David W. Mullins, Jr. Named Chairman of the Board of vSimplify.Business Editors STAMFORD, Conn.--(BUSINESS WIRE)--July 12, 2000 Former Vice Chairman of the Federal Reserve The Chairman of the Board of Governors of the Federal Reserve System is the head of the central banking system of the United States and one of the most important decision-makers in American economic policies. Brings Extensive Executive Experience vSimplify, a hosted enterprise portal See corporate portal. company featuring an extensive range of Intranet functions, online benefits management and business services, has named David W. Mullins, Jr. Chairman of the Board. In addition to serving as Vice Chairman of the Federal Reserve Board in the early 90s, Dr. Mullins also served as Assistant Secretary of the U.S. Treasury U.S. Treasury Created in 1798, the United States Department of the Treasury is the government (Cabinet) department responsible for issuing all Treasury bonds, notes and bills. Some of the government branches operating under the U.S. Treasury umbrella include the IRS, U.S. during the Bush Administration. He was also a Principal at Long Term Capital Management, L.P., an international investment management firm. Dr. Mullins has also served as a professor at Harvard University Harvard University, mainly at Cambridge, Mass., including Harvard College, the oldest American college. Harvard College Harvard College, originally for men, was founded in 1636 with a grant from the General Court of the Massachusetts Bay Colony. Graduate School of Business Administration for 16 years. Dr. Mullins will play an active role in strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. and business development for the business-to-business company. "I am pleased to join vSimplify and to build on the company's solid foundation and unique business model," said Dr. Mullins. "In an era when so many dot-coms have lost sight of strong business fundamentals business fundamentals The general background within which an economy operates including earnings, sales, wage rates, taxes, and inflation. Improving business fundamentals are generally viewed as bullish for stocks, although stock prices at any given point , vSimplify has successfully integrated an innovative Web-based platform with a highly experienced team of operating, marketing, sales and customer service professionals. I look forward to continuing the company's fast-track strategic planning and to working with a skilled executive management team." vSimplify offers an extensive range of hosted Intranet functions, benefits management services, web business tools for employers and employees, and a comprehensive online learning center. "In this next generation of Internet companies, it will take more than just a set of web-based services and tools to become successful. Under the direction of Dr. Mullins, our seasoned management team will execute and implement our vision to simplify work and life for employers and employees," said Girish V. Nadkarni, Founder 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 vSimplify. "His extensive experience and industry knowledge will be instrumental as we combine the best of the clicks and the best of the bricks worlds. Dr. Mullins will ensure that we operate a sustainable, profitable, high-growth Internet company." Dr. Mullins holds a Bachelor of Science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies from Yale University, and a Masters degree in finance and a Ph.D. in finance and economics both from 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, . He served as a professor at Harvard University Graduate School of Business Administration for 16 years. About vSimplify.com vSimplify, formerly known as Benefitsportal.com, was formed in late 1999 to provide Hosted Enterprise Portal services to small and midsize businesses. The company's platform integrates an extensive range of hosted Intranet functions, online benefits management services, employee self-service, business-class email, online learning, best-of-breed business services and employee discounts. vSimplify's full spectrum of web-based services and functions is available for an economical per employee, per month subscription fee. vSimplify's "digital backbone" eliminates the need to build, maintain or license costly web-based enterprise systems and services for businesses that do not have the financial or Information Technology resources to maintain robust web-based systems. |
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