CoreHarbor Names Thomas Stallings President and Chief Operating Officer; CoreHarbor Leverages Fortune 500 Executive's Operations and Supply Chain Software Experience.Business Editors ATLANTA--(BUSINESS WIRE)--Oct. 8, 2002 CoreHarbor, Inc., the leading eCommerce service provider specializing in spend management solutions, today announced it has appointed Thomas Stallings as president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , with CoreHarbor founder, Jay Chaudhry remaining as chief executive officer and chairman of the Board of CoreHarbor. As president and COO (Cell Of Origin) See mobile positioning. , Stallings will drive CoreHarbor's strategy, which assists companies in the managing of their eCommerce solutions as well as improving purchasing practices and bottom-line results. With over 25 years of marketing, sales and management experience as a Fortune 500 executive, Stallings has intimate knowledge of operations management Operations management is an area of business that is concerned with the production of goods and services, and involves the responsibility of ensuring that business operations are efficient and effective. and a deep understanding of how supply chain technology can optimize optimize - optimisation a corporation's spending practices. "We are delighted to add an executive of his caliber to the CoreHarbor team and look forward to his expertise and leadership as we focus aggressively on CoreHarbor's growth and profitability," said Jay Chaudhry, CoreHarbor founder and chairman. "Tom's diverse background, practical experience and leadership will have an immediate and positive impact on meeting CoreHarbor's corporate objectives." "In today's economic environment, I don't know Don't know (DK, DKed) "Don't know the trade." A Street expression used whenever one party lacks knowledge of a trade or receives conflicting instructions from the other party. of a company that couldn't benefit from reducing costs," said Stallings. "Companies are 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. solutions that help them manage and control their spending. Though companies can reduce their spending by internally implementing a spend management solution, CoreHarbor can help a company to maximize the benefits much faster with our expertise and hosted and managed solutions." Stallings previously served as chief executive officer at Cambar Software, Inc. and Analytika, Inc., successfully steering both companies through profitable acquisitions. Stallings also served as Area Vice President for the telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. business unit at Oracle. Prior to that he held numerous sales and marketing executive positions at the IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) Corporation. About CoreHarbor, Inc. CoreHarbor is the leading provider of hosted and managed eCommerce solutions. CoreHarbor offers the rapid deployment and management of ready-to-go hosted eCommerce solutions including eProcurement, Sell-Side, and eSourcing with auction events. With a singular eCommerce focus, CoreHarbor delivers Ariba, Blue Martini and Vinimaya solutions; secure infrastructure, ongoing management and support, and unparalleled expertise for eBusiness and technology implementation. CoreHarbor's client base includes companies like Digital Insight, Network Associates, RubberNetwork and Sunoco. CoreHarbor can be contacted in Atlanta at 800.267.3151 or visit www.CoreHarbor.com. |
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