David Shpilberg Named Interim Chief Executive Officer of Nimbus Group, Inc.; Former Vice-Chairman of Ernst & Young appointed to help transition Company.Business Editors FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Oct. 9, 2001 Nimbus Group (AMEX AMEX See: American Stock Exchange :TTA TTA Telecommunications Technology Association (Korea) TTA Teacher Training Agency (UK) TTA Triangle Transit Authority (Raleigh/Chapel Hill/Durham, North Carolina, USA) ) (AMEX:NMC NMC Nursing & Midwifery Council (UK) NMC NSSDC Master Catalog (NASA) NMC Northwestern Michigan College (Traverse City, Michigan) NMC National Meteorological Center ) today announced the appointment of Dr. David Shpilberg as interim Chief Executive Officer. He will be responsible for initiating the transition of the company into a leading business-to-business air taxi service. Over the next 7 years, Nimbus is committed to the development of a lower cost, reliable and secure private jet air taxi network of 1,000 aircraft. Dr. Shpilberg will help Nimbus complete its business-to-business plan and start recruiting an executive team experienced in the Air Charter business. Once these tasks are completed, Dr. Shpilberg will hand over management of Nimbus to the new executive team. Dr. Shpilberg, 51, an internationally recognized leader on technology and business transformation, is 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. of Shpilberg Management Associates, LLP LLP - Lower Layer Protocol (SMA (1) See SMA connector. (2) (Shared Memory Architecture) See shared video memory. (3) (Software Maintenance Association) A membership organization that began in 1985 and ended in 1996. ), a Strategy Consulting Firm that helps its clients develop business opportunities enabled by disruptive technology. Prior to founding SMA, Dr. Shpilberg was 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 Executive Vice President of Knight Trading Group, Inc., an electronic trading securities firm, where he was responsible for the expansion of Knight's technology and process infrastructure to new products, and new operations in Europe and Japan. Before that, he was Vice-Chairman of Ernst & Young Consulting Services. In this post, he was responsible for Information Technology Services worldwide, corporate strategy, and new business ventures. Before that, he was Vice- President of Information Technology at Goldman, Sachs and Company, where he oversaw the firm's global information systems for the equities and asset management divisions. Dr. Shpilberg holds a B.S. in Aeronautics and Astronautics, a M.S. in Operations Research and a Ph.D. in Management Science, all from the 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, . His work on airport risk management, statistical decision theory and artificial intelligence has been widely published and is the subject of academic awards and a business case developed by Harvard University. His views on information technology have appeared in The Wall Street Journal, Business Week and Fortune among other publications. Dr. Shpilberg has served on the faculty of several universities including IESA IESA Infogrames Entertainment SA IESA International Executive Security Association IESA Illinois Elementary Sports Association IESA Integrated Equiangular Spiral Antenna in Caracas, Georgia State and The Wharton School of Business of the University of Pennsylvania (body, education) University of Pennsylvania - The home of ENIAC and Machiavelli. http://upenn.edu/. Address: Philadelphia, PA, USA. . "I am pleased to be able to help Nimbus as it embarks on its new challenge," said Dr. Shpilberg, "The air travel industry is being transformed by the confluence of new technologies and current events. Nimbus has recognized the substantially lower cost per mile promised by a new generation of private jet aircraft, led by innovators such as Eclipse Aviation. The availability of this new aircraft, together with the ever growing need of business and family travelers to get to their destinations efficiently and safely, create the market opportunity for Nimbus." To make way for Dr. Shpilberg's appointment as interim Chief Executive Officer, Mr. Albert Friedman resigned from his position as President and Chief Executive Officer. Mr. Friedman will remain as President of Take to Auction.com, 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 Nimbus Group. "I'd like to thank Mr. Friedman for his significant contribution to Nimbus Group to date. I look forward to working with him as he takes Take to Auction to the next level," said Dr. Shpilberg. Commenting on the appointment, Nimbus Group Chairman, Mr. Ilia Lekach stated, "Nimbus has added a rare blend of experience and intellect. David is both an innovator and an internationally recognized expert in management and technology. Nimbus could not have found a better professional to help us through this important phase. " About Nimbus Group Nimbus Group intends to make personal jet travel broadly affordable throughout North and South America. Pre-screened "Nimbus Travel Card" members will have the convenience to travel at the spur of the moment "<B>Spur of the Moment</B>" is an episode of the American television anthology series <em>The Twilight Zone</em>. <H2>Details</H2>*Episode number: 141*Season: 5*Production code: 2608*Original air date: February 21, 1964*Writer: Richard in comfort and safety. Nimbus Group, through an affiliated network of travel agents, limousine companies, air charter companies and airlines, will provide travelers with individualized air taxi transport on-demand, doorstep to destination. This efficient business-to-business air taxi system will be supported by proprietary logistics technology and the best security and operations team in the industry. http://www.nimbusjets.com. |
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