Open Market Announces the Promotion of Ron Matros to Chief Executive Officer
BURLINGTON, Mass., Jan. 12 /PRNewswire/ -- Open Market, Inc. (Nasdaq: OMKT - news), the market share leader in Internet commerce software, today announced that effective February 5, 2000, Ron Matros will become the company's Chief Executive Officer, also retaining the title of President. Mr. Matros has served as the company's President and Chief Operating Officer since the merger with FutureTense, announced in July 1999. Mr. Matros previously served as the Chief Executive Officer of FutureTense. Gary Eichhorn, Open Market's former Chief Executive Officer, will be retiring from the company.
``Having completed a strong year and led the successful merger, the board had the confidence in Ron to complete the process of his ascension to lead Open Market into the 21st century,' said Shikhar Ghosh, Open Market's founder and chairman. ``Ron has a strong track record in building successful customer- focused, market-driven organizations. The dramatic growth of the FutureTense business is a prime example of his sound leadership.'
Mr. Ghosh continued, ``Gary's leadership of the company has allowed us to rank among the leaders in the e-business market. We thank Gary for his contributions and wish him the best as he moves on to spend time with his family and embark on new challenges.'
``I am pleased that the Board approved my recommendation to promote Ron to the company's chief executive,' said Gary Eichhorn, Open Market's current Chief Executive Officer. ``The company is coming off a record year of creating shareholder value and accomplishing other important metrics and is well positioned to take advantage of its promising future opportunities.'
``I am eager to take on the leadership of an organization with such a strong market presence and a world-class talent and technology base,' said Ron Matros, President of Open Market. ``The effects of the Internet on business are exploding throughout the global economy, and we believe that Open Market will be a significant participant in the growth of this market in the years ahead. I am personally thrilled to have the opportunity to lead Open Market in these exciting times.' |
