Corillian Appoints John McCoy, Former CEO of Bank One, as Chairman of the Board.Business Editors BEAVERTON, Ore.--(BUSINESS WIRE)--June 22, 2000 Corillian Corporation (Nasdaq:CORI), a leading provider of eFinance solutions for the Internet, today announced it has appointed John McCoy John McCoy may refer to:
McCoy, 57, has spent the past 30 years in the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry, serving in various capacities at Bank One, a $270 billion bank based in Chicago, Illinois. Most recently, McCoy served as Bank One's chairman and CEO. "John McCoy is a perfect match with the requirements we set for selecting a chairman," said Ted Spooner  This biographical article or section is written like a resume.Please help [ improve this article] by revising it to be and encyclopedic. , president and CEO of Corillian. "His experience, perspective and understanding of the financial services industry will be a key asset for us to help us achieve our goals." Under McCoy's leadership, Bank One grew from $4 billion to $270 billion and completed 107 acquisitions. "As Corillian continues to grow to meet the needs of worldwide financial institutions, John's experiences will help us as we make strategic decisions," Spooner said. "Corillian has built a very talented team, and I have been impressed with the company's ability to deliver," McCoy said. "The banking industry is increasingly adopting new technologies, and Corillian's technical capabilities make it a leader in this space. I look forward to contributing to the mission of making Corillian the premier global eFinance solution provider." In addition to John McCoy's appointment to chairman, Corillian announced the following changes in the structure of its management team. -- Corillian's CEO, Ted Spooner, has also assumed the position of president of Corillian Corporation and remains a director on Corillian's board. -- Kirk Wright, formerly president, has accepted the position of managing director - global development, focusing on Corillian's international expansion from its London office. -- Executive Vice President of Global Sales Andrew White Andrew White may refer to:
appointed as 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. and will now lead all sales, professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. and operations activities. White has also been appointed as a member of the board of directors. About Corillian Based in Beaverton, Ore., Corillian Corporation is an award-winning provider of cutting-edge Internet-based technology Refers to the communications infrastructure of the Internet, which is based on the IP protocol. IP is part of the TCP/IP protocol suite. It may also refer to voice over IP (VoIP), which uses the Internet to make telephone calls. See VoIP, IP and TCP/IP. solutions geared toward fulfilling the eFinance needs of the financial services industry and its customers. Corillian applications support Internet-based banking, bill delivery and payment, brokerage, targeted marketing, and small business transactions through the comprehensive eFinance software package known as the Voyager eFinance Suite. Other Corillian client solutions include OneSource, the data aggregation and display program, and Browser Banker, a customizable browser-based (HTML HTML in full HyperText Markup Language Markup language derived from SGML that is used to prepare hypertext documents. Relatively easy for nonprogrammers to master, HTML is the language used for documents on the World Wide Web. ) interface. Corillian technology also enables Open Financial Exchange (OFX OFX Open Financial Exchange OFX Outer Fix OFX Open Effects ) access by personal finance management software packages such as Quicken(R) and Microsoft(R) Money. For more information on Corillian Corporation, visit the company's Web site at www.corillian.com. Matters discussed in this release may 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. that involve risks and uncertainties, and actual results may be materially different. Factors that could cause actual results to differ include the risk that Corillian's solutions do not continue to gain market acceptance, that Corillian's new chairman will not be adequately integrated into Corillian's operations or that Corillian will not develop or acquire new products or technologies to compete in the rapidly changing eFinance industry. Other risk include those stated in Corillian's reports and other documents filed from time to time with the Securities and Exchange Commission, including the prospectus included in its Form S-1 registration Statement filed on January 27, 2000, as amended. |
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