Career Central Welcomes New Chief Financial Officer Sandy Fitch.Business Editors PALO ALTO Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif.--(BUSINESS WIRE)--March 7, 2000 Career Central Corporation, the leading Internet executive search service announced that Sandy Fitch has joined the company as Chief Financial Officer. Mr. Fitch will be responsible for all aspects of the companies financial operations. Mr. Fitch has more than thirteen years experience in the role of chief financial officer. "He is uniquely qualified to lead Career Central's financial strategy," said Jeffrey Hyman, 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 Career Central. "Sandy has successfully taken two of his former companies public, and his experience will make him an invaluable addition to our executive management team as we continue to grow." Mr. Fitch joins Career Central from Made-to-Order.com, a business-to-business e-commerce company in the customized products category, where he was Chief Financial Officer. From 1994 to 1999, Mr. Fitch was Chief Financial Officer of Conceptus conceptus /con·cep·tus/ (-tus) the product of the union of oocyte and spermatozoon at any stage of development from fertilization until birth, including extraembryonic membranes as well as the embryo or fetus. Incorporated, a medical device spin-off of Target Therapeutics, which brings minimally invasive procedures to women's health Women's Health Definition Women's health is the effect of gender on disease and health that encompasses a broad range of biological and psychosocial issues. issues. He successfully led a $46 million Initial Public Offering for the company, in addition to building the company's financial and operations infrastructure. He continues to serve on the Conceptus' Board of Directors. Prior to that, Mr. Fitch was Chief Financial Officer of Sandisk Corporation, a venture-backed flash memory card start-up. He helped raise $15 million in venture capital. He built a credible finance and IS organization, and negotiated the sale of 25% of the company to Seagate Technology (company) Seagate Technology - A major manufacturer of hard disk drives, founded in 1979 as "Shugart Technology" by Alan F. Shugart and Finis Conner. That name is on the original patents for the 5.25" hard disk drive. . Previously, Mr. Fitch was Chief Financial Officer of Komag Incorporated in Milpitas, a high technology supplier of thin film rigid disks to the disk drive industry He joined Komag as the 10th employee. After implementing systems to control a high-growth environment, Mr. Fitch conducted three private equity financings and numerous debt financing Debt Financing When a firm raises money for working capital or capital expenditures by selling bonds, bills, or notes to individual and/or institutional investors. In return for lending the money, the individuals or institutions become creditors and receive a promise to repay vehicles to support a capital-intensive business. He negotiated and implemented a joint venture manufacturing operation in Japan with a multi-billion dollar Japanese company and served on its Board of Directors. Mr. Fitch then lead the company's initial public offering in 1987 and led the communications program Software that manages the transmission of data between computers, typically via modem and the serial port. Such programs were very popular for connecting to BBSs before the Internet took off. with the financial community. Mr. Fitch held finance positions with Raychem, Telecommunications Technology, and Durango Systems Mr. Fitch holds an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration and a BS in Chemistry, both 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. . About Career Central Corporation Career Central is the first e-mail based recruitment service to exclusively target passive job seekers. The company uses its proprietary JobCast e-mail technology to connect qualified business professionals and software developers with recruiters and HR professionals at a fraction of the cost of traditional recruitment firms. Career Central investors include QuestMark Partners, Technology Crossover Ventures, Softbank Ventures, IDG IDG International Data Group IDG Integrated Drive Generator IDG Installation Design Guide IDG Internet Discussion Group IDG Inset Dielectric Guide IDG International Dangerous Goods (mail, shipping) Ventures, Arthur Rock, and Allen & Company. Individuals who register for the service will receive JobCasts via e-mail. The site's easy-to-use profiling system matches qualified candidates with appropriate jobs. Over 195,000 members take advantage of the free career service by signing up at http://www.careercentral.com. Information about Career Central is available at http://www.careercentral.com or by calling 800/932-4668. |
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