CertificatesNow.com Appoints Shepherd and Magna as Senior Officers; Company Hires Chief Financial Officer and Chief Technology Officer.Business Editors and High-Tech Writers SAN DIEGO--(BUSINESS WIRE)--March 21, 2000 CertificatesNow.com(TM), a secure Internet service that electronically stores and delivers certificates of insurance, announced today the hiring of two new senior officers. Scott Shepherd has been named chief financial officer and Larry Magna has been named chief technology officer. Both will report directly to Bill Mudge, 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. . As chief financial officer at CertificatesNow.com, Shepherd will cultivate relations with investors and the investment banking community, as well as be involved in operational activity and strategic direction. "Scott's extensive investment banking background combined with his experience structuring private equity transactions will provide us with the leverage we need to build our company and develop economically sound alliances," said Bill Mudge, president and CEO. Prior to joining CertificatesNow.com, Shepherd was a vice president of Goldman, Sachs & Co. in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of in the Investment Banking Division. In his 10 years at Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street. , Shepherd worked in a variety of product areas and industry groups. His expertise in the insurance industry includes working on the demutualizations of The Equitable and Allstate Insurance. He has executed numerous public and private market transactions in his investment banking career, including 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. , follow-on equity, merger and debt financings. Recently, Shepherd ran technology company coverage in the leveraged finance department, where his work included financings for Webvan. Shepherd 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 in management from the Wharton School, where he graduated with distinction. He completed his undergraduate degree “First degree” redirects here. For the BBC television series, see First Degree. An undergraduate degree (sometimes called a first degree or simply a degree in economics at Northwestern University Northwestern University, mainly at Evanston, Ill.; coeducational; chartered 1851, opened 1855 by Methodists. In 1873 it absorbed Evanston College for Ladies. . Magna brings a wealth of insurance industry expertise to CertificatesNow.com. As chief technology officer, he is responsible for enabling legacy agency management systems to function with the CertificatesNow.com Internet service. He will also manage technical relationships and drive direction and implementation. "Larry's insurance experience gives CertificatesNow.com an advantage to help lead the insurance industry in its move to e-commerce," Mudge said. "His insight provides us with the guidance we need to further our business plan." Formerly, Magna was senior vice president and chief information officer of Golden Eagle Insurance Corporation (GEIC ge´ic a. 1. (Chem.) Pertaining to, or derived from, earthy or vegetable mold. geic acid (Chem.) See Humin. ) where he was responsible for production services and support, systems and programming, network (telecom and data) technology planning and Internet development. While working at GEIC, Magna set and implemented the company's technical vision and established common technology and application system direction for their sister corporations. Magna also created one of the first Internet sites for rating, quoting and electronically submitting commercial insurance products. Prior to GEIC, he held positions as senior vice president of information technology at CSE (Certified Systems Engineer) See Microsoft certification. Insurance Group for eight years and was general manager of Opinion Relay Services Inc. CertificatesNow.com is a secure Internet service that electronically stores and delivers certificates of insurance. This patent-pending technology allows certificates of insurance to be instantly downloaded or forwarded via fax or email, saving time and money, eliminating paperwork and improving customer satisfaction. Insurance providers and their clients can access and send certificates of insurance 24 hours a day, seven days a week. The parent company developing this service is ConfirmNet(TM) Corporation, a leading e-commerce service provider An organization that provides any combination of consulting, software and computer systems for e-commerce Web sites. for the insurance industry's "back-office" processes. CertificatesNow.com's operating headquarters are located in San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. , Calif. For more information, visit CertificatesNow.com's Web site at www.CertificatesNow.com or call 877/669-8600. Note to editors: Photos and digital photos of executives are available. |
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