John J. McGovern Named Chief Financial Officer of
Multex.com
Business Wire - December 06, 1999 08:02
NEW YORK--Dec. 6, 1999--Multex.com, Inc. (NASDAQ: MLTX), the Internet's largest interactive
community of investors, analysts and brokers, announced that John J. McGovern, 44, has been
appointed Chief Financial Officer. On an interim basis, the role of Chief Financial Officer had been
filled by Philip Scheps who has served for 6 years as Multex.com's Controller. Mr. Scheps continues
to serve as the company's Controller and Vice President, Finance.
Mr. McGovern will be responsible for managing Multex.com's bank and financial community
relationships, and its financial and treasury functions. Included in his responsibilities are financial
reporting, cash management, budgeting, strategic planning, forecasting, mergers and acquisitions, and
SEC and shareholder reporting.
Mr. McGovern brings extensive experience to Multex.com. Prior to joining Multex, Mr. McGovern
served for over twenty years in senior level financial and executive positions. He served for over ten
years at Merrill Lynch & Co., Inc., overseeing financial reporting, and developing accounting and
reporting systems for its operating units. He also served as a Senior Vice President of Merrill Lynch
Interfunding and Director of ML Capital Markets. In this capacity Mr. McGovern originated, valued
and negotiated debt and equity investments in over twenty-five public and private middle-market
companies that were purchased through leveraged buyouts. Most recently, he was President and Chief
Executive Officer of Northsound Music Group. Mr. McGovern holds an M.B.A. degree from
Columbia University and is a Certified Public Accountant in New Jersey.
Multex.com Chairman and Chief Executive Officer, Isaak Karaev, stated, "John's solid knowledge of
the financial services industry and his extensive financial and management credentials make him ideally
suited for the position of Chief Financial Officer. His operational talents, extensive M&A experience
and accounting background contribute to John's ability to strengthen Multex.com's senior management
team, and we expect him to play a key role in our future growth and success."
John McGovern added, "I was attracted to Multex.com for many reasons, including its innovative
product offerings and the potential for the company to continue building upon its leadership as a global
provider of content and technology to the individual and professional investment community. I look
forward to working with the entire Multex.com team to further improve the company's competitive
position and impressive financial performance."
Good pedrigree.
Jack |
