Celarix Appoints Industry Veteran to Board of Directors.Business Editors BOSTON--(BUSINESS WIRE)--March 13, 2000 Former 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 P&O Nedlloyd North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. Brings Wealth of Experience to Celarix Team Celarix, Inc., the leading provider of web-based transportation procurement and logistics management Logistics Management is that part of Supply Chain Management that plans, implements, and controls the efficient, effective, forward, and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet services, announced today the appointment of Christopher Rankin Christopher Rankin (1788 - March 14, 1826) was a U.S. Representative from Mississippi. Born in Washington County, Pennsylvania, Rankin completed preparatory studies at Canonsburg, Pennsylvania, moved to Georgia. He taught a village school and studied law at the same time. , former president and CEO of P&O Nedlloyd North America, to its board of directors. This board appointment demonstrates Celarix dedication to addressing the needs of transportation services providers by providing an executive-level resource with extensive relationships and over 30 years of industry experience. "We are pleased we are able to leverage Christopher's knowledge and experience in the industry as we continue to build more functionality around our Provider Services," said Evan Schumacher, CEO of Celarix, Inc. "Christopher's senior management experience, combined with his knowledge of the global transportation industry, makes him a perfect addition to Celarix board of directors." While at P&O Nedlloyd, Rankin was responsible for growing business volume in North America by six times over a ten-year period and moved the company's industry ranking from sixteen to six. Following a 30-year tenure with P&O Nedlloyd, Rankin established his own consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a , Rankin Associates LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , to work with companies providing or seeking new and improved transportation solutions and processes. "Celarix has focused on developing solutions that simplify the way carriers and shippers conduct business thereby expelling ex·pel tr.v. ex·pelled, ex·pel·ling, ex·pels 1. To force or drive out: expel an invader. 2. layers of unnecessary cost," said Christopher Rankin, president & CEO, Rankin Associates LLC. "I believe the spread of the Internet phenomenon into the international transportation industry is inevitable. I also believe Celarix is delivering a solution that produces win-win results for carriers - I hope to leverage my experience to establish partnerships with ocean carriers by demonstrating the potential of these solutions." Since its inception, Celarix has raised over $59 million in funding from venture capital and private investors. Its last round, announced January 20, was led by Chase H&Q, with additional funding from Technology Crossover Crossover The point on a stock chart when a security and an indicator intersect. Crossovers are used by technical analysts to aid in forecasting the future movements in the price of a stock. In most technical analysis models, a crossover is a signal to either buy or sell. Ventures, Integral Capital Partners, Charles River Charles River River, eastern Massachusetts, U.S. The longest river wholly in the state, it flows into Boston Bay after a course of about 80 mi (130 km). Navigable for about 7 mi (11 km), its estuary separates the cities of Boston and Cambridge. Ventures, TL Ventures, Comdisco and private investors. About Celarix Based in Boston, Mass., Celarix, Inc., was founded in August 1998 by experts from the supply chain, logistics, technology and transportation industries. Celarix provides shippers and transportation service providers with comprehensive, integrated applications that combine the ability to procure transportation services and manage the logistics process on-line. By uniting the power of web-hosted software applications with the speed and accessibility of the Internet, Celarix empowers professionals responsible for the logistics and transportation process to make informed decisions with measurable results. For more information on Celarix and its solutions, access the company's web-site at www.celarix.com. |
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