Celarix Names Financial Management Veteran Robert J. Kelly as New CFO.Business Editors CAMBRIDGE, Mass.--(BUSINESS WIRE)--Sept. 19, 2000 Celarix, Inc. (www.celarix.com), dedicated to bringing real customers Web-centric collaborative technology to improve the global supply chain, today announced the appointment of Robert J. Kelly as Chief Financial Officer. Kelly brings more than twenty years TWENTY YEARS. The lapse of twenty years raises a presumption of certain facts, and after such a time, the party against whom the presumption has been raised, will be required to prove a negative to establish his rights. 2. of technology and finance experience to Celarix' executive management team and is charged with leading the company's future strategic financial growth initiatives through acquisitions and, ultimately, an initial public offering. For the last three years, Kelly was the executive vice president and chief financial officer for Summit Technology (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : BEAM), where he was responsible for leading the company through a 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. and the acquisition of Autonomous Technologies. He was also responsible for leading the financial organization, managing all analyst and investor relations Investor relations The process by which the corporation communicates with its investors. , and directing the human resource and information technology divisions within the entire organization. Summit Technology was sold to Alcon Laboratories, a U.S. subsidiary of Nestle Corporation, in a transaction finalized See finalization. in August 2000. "Bob's experience with international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. paired with his assertive management style are the proven characteristics we were looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. to drive our company to the next level," said Evan Schumacher, 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 Celarix. As the former chief financial officer for Bull HN Information Systems, the US subsidiary of a French information technology company with over $5.5 billion in revenues, Kelly was responsible for driving the financial, business and legal initiatives for a global organization. He led multiple acquisitions, implemented cost reduction systems that were replicated worldwide by the parent company and improved the profitability of the international operations unit by more than $10 million in one year. "Celarix has a superior product set and an outstanding management team," said Kelly. "I was looking for an opportunity with a lot of growth potential - Celarix is beyond its years in product development and technology and has established itself as a leader in the industry. So many of the employees and executives have been on the client side of the business and understand the issues and challenges faced by our customers every day. The most successful companies in America were built on the combination of superior products serving underserved customers -- Celarix is serving underserved customers with the very best supply chain technology available today." About Celarix, Inc. Based in Cambridge, Mass., Celarix, Inc. (www.celarix.com) was founded in August 1998 by experts from the supply chain, logistics, technology and transportation industries. By leveraging decades of logistics experience, Celarix brings real customers Web-centric collaborative technology to improve the global supply chain, whether they're moving products across the street or around the globe. Celarix provides a single, centralized cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. logistics solution, delivered over the Web. The company offers applications that enable customers to connect with their supply chain partners, manage their logistics activities, analyze their logistics network performance, and procure and sell transportation through the latest messaging technologies - ultimately providing retailers, manufacturers, distributors, carriers, freight forwarders An individual who, as a regular business, assembles and combines small shipments into one lot and takes the responsibility for the transportation of such property from the place of receipt to the place of destination. and other trading partners with the information they need to improve customer service and profitability. |
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