaiser Permanente Medical Group KPMG Keiner Prüft Mehr Genau (German) KPMG Kommen Prüfen Meckern Gehen Peat Marwick. Koo earned his MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration from Stanford University Stanford University, at Stanford, Calif.; coeducational; chartered 1885, opened 1891 as Leland Stanford Junior Univ. (still the legal name). The original campus was designed by Frederick Law Olmsted. David Starr Jordan was its first president. after spending several years managing the finance department of the Pacific Stock Exchange. "Doug has been tremendously successful in leading CAT's finances and operations, and the board has great confidence in his leadership, industry knowledge, and customer oriented approach", said Don Dixon, Cat Technology board member and Managing Director of Trident Capital. "He will be instrumental in driving CAT into the leadership role in the Internet infrastructure market." With Koo's promotion, former Director of Finance Carol Bertocchini will become Vice President of Financial Operations. "This business is very transaction intensive, Carol has done an unbelievable job structuring CAT's internal accounting and order management processes so that we can provide our customers with the best service," Koo stated. About CAT Technology CAT Technology (www.cattech.com) is the premier IT Infrastructure provider. Founded in 1993, CAT has partnered with top-tier technology companies to provide best-of-breed hardware, software and engineering talent to create world class Internet infrastructures. CAT Technology is headquartered in Los Gatos, CA, with additional offices in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , CA; Danville, CA; and Irvine, CA. Note to Editors: CAT Technology is a registered trademark of CAT Technology Inc. All other company or product names are the registered trademarks or trademarks of their respective owners. |
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