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Home \ Our Company \ News \ Press Release |
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COMMERCEHUB EXPANDS SENIOR MANAGEMENT TEAM TO SUPPORT RAPID GROWTH
Doug Reed joins Management Team as Vice President of Sales
ALBANY, NY - JUNE 7, 2006 - CommerceHub, the leader in drop-ship commerce for multi-channel retailers, today announced the appointment of Doug Reed as the company's Vice President of Sales.
Mr. Reed joined CommerceHub in 2005 as the Eastern regional sales representative, bringing more than 18 years of experience in enterprise software sales and management experience to the role. After successfully building the CommerceHub client list, Mr. Reed was selected to manage CommerceHub's sales organization. Prior to CommerceHub, Mr. Reed was a sales executive with i2 Technologies (NASDAQ:ITWO) where he drove more than $12 million in license revenue into the Consumer Goods, Retail and Transportation verticals. Prior to i2 Technologies, Mr. Reed held various sales leadership roles with a successful IPO in 1996 and with Computational Systems Inc (NASDAQ:CSIN) where he helped drive sales from $10 million to more than $60 million.
"I have been pleased with Doug's performance from the onset of his joining the company," said Frank Poore, CEO of CommerceHub. "As a result of his proven capabilities and demonstrated success at CommerceHub, I am confident that he is the right person to build and lead our sales organization. Doug is a real compliment to our team, bringing not only excellent sales and leadership skills, but also rich domain expertise in supply chain solutions."
"It is a pleasure to be joining CommerceHub at such an exciting period in its growth," said Mr. Reed. "With industry leading customers, the company is in a unique market position with a major network of fully integrated manufacturers, suppliers and distributors that is growing every day. I look forward to the tremendous opportunities that lie ahead for this company."
CommerceHub has seen a dramatic increase in business activity in recent months, signing major customers and significantly expanding relationships with existing ones. Mr. Reed's appointment builds on this momentum and further bolsters CommerceHub's management team and overall capabilities.
About CommerceHub
CommerceHub is the #1 provider of supplier integration and order management services for multi-channel retailers including QVC, Target, Sears, Staples, ShopNBC, Costco, Federated, Kmart and thousands of suppliers and manufacturers. By providing a single plug-and-play connection to multiple trading partners, CommerceHub enables any retailer to electronically integrate with its suppliers, regardless of the unique systems and capabilities that exist among them. CommerceHub's applications enable retailers to gain real-time visibility into their entire supply chain to ensure the proper delivery of goods under a variety of fulfillment models. In addition, the applications enable merchants to rapidly expand product offerings, preserve brand identity, and manage, analyze, and deliver comprehensive order information to their customers, all with no inventory risk. World class merchants and suppliers have chosen CommerceHub to increase speed to market, grow sales, reduce expenses, and enhance customer service by improving supply chain performance.
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