TradeCapture, Inc. Announces Appointment of Chief Executive Officer.STAMFORD, Conn. -- TradeCapture, Inc., the premier global developer of cutting edge oil trading and risk management software solutions, is pleased to announce the promotion of David Newton to Chief Executive Officer and President. David had served as Chief Information Officer of the company. David has twenty years TWENTY YEARS. The lapse of twenty years raises a presumption of certain facts, and after such a time, the party against whom the presumption has been raised, will be required to prove a negative to establish his rights. 2. of experience in Information Technology, including sixteen years in all facets of trading systems delivery, change management, departmental management and consulting. For the past 18 months, he has held the position of CIO CIO: see American Federation of Labor and Congress of Industrial Organizations. (Chief Information Officer) The executive officer in charge of information processing in an organization. at TradeCapture, responsible for product strategy and development. Prior to joining TradeCapture in 2005, David held a number of roles at BP and Shell. At Shell, David implemented their transactional, risk management, and position keeping system for oil in 1992. At BP, he repeated this success by implementing a new position, risk, and profitability system in 1994. He subsequently held the position of global director of BP's oil trading systems for several years before taking responsibility for systems strategy, technical architecture and investment planning across global Oil, Gas, Power, and Financial instruments. "I am delighted to have been appointed 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 TradeCapture, and would like to take the opportunity to thank the board and employees of the company for the trust they have put in me. TradeCapture has the very best crude oil and refined products technology and an excellent staff with huge potential. I am confident we will be able to translate this into a tremendous commercial success," commented Mr. Newton. Vincent Annunziata, Chairman of TradeCapture, commented: "I am very pleased to have someone of David Newton's caliber, experience and strategic abilities promoted to CEO at TradeCapture. David and I have worked closely together and his extensive international energy IT experience will be extremely valuable in servicing the global oil industry. "David's appointment, together with the recent appointment of Anthony Salese as Executive Vice President, and Trip Ray as 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. , helps form the core of an outstanding executive management team at TradeCapture as we embark upon the next growth phase of the Company." TradeCapture, Inc. is a leading global provider of innovative energy trading and risk management software solutions designed to enable clients to streamline operations, reduce transaction costs Transaction Costs Costs incurred when buying or selling securities. These include brokers' commissions and spreads (the difference between the price the dealer paid for a security and the price they can sell it). , and manage their Futures, Exchange Traded Options, OTC Options, Swaps and Physicals in a single platform. TradeCapture's flagship product is the integrated commodity trading system, ICTS ICTS Integrated Commodity Trading System ICTS Inter-Cell Time Sharing ICTS Interpersonal Communication Transferable Skills Symphony, for straight-through-processing of commodities transactions. TradeCapture's TC Maestro product provides real-time P&L, real-time Risk Analytics and What-If Analysis. TradeCapture provides unmatched trading solutions to multinational clients such as Chevron, Koch Supply & Trading, UBS UBS Union Bank of Switzerland UBS United Bible Societies UBS United Blood Services UBS United Buying Service UBS Used Bookstore UBS University Business Services UBS Universal Building Society (UK) UBS Ulaanbaatar Broadcasting System , Marathon Petroleum Company Marathon Petroleum Company (MPC) is a fully owned, American subsidiary of the Marathon Oil Corporation. The subsidiary was formed on September 1, 2005, from the former Marathon Ashland Petroleum, LLC, and is based in Findlay, Ohio. LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , Petroplus, PetroChina, Eni, Enel, Mitsui and many others. TradeCapture is headquartered in Stamford, Connecticut, and has development and support centers strategically located around the world. For more information please visit www.tradecapture.com. |
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