Exult Announces Appointment of Karl von der Heyden to Board of Directors.Business EditorsIRVINE, Calif.--(BUSINESS WIRE)--Feb. 20, 2003 Exult, Inc. (Nasdaq:EXLT), the leading provider of integrated HR Business Process Outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in to Global 500 companies, today announced the appointment of Mr. Karl von der Heyden Karl von der Heyden was Vice Chairman of the Board of Directors of PepsiCo, Inc. from 1996 to 2001. He had rejoined the Company in September 1996 as Vice Chairman and Chief Financial Officer. to the Exult Board of Directors. Exult 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. Jim Madden reports, "Karl brings exceptional expertise and experience from Fortune 100 companies, and we feel very fortunate to have him join our Board." Mr. von der Heyden served as Vice Chairman of the Board of Directors of PepsiCo until February 2001. He has served in various senior management positions at PepsiCo and has also held management positions at H.J. Heinz and RJR Nabisco, where he ultimately served as Co-Chairman and Chief Executive Officer. Mr. von der Heyden also serves on the Board of Directors for Federated Connected and treated as one. See federated database and federated directories. Department Stores, ARAMARK and AstraZeneca PLC, and is a member of the Board of Trustees board of trustees Politics The posse of thugs who oversee an institution's administration. See Board of directors. for Duke University and The American Academy in Berlin. A native of Germany, Mr. von der Heyden graduated from Duke University in 1962 and earned an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration from the Wharton School of Business at the University of Pennsylvania (body, education) University of Pennsylvania - The home of ENIAC and Machiavelli. http://upenn.edu/. Address: Philadelphia, PA, USA. in 1964. "I am excited about joining the distinguished Board of Exult and to participate and help in developing its business in the rapidly growing field of HR business process outsourcing," says Karl von der Heyden. Mr. von der Heyden joins a distinguished team of Exult Board member including: J. Michael Cline, Managing Partner, Accretive Technology Partners; Steven Denning, Executive Managing Member, General Atlantic Partners; Mark Dzialga, Managing Member, General Atlantic Partners; Russell Fradin, President, Employer Services, North America ADP (1) (Automatic Data Processing) Synonymous with data processing (DP), electronic data processing (EDP) and information processing. (2) (Automatic Data Processing, Inc., Roseland, NJ, www.adp. ; Jim Madden, Chairman, President & CEO, Exult, Inc.; Michael Miles, retired Chairman & CEO, Philip Morris Companies; Thomas Neff, Chairman, Spencer Stuart, U.S.; John Oltman, Chairman & CEO, Seurat Company; and Michael Spence, co-recipient of the 2001 Nobel Prize in Economic Sciences, retired Dean of the Stanford Business School, and Partner, Oak Hill Venture Partners. About Exult: Exult, Inc. is the market leader in HR business process outsourcing for Global 500 corporations, with headquarters in Irvine, California and client service centers in the U.S., Europe and India. Through its proprietary Exult Service Delivery Model(SM), Exult offers comprehensive, scalable process management solutions designed to manage clients' entire human resource departments. Exult uses its HR process expertise, shared client service centers, expert HR consulting capabilities and its myHR(SM) web-enabled applications to help Global 500 corporations enhance human capital productivity, reduce costs, streamline processes and provide superior HR services to their employees. For more information, visit www.exult.net. |
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