Commerce One Names Alexsis de Raadt-St. James Senior Vice President, Chief Strategy Officer; de Raadt-St. James to Drive Commerce One Worldwide Market and Product Strategy.Business Editors PLEASANTON, Calif.--(BUSINESS WIRE)--Aug. 14, 2001 Commerce One, Inc. (Nasdaq:CMRC CMRC Canadian Motosport Racing Club CMRC Commerce One Inc. (stock symbol) CMRC Caribbean Marine Research Center CMRC Crime Mapping Research Center CMRC Credit Management Research Centre (UK) ), the e-marketplace company, today announced the appointment of Alexsis de Raadt-St. James as senior vice president and chief strategy officer. De Raadt-St. James will lead the development of Commerce One's long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. market and product strategy. She reports directly to Mark Hoffman, chairman 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. , effective immediately. "We are delighted to add Alexsis to the Commerce One team," said Mark Hoffman, chairman and CEO of Commerce One. "Her understanding and hands-on experience in building a global e-business brings yet another level of customer knowledge and depth to our management team. We believe that her rich background in both technology and market strategy will be key contributors to the long-term success of Commerce One." Before joining Commerce One, de Raadt-St. James was a Sloan Fellow at Massachusetts Institute of Technology Massachusetts Institute of Technology, at Cambridge; coeducational; chartered 1861, opened 1865 in Boston, moved 1916. It has long been recognized as an outstanding technological institute and its Sloan School of Management has notable programs in business, , where she focused on key issues such as managing innovation and technology diffusion diffusion, in chemistry, the spontaneous migration of substances from regions where their concentration is high to regions where their concentration is low. Diffusion is important in many life processes. . Prior to that, she spent 13 years with Shell International Limited, in a variety of management positions. At Shell, de Raadt-St. James most recently served as head of eVentures in London. Her other positions at Shell included: head of Mergers and Acquisitions in London, investment manager with the Royal Dutch Pension Fund in Holland and senior treasury advisor. Before joining Shell, de Raadt-St. James worked for the investment bank Kidder Peabody in London and Boston. About Commerce One Commerce One (Nasdaq:CMRC) is the e-marketplace company. Through its software, services and Global Trading Web(TM) of interconnected business communities, Commerce One enables worldwide commerce on the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the . With headquarters in Pleasanton, Calif. and offices around the world, Commerce One can be reached by phone at 800/308-3838 or 925/520-6000 or via the Internet at www.commerceone.com. Forward Looking Statements The foregoing paragraphs include forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of Section 27A of the Securities Act of 1933, as amended a·mend v. a·mend·ed, a·mend·ing, a·mends v.tr. 1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive. 2. , and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include statements concerning the role Ms. De Raadt-St. James will take in leading Commerce One's long-term product and market strategy. The words "believe," "expect," "will" and similar phrases as they relate to Commerce One are intended to identify such forward-looking statements. Such statements reflect the current views and assumptions of Commerce One, and are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. These risks include, but are not limited to, reduction in demand for software products and services, unexpected expenses, the ability of Commerce One to successfully implement its expansion plans, delays in developing or shipping new versions of our e-marketplace solutions, the possibility that e-marketplace solutions offered may not meet user expectations, the extent of customer adoption and utilization of the solutions provided, operational difficulties including unexpected delays integrating acquired companies, the possibility that key members of the management team may leave, risks related to the World Wide Web, general economic conditions, intense and increasing competition in the market and volatility of the stock market. For a discussion of these and other risk factors that could affect Commerce One's business, see "Risk Factors" in Commerce One's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2000 as well as its Quarterly Report on Form 10-Q Form 10-Q See 10-Q. for the quarter ended March 31, 2001. |
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