Derow Joins GlobalSpec.com Board; Former Newsweek and CBS Executive to Bring Media Leadership to Internet Resource.Business Editors TROY, N.Y.--(BUSINESS WIRE)--Feb. 1, 2000 GlobalSpec.com, the Internet's leading resource for engineers and other technical buyers, today announced the appointment of Peter A. Derow, nationally known media industry leader, to the company's board of directors. Derow, who served as chairman and president of Newsweek, director of The Washington Post Company, president of CBS (Cell Broadcast Service) See cell broadcast. Publishing Group, and senior vice president and director of CBS, Inc., most recently was president and chief executive officer of Institutional Investor Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. , Inc. Derow currently serves as a director of EarthWeb, Global Decisions Group, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . (not associated with GlobalSpec.com) and 101 Communications, LLC. &uot;Throughout his career Peter Derow Peter Sidney Derow (11 April 1944, Newport, Rhode Island – 9 December 2006, Oxford, England), MA, PhD was Hody Fellow and Tutor in Ancient History at Wadham College, Oxford and University Lecturer in Ancient History from 1977 to 2006. has shown the leadership and media understanding needed to assist a company like GlobalSpec.com during a period of explosive growth,&uot; said John Schneiter John Schneiter is a Swiss bobsledder who competed in the late 1920s and early 1930s. He won a silver medal in the four-man event at the first FIBT World Championships in Montreux, Switzerland at the Caux-sur-Montreux hotel in 1930. , president of GlobalSpec.com. &uot;We're excited to have someone of Peter's caliber join us as we build GlobalSpec.com into the premier engineering resource of its kind on the Web.&uot; &uot;I am delighted to have the opportunity to continue to work with the GlobalSpec.com team to create what we all believe will be the leading source of information and commerce for design engineers,&uot; said Derow. In November of 1999, GlobalSpec.com announced a $20 million financing plan with Warburg War·burg , Otto Heinrich 1883-1970. German biochemist. He won a 1931 Nobel Prize for research on the respiration of cells. , Pincus Equity Partners, LP, an investment fund managed by E.M. Warburg, Pincus &Co., LLC of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , N.Y. The investment, implemented in stages, finances GlobalSpec.com's ongoing expansion of product offerings, advances its customer acquisition program and expedites its recruitment schedule. GlobalSpec.com is a business-to-business, web-based resource that connects engineers and other technical buyers with the products and manufacturers they need based on engineering specifications. Users of GlobalSpec.com have access to bias-free information from about 3.7 million product specifications from the world's leading suppliers arranged in over 130 product areas searchable only with GlobalSpec.com's advanced SpecSearch(SM) system. |
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