CheMatch.com Names Larry McAfee President; Announces Several Additional Promotions.Business/Energy Editors & High-Tech Writers HOUSTON--(BUSINESS WIRE)--Sept. 7, 2000 CheMatch.com Inc., a leading Internet-based market and information resource for buying and selling bulk commodity chemicals, plastics and fuel products, today announced several internal management promotions. The Company's board of directors today elected Larry McAfee to the position of president of CheMatch.com. Mr. McAfee joined CheMatch.com as senior vice president and chief financial officer in September of 1999. In January of this year, he was promoted to executive vice president and in February he was elected to the Company's board of directors. The Company also announced that Mike Appling, formerly vice president-corporate development, has been promoted to vice president and chief financial officer and will now be responsible for all corporate finance, as well as, corporate development activities. Scott Creasman, vice president and chief accounting officer, will assume additional responsibilities, including human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. , risk management and legal. Carl McCutcheon, chairman and chief executive officer, noted, "CheMatch.com's business continues to expand rapidly. Our customer base has expanded more than five fold year-to-date. We are the clear leader in the bulk chemical e-commerce market with a myriad of opportunities ahead of us. Larry McAfee and the rest of our management team have done an outstanding job to fuel this tremendous growth. With the management changes announced today we believe we are better positioned to service our existing customers while simultaneously continuing to pursue additional strategic business relationships." About CheMatch.com CheMatch.com is a business-to-business Internet-based marketplace for purchasers and sellers of commodity chemicals, plastics and fuel products. Our market place incorporates a real-time, interactive trading exchange where members can trade 24 hours a day, seven days a week. Strategic and financial investors include Battery Ventures, Bayer AG Bayer AG German chemical and pharmaceutical company. Founded in 1863 by Friedrich Bayer (1825–1880), it now operates plants in more than 30 countries. Bayer has originated scores of pharmaceuticals, chemicals, and synthetic materials; it was the first developer and (NYSE NYSE See: New York Stock Exchange :BAYZY)(FSE FSE 1. feline spongiform encephalopathy. 2. focal symmetrical encephalomalacia. :BAYG.F), Computer Sciences Corporation (NYSE:CSC), E.I. DuPont de Nemours and Company (NYSE:DD), General Electric Company (NYSE:GE), Millennium Chemicals Millennium Chemicals Inc is a U.S. based chemical company. The business was established in 1985. It was a subsidiary of British conglomerate Hanson plc at one time, but was demerged on 1 October 1996, when it became an independent listed company. (NYSE:MCH See Intel Hub Architecture. ), H. Muehlstein & Co. Inc., Reed Elsevier, Sprout Group, Stolt-Nielsen S.A. (Nasdaq:STLTF)(Nasdaq:STLBY)(Oslo Stock Exchange Oslo Stock Exchange An exchange founded in 1819 and trading stocks, bonds, and stock options that is considered the options market of Norway. :SNIB snib tr.v. snibbed, snib·bing, snibs Chiefly British To latch (a door or window): "[The] window is snibbed on the inner side" ), and TownsendTarnell. Headquartered in Houston, CheMatch.com has international offices in Brussels, Hong Kong, Manchester (United Kingdom), Sao Paulo, Singapore, Tokyo and Zurich. |
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