DAMARK International, Inc. Announces the Appointment of Its New Senior Vice President and Chief Financial Officer.Business Editors MINNEAPOLIS--(BUSINESS WIRE)--July 31, 2000 DAMARK International, Inc. (Nasdaq: DMRK) announced today that Kim M. Mageau has joined its management team in the capacity of Senior Vice President and Chief Financial Officer, effective immediately. Ms. Mageau's areas of responsibility will include capital strategy, investor relations, all accounting and reporting functions, public relations, facilities, legal and general administration. She will report to George S. Richards, DAMARK's 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. . "This announcement marks the final step in separating the management teams at DAMARK and ClickShip Direct, Inc.," said Mark A. Cohn, Chairman, founder and Chief Executive Officer of DAMARK and Chairman and Chief Executive Officer of ClickShip Direct, Inc. "With these appointments we continue on our previously announced schedule to provide our shareholders with two pure play independent companies, each uniquely positioned to prosper in its chosen market space." "This is an outstanding appointment for DAMARK," added Mr. Richards. "Kim Mageau comes to DAMARK with a strong financial background, and a proven track record at a large publicly-traded direct marketing company. At Deluxe Corporation, she served in the capacities of Assistant Treasurer, and subsequently as Vice President of Finance and Chief Financial Officer at Deluxe Direct, a $700 million, multi-channel direct marketer of checks and related products to consumers and small businesses. Her latest position was Acting Chief Operating Officer/Chief Information Officer of Deluxe's recently spun-off subsidiary, eFunds. In addition, from her earlier experience as Deluxe's Vice President of Procurement, Supply Chain Management and Engineering, Ms. Mageau also brings administrative and process control abilities. Kim's multi-disciplined background in finance, operations and legal matters will allow her to provide unique leadership to our organization. We are very pleased to have this talented executive join our management team and look forward to her contributions." Steve Letak, formerly Senior Vice President and Chief Financial Officer at Damark, leaves this position to join ClickShip Direct, Inc. as its Vice President and Chief Financial Officer, as previously announced, reporting to Mark A. Cohn, Chairman and Chief Executive Officer of ClickShip Direct, Inc., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of DAMARK. Ms. Mageau, 42, obtained her BS in Accounting from Carlson School of Business and Management, University of Minnesota (body, education) University of Minnesota - The home of Gopher. http://umn.edu/. Address: Minneapolis, Minnesota, USA. , and her law Degree from William Mitchell College of Law William Mitchell College of Law is a law school located in St. Paul, Minnesota. It offers full and part-time legal education in pursuit of the Juris Doctor (J.D.) degree. It is accredited by the American Bar Association. , St. Paul, MN. Her professional designations include CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. and JD, and she has taught MBA and MBT programs. Mr. Letak, 45, graduated from Creighton University and obtained his MBA from the University of Minnesota. His professional designations include CPA, CIA CIA: see Central Intelligence Agency. (1) (Confidentiality Integrity Authentication) The three important concerns with regards to information security. Encryption is used to provide confidentiality (privacy, secrecy). and CPCU CPCU Chartered Property Casualty Underwriter CPCU Cardiac Progressive Care Unit CPCU Custody Pending Completion of Use . DAMARK International, Inc., operating under the PROVELL name, develops, markets, and manages leading edge membership and customer relationship management programs. PROVELL's proprietary programs provide purchase price discounts and other benefits related to consumer and small business needs in the areas of shopping, travel, hospitality, entertainment, health/fitness, and finance. As of July 1, 2000, consumers enjoyed benefits provided through nearly 2.2 million DAMARK-managed memberships. The Company is headquartered in Minneapolis, Minnesota and was founded in 1986. ClickShip Direct, Inc. provides outsourcing of order fulfillment and customer care services to retailers, e-tailers, direct marketers, and manufacturers. These services include online and offline order-capture, payment processing, inventory receipt, warehousing, merchandise shipment, after-the-sale customer service and support, and returns management. CSDI CSDI Computer Systems Development, Inc. CSDI Contract Status Data Input CSDI Compressed Serial Digital Interface operates two 375-seat customer care centers in Junction City, Kansas Junction City is a city in Geary County, Kansas, United States. The population was 18,886 at the 2000 census. It is the county seat of Geary CountyGR6. Fort Riley, a major U.S. Army post, is nearby. and Fayetteville, North Carolina Fayetteville is a city located in Cumberland County, North Carolina. As of the 2000 census, the city had a total population of 121,015. It is the county seat of Cumberland County GR6, and is best known as the home of Fort Bragg, a U.S. and a 408,000 square foot distribution center in Brooklyn Park, Minnesota Brooklyn Park is a city in Hennepin County, Minnesota, United States. As of 2005, it had a population of 66,408. It is a northwestern suburb of Minneapolis, Minnesota. Geography According to the United States Census Bureau, the city has a total area of 68.8 km² (26. . Headquartered in Minneapolis, Minnesota, ClickShip is a wholly owned subsidiary of DAMARK International, Inc. and was incorporated in January 2000. Additional information about CSDI can be found at www.clickshipdirect.com. |
|
||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion