Former Oracle Executive Hired as CEO of Fasturn, Inc.
(EMAILWIRE.COM, March 19, 2001 ) Fasturn, Inc., the leading direct-procurement solutions provider for manufacturers and retailers of made-to-order goods, has appointed William A. Seagrave, a 20-year business software veteran and former Oracle Corp. and Intel Corp. executive, as chief executive officer.
"As Fasturn's solutions matured into a sophisticated suite of business-to-business products, we needed a high caliber CEO with a proven track record in the software business to take Fasturn to the next level," said Frank Litvack, Fasturn's founder and chairman. "With his vast enterprise software experience, Bill is eminently qualified to fill this role."
Seagrave will assume the CEO role previously handled by Litvack. As chairman of Fasturn, Litvack will remain focused on company strategy and business development. He will work with Seagrave to advance the company's growing procurement software solutions.
"Billions of dollars are trapped in the inefficiencies and complexities of a multi-tiered supply chain. Fasturn is the solution that can recapture these dollars and boost the margins of our customers," said Seagrave. "Our customers will benefit from significant margin growth with the use of Fasturn."
For the last two years, Seagrave served as CEO and president of D2K, Inc., a next-generation IT infrastructure product, where he rebuilt the model and direction of the 3-year-old technology startup.
Prior to D2K, Seagrave worked at Oracle for more than a decade where he was a key contributor in building the company's applications sector from concept stage to a $1.8 billion business. As the vice president of application sales, he managed programs in development, sales, marketing, alliances, services, engineering and corporate groups. He also initiated and built new product line strategies, including enterprise and portal applications, OEM business, ASP online applications, online business products and others.
Litvack, a successful entrepreneur for 15 years with extensive experience in the commercial development of technologies, has founded several successful companies. He has been playing the dual role of chairman and CEO of Fasturn for the past two years and has been looking to fill the position for quite some time.
"In my experience with ground-breaking technology companies, it is critical to enhance the management team so that it scales along with the business's developing needs. I was specifically looking for someone with superior intellect, keen instincts, great operational experience and outstanding vision to lead Fasturn to continued success," said Litvack. "Bill fits these requirements, and we are all very excited about Fasturn's future with Bill at the helm."
Seagrave, a certified public accountant and certified production inventory control manager, has worked in the technology industry since the late 1970s. Before joining Oracle, he was a principal at a technology-consulting firm, the CFO/controller of a biotechnology cancer diagnostics startup, and a financial executive for Intel.
About Fasturn
Fasturn, Inc. is the leading sourcing solutions provider for manufacturers and retailers of apparel, textiles and other made-to-order goods. Its software applications, content and professional services enable buyers and sellers to conduct business more efficiently and cost effectively. From design-to-delivery, Fasturn's total solution helps drive revenue and build margins by giving companies better control over the way they design, source and deliver their brands.
Fasturn's suite of products allow for visibility and enhanced control of the manufacturing process. These benefits lead to shortened cycle times and assist businesses in getting the right product to the right place at the right time for the right price. For additional information call 1-877-FASTURN or visit www.fasturn.com.
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Produced for Fasturn, Inc.
Contacts:
Marion Kraft
Fasturn, Inc.
310-407-6956
mkraft@fasturn.com
-------------------
"As Fasturn's solutions matured into a sophisticated suite of business-to-business products, we needed a high caliber CEO with a proven track record in the software business to take Fasturn to the next level," said Frank Litvack, Fasturn's founder and chairman. "With his vast enterprise software experience, Bill is eminently qualified to fill this role."
Seagrave will assume the CEO role previously handled by Litvack. As chairman of Fasturn, Litvack will remain focused on company strategy and business development. He will work with Seagrave to advance the company's growing procurement software solutions.
"Billions of dollars are trapped in the inefficiencies and complexities of a multi-tiered supply chain. Fasturn is the solution that can recapture these dollars and boost the margins of our customers," said Seagrave. "Our customers will benefit from significant margin growth with the use of Fasturn."
For the last two years, Seagrave served as CEO and president of D2K, Inc., a next-generation IT infrastructure product, where he rebuilt the model and direction of the 3-year-old technology startup.
Prior to D2K, Seagrave worked at Oracle for more than a decade where he was a key contributor in building the company's applications sector from concept stage to a $1.8 billion business. As the vice president of application sales, he managed programs in development, sales, marketing, alliances, services, engineering and corporate groups. He also initiated and built new product line strategies, including enterprise and portal applications, OEM business, ASP online applications, online business products and others.
Litvack, a successful entrepreneur for 15 years with extensive experience in the commercial development of technologies, has founded several successful companies. He has been playing the dual role of chairman and CEO of Fasturn for the past two years and has been looking to fill the position for quite some time.
"In my experience with ground-breaking technology companies, it is critical to enhance the management team so that it scales along with the business's developing needs. I was specifically looking for someone with superior intellect, keen instincts, great operational experience and outstanding vision to lead Fasturn to continued success," said Litvack. "Bill fits these requirements, and we are all very excited about Fasturn's future with Bill at the helm."
Seagrave, a certified public accountant and certified production inventory control manager, has worked in the technology industry since the late 1970s. Before joining Oracle, he was a principal at a technology-consulting firm, the CFO/controller of a biotechnology cancer diagnostics startup, and a financial executive for Intel.
About Fasturn
Fasturn, Inc. is the leading sourcing solutions provider for manufacturers and retailers of apparel, textiles and other made-to-order goods. Its software applications, content and professional services enable buyers and sellers to conduct business more efficiently and cost effectively. From design-to-delivery, Fasturn's total solution helps drive revenue and build margins by giving companies better control over the way they design, source and deliver their brands.
Fasturn's suite of products allow for visibility and enhanced control of the manufacturing process. These benefits lead to shortened cycle times and assist businesses in getting the right product to the right place at the right time for the right price. For additional information call 1-877-FASTURN or visit www.fasturn.com.
-------------------
Produced for Fasturn, Inc.
Contacts:
Marion Kraft
Fasturn, Inc.
310-407-6956
mkraft@fasturn.com
-------------------
Contact Information:
Fasturn, Inc.
Joseph Nchor
Tel:
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Fasturn, Inc.
Joseph Nchor
Tel:
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
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