Celarix Appoints Mark D. Shooman as Chief Financial Officer.BOSTON--(BUSINESS WIRE)--Oct. 4, 1999-- Celarix, Inc., a provider of web-based logistics services, today announced the appointment of Mark D. Shooman as chief financial officer. "We're fortunate to have Mark join our executive team as we continue to grow and expand our business," said Evan Schumacher, chief executive officer and co-founder of Celarix, Inc. "He brings to us significant experience in the financial and technology industries. His experience with mergers and acquisitions, initial public offerings (IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. ) and foreign operations will benefit us enormously as we move forward." Shooman comes to Celarix from ADE Corporation, a semi conductor equipment manufacturer, where he was vice president, chief financial officer and treasurer. In that capacity he managed ADE's IPO and follow-on offering Follow-On Offering An offering of additional shares after a company has had an initial public offering. Notes: This sometimes means the company is strapped for cash. So they need to issue more shares to pay bills or finance a new project. , raising over $80 million. Prior to that position, he was vice president and chief financial officer of the retail sales division of Fidelity Investments Fidelity Investments is a group of privately held companies in the financial services industry. It is made up by two independent but closely cooperating companies, Fidelity Management and Research Corporation (FMR Co. . He spent 13 years as a management consultant for Wolf & Company of Massachusetts and Deloitte & Touche. His areas of expertise include strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. , financial management, mergers and acquisitions, and systems selection and implementation. Shooman earned a 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 in electrical engineering from Renesselaer Polytechnic Institute and a master's degree in business administration from Ohio State University Ohio State University, main campus at Columbus; land-grant and state supported; coeducational; chartered 1870, opened 1873 as Ohio Agricultural and Mechanical College, renamed 1878. There are also campuses at Lima, Mansfield, Marion, and Newark. . He also is a certified public accountant Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. . About Celarix Based in Boston, Mass., Celarix, Inc., was founded in August 1998 by logistics professionals, for logistics professionals who demand a smarter way to work. A web-based, vendor-neutral solution designed for the logistics professional, Celarix.com combines the ability to buy and sell transportation services through an exchange with the ability to manage the entire logistics process. By uniting the power of web-hosted software applications with the speed and accessibility of the Internet, Celarix.com empowers global logistics professionals to make informed decisions with measurable results. For more information on Celarix and its solutions, access the company's website at www.celarix.com. |
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