ChemConnect Names Eric T. Paulsen Vice President, Trading Services.Business Editors SAN FRANCISCO--(BUSINESS WIRE)--Sept. 26, 2001 Paulsen's Responsibilities Include Overseeing Further Development of Risk Management Tools to Enhance ChemConnect's Growing Forward Market Activity ChemConnect Inc., the company that provides the only end-to-end e-commerce solution for buyers and sellers of chemicals and plastics worldwide, today announced that Eric T. Paulsen has joined the company as vice president, trading services. Mr. Paulsen is a 25-year industry veteran with executive and entrepreneurial experience in chemicals, plastics, energy, and financial markets. Calling upon his extensive experience in financial markets and in-depth knowledge of the way in which chemicals and plastics markets operate, Mr. Paulsen will work closely with industry leaders to develop the tools and services that will spur the growth of forward markets for improved risk management opportunities. Forwards are legally binding obligations to buy or sell a particular product at a specific price and location at a specific date in the future and are used by companies to help predict earnings and manage price risk for a wide variety of commodity chemicals and plastics. "Eric's expertise in a wide range of chemical and energy trading and risk management activities will help ensure that the products and services on our commodities trading exchange continue to support our Members as they meet their business challenges," said John Robinson Several notable individuals have been named John Robinson: Politicians
"One reason I'm so enthused about joining ChemConnect is that it has a proven history of working with its Members to tailor its offers to meet real-world needs," Paulsen said. "We're committed to supporting them in the creation of real economic benefit by helping them develop the liquidity in forward markets that is the foundation for establishing risk management tools. As I see it, the logical path is to focus on product liquidity and price transparency Price Transparency The accessibility of information on the order flow for a particular stock, allowing knowledge of the quantities of stock being offered and the bids at the various price levels. Also referred to as "market depth. to develop indices and appropriate risk management tools so Members have a firm basis for participating in those forward markets." As a director at Enron Capital and Trade Resources, a division of Enron Corporation Enron Corporation, U.S. company that in 2001 became the largest bankruptcy and stock collapse in U.S. history up to that time. The company was formed in 1985 when InterNorth purchased Houston Natural Gas to create the country's longest natural-gas pipeline network. , Mr. Paulsen helped spearhead the development of a financial price risk management business for petrochemicals and plastics. Following Enron, Mr. Paulsen was a founding principal of the investment, consulting, and capital advisory firm, Plassein Partners LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , where he managed mergers, acquisitions, and consolidation transactions for a wide range of industries, including plastics processing Plastics processing Those methods used to convert plastics materials in the form of pellets, granules, powders, sheets, fluids, or preforms into formed shapes or parts. . He was instrumental in the formation of Plassein International Corporation, a privately held specialty packaging company. At ChemConnect, he will use his expertise to further develop liquidity and market breadth market breadth See breadth of market. for both physical and financial transactions on the Commodities Floor, where 3.5 million metric tons of product have been traded so far this year -- including financial forward transactions in oxygenates and aromatics. Mr. Paulsen's career at Enron also included management roles in domestic and international trading and marketing, commercial operations, business development and 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. . He helped develop and execute structured financial transactions, from acquisitions and divestitures to public offerings, joint ventures, and limited partnerships with Enron and other companies. Prior to joining Enron, Mr. Paulsen was vice president of marketing at CSX CSX Chessie Seaboard Multiplier (railroad transportation company) CSX Cayman Islands Stock Exchange CSX Changsha, China (Airport Code) CSX Cardiac-Specific Homeobox CSX Seaboard Coastline Railroad NGL NGL - A dialect of IGL. Corporation/Texas Gas Exploration, where he was responsible for worldwide supply, trading, and marketing of natural gas liquids, crude oil, and refined products. Mr. Paulsen holds a BBA BBA abbr. Bachelor of Business Administration in finance from Texas Tech University. About ChemConnect ChemConnect, Inc. provides the only end-to-end e-commerce solution for buyers and sellers of chemicals and plastics worldwide. At the front end of the transaction cycle, Members work with ChemConnect to develop effective sourcing and sales plans. To facilitate fast and effective transactions, ChemConnect offers the broadest set of online negotiation tools; each designed to meet particular business requirements. ChemConnect's tools makes it easy for its Members to negotiate with their existing partners as well as establish valuable new relationships. At the back end of the transaction cycle, ChemConnect provides a single point of contact for order fulfillment Order fulfillment (in BE also: order fulfilment) is in the most general sense the complete process from point of sales inquiry to delivery of a product to the customer. Sometimes Order fulfillment , logistics, invoicing in·voice n. 1. A detailed list of goods shipped or services rendered, with an account of all costs; an itemized bill. 2. The goods or services itemized in an invoice. tr.v. , and the monitoring and tracking of transactions. For more information visit www.chemconnect.com. Note to Editors: ChemConnect is a registered trademark of ChemConnect, Inc. All other product, trademark, company or service names mentioned herein are the property of their respective owners. |
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