David Kostman Named President of VerticalNet International; Former Lehman B2B Banker To Lead New Organization
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HORSHAM, Pa.--(BUSINESS WIRE)--July 23, 2000--VerticalNet, Inc.
(NASDAQ:VERT), the Internet's leading network of business-to-business
communities of commerce, today named David Kostman to the new position
of President of VerticalNet International. Kostman, who will oversee
the Company's international operations, including the newly-launched
VerticalNet Europe and VerticalNet Japan, was formerly a Managing
Director in Lehman Brothers' Investment Banking Division where he led
Lehman Brothers' Internet B2B Group and was responsible for banking
coverage of Israeli technology companies.
Kostman obtained a law degree from Tel Aviv University and has
lived extensively in the United Kingdom, where he worked for NM
Rothschild & Sons; Brazil; Austria; Germany; the U.S. and France,
where he obtained an M.B.A. from INSEAD, Fontainebleau.
"David's background and our close working relationship, developed
over the past couple of years, make him the ideal choice to head our
international expansion," said Mark Walsh, President and CEO of
VerticalNet. "David knows the Company, the industry and international
markets and his broad background combined with his management skills
will help accelerate our initiatives to bring the power of
Internet-based commerce to the global arena."
"I look forward to the opportunities and challenges of leading
this globalization initiative," said David Kostman, President of
VerticalNet International. "Our business is global by nature, and
VerticalNet expects to deliver the best of what the Internet can offer
to what are today highly fragmented global marketplaces. The
opportunities in Europe, Asia and Latin America are tremendous and I'm
personally delighted about helping Vertical Net achieve its goals in
the global arena." said Kostman. |
