| Wed 28 Feb 2001, 0:00 | | Ixchange Appoints Four New Directors |
|
NEWS RELEASE
Ixchange CEO Derek Kreunen has announced four new appointments to the company's
board of directors.
Kreunen said that the new appointments reflected Ixchange's strong commitment
to profitable growth. Each individual was selected based on their unique set
of skills and experience.
The new executive directors are Tony Cunnington, President of Ability; Malcolm
Buxton, Chief Operating Officer of Ixchange; and John Hillyard, Executive Vice
President, Finance and Operations of FrontRange Solutions. Christo Nel,
partner of Arthur Andersen, has been appointed a non-executive director.
Buxton is British and Hillyard is American.
Positions that remain unchanged are those of Daniel (Dana) Buys, Chairman of
Ixchange, CEO &Chairman of FrontRange Solutions; Derek Kreunen, CEO of
Ixchange; Johan Buys, Chairman of Ability and Edwin Gear, Executive Vice
President, Worldwide Business Solutions of FrontRange Solutions.
Kreunen added that the new board has a very strong functional presence as the
majority of the executive directors are employed by the divisional companies.
Ixchange is unique in that is has a very small head office while the divisional
companies have their own executive teams. He is confident that the new board
will provide the group with the necessary strategic direction in order to
maximise shareholder value.
Cunnington became the co-founder in 1978 of Hill Cunnington & Associates (HCA),
a software development company. In 1992, HCA started development on a product
called AccountAbility, which became one of the leading financial packages for
mid-sized companies in South Africa. In 1998, when HCA was acquired by
Ixchange, AccountAbility and other Ixchange products were re-branded under the
Ability brand. In June 2000, he was appointed to the role of President of
Ability.
Buxton, a well-known business strategist, joined Ixchange in October 2000. He
leads the Xponential Enterprises Accelerator division and Ixchange Management
Services teams. He brings to the board of Ixchange a wealth of business
experience gained from previous senior positions at PriceWaterhouseCoopers and
Gemini Consulting.
Hillyard, a CPA, brings to the board more than 20 years' experience in the high
tech and finance fields. He has significant experience with both public and
private companies and has successfully taken a company through an IPO. He is
skilled at mergers and acquisitions as well as implementing change in complex
and high-growth environments.
Nel is a leading specialist in organizational development, change management,
strategy and leadership. He is the author and co-author of three books on
organisational dynamics and competitiveness, as well as the author of several
dozen articles that have been published in South Africa and internationally.
Christo is a partner of Arthur Andersen, and is the Head of the Centre for
Leadership Studies at the University of Stellenbosch Business School.
-ends-
For further information please contact:
Gillian Bouchier
Diagonal Street Communications
+27 11 444 8313
+27 82 892 8378
mailto: gillian@diagonalstreet.com
Geordi McIntosh
Ixchange
+27 21 419 8877
+27 83 406 0029
mailto: geordi.mcintosh@ixchange.com
ABOUT IXCHANGE
Ixchange is a global software company focused on developing solutions that
enable small to mid-sized companies to maximize and accelerate their customer
value.
Ixchange's FrontRange Solutions and Ability have established leadership
positions in their respective markets for customer and service management
solutions, and eCommerce fulfillment and inventory optimization solutions for
the supply chain.
Ixchange's accelerator division, Xponential Enterprises, focuses on developing
new ventures in super-growth markets into fully-fledged divisions.
Ixchange listed on the Johannesburg Securities Exchange in 1997 and has offices
in the USA, UK, France, Germany, Australia, and South Africa. For more
information about Ixchange, visit: www.ixchange.com
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