I-trax Names Dixon Thayer as Its New Chief Executive Officer.CHADDS FORD Chadds Ford: see Brandywine, battle of the. , Pa. -- I-trax, Inc. (Amex: DMX See DMX512. ), a leader in integrated health and productivity management, announced today that it has named Dixon Thayer, a current member of its Board of Directors, as its new chief executive officer (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. ) effective February 15, 2005. Frank A. Martin, who has served as the company's chairman and CEO since the merger of I-trax and CHD CHD coronary heart disease. ChD abbr. Latin Chirurgiae Doctor (Doctor of Surgery) CHD, n.pr See disease, coronary heart. CHD canine hip dysplasia. Meridian Healthcare in March 2004, will remain chairman of I-trax and play an active role in strategic business development, shareholder relations and key client relationships. "As chairman as well as a personal investor in I-trax, one of my principal goals has been to build a world-class management team including identifying a replacement for the CEO position", said Mr. Martin. "I believe Dixon Thayer is the right person to lead the company. He is a well-respected expert in organizational change and has an incredible amount of operational experience that will help us better integrate our business lines. In addition to his thorough understanding of I-trax from serving on our Board, Dixon has the decision-making and leadership skills, the creativity and the entrepreneurial spirit needed to take I-trax to the next level." "I am honored to be an integral part of the I-trax team and help to position the company for a successful future," said Mr. Thayer. "I-trax is a leading health management organization with tremendous potential for growth. I am excited to be selected to manage the company and work with such a high caliber team of individuals." I-trax's Board of Directors, under the leadership of Mr. Martin, has also made significant progress in its search for a new president and chief medical officer with a strong background in the corporate health world. I-trax expects to be able to provide more details on this appointment in the near future. Dixon Thayer Mr. Thayer has been on the I-trax Board of Directors since April 2003. He has more than 25 years of experience in direct leadership of line management. His areas of expertise are business turnarounds, regenerative growth and value creation. He has led the acquisition, integration and growth agendas of numerous businesses. Prior to joining I-trax, Mr. Thayer was the founder and senior partner of ab3 Resources Inc., a strategic consulting and private equity investment company and a member of the Duke Corporate Education Academic Network. At ab3 Resources, Mr. Thayer advised principals of private equity firms, senior partners of PriceWaterhouseCoopers, as well as the senior executives of Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. . In addition, Mr. Thayer recently completed the leveraged buyout leveraged buyout, the takeover of a company, financed by borrowed funds. Often, the target company's assets are used as security for the loans acquired to finance the purchase. of Ford Motor Company's GreenLeaf Auto Recycling division, and serves on its Board. Mr. Thayer has significant executive leadership experience at major corporations such as CEO of Global New Business Operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets for Ford Motor Company from 1999-2002 where he grew the division to a $3.3 billion business. Mr. Thayer has also held numerous other upper management positions, including president and CEO for Provant Consulting Companies, where he helped lead the merger and integration of several organizations into the largest publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. of its type. As president of Sunbeam's International Division, Mr. Thayer led the organization to significant growth and profitability. Additional executive positions included senior vice president of Research, Development, Engineering & Global Growth at Kimberly Clark Corporation as well as numerous roles at Scott Paper Company The Scott Paper Company is a USA-based corporation which manufactures mostly paper based consumer products. Scott Paper was founded in 1879 in Philadelphia, Pennsylvania by brothers E. from 1973 to 1992. Mr. Thayer received his degree in economics from the Wharton School, University of Pennsylvania (body, education) University of Pennsylvania - The home of ENIAC and Machiavelli. http://upenn.edu/. Address: Philadelphia, PA, USA. and has written numerous articles and lectured on a variety of business topics. About I-trax I-trax is a leading provider of integrated health and productivity management solutions formed by the merger of I-trax Health Management Solutions and CHD Meridian Healthcare. Serving nearly 100 clients at over 180 locations nationwide, I-trax offers wellness, disease management and on-site services. I-trax provides a comprehensive solution specifically designed for every individual regardless of location. The company is focused on improving health, satisfaction and productivity for individuals, while lowering the direct and indirect costs of healthcare related benefits. For more information, visit www.i-trax.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement: This news release may contain "forward-looking statements" with the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such statements are subject to risks and uncertainties, which could cause actual results to differ materially from those anticipated, including those risks detailed in I-trax's filings with the Securities and Exchange Commission, and should be read in light of these risks. |
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