Charlie's new project....
Tuesday November 21, 7:58 am Eastern Time
Press Release
biz.yahoo.com
Commerce One Vice Chairman and President Robert M. Kimmitt Joins Xign Corporation's Board of Directors
PLEASANTON, Calif.--(BUSINESS WIRE)--Nov. 21, 2000--Xign Corporation, a pioneer in business-to-business electronic payment solutions, today announced the appointment of Robert M. Kimmitt, vice chairman and president of Commerce One, to Xign's Board of Directors. Kimmitt joins Xign's growing board, which also includes Charles R. Schwab, chairman of the board and co-chief executive officer of The Charles Schwab Corporation (NYSE:SCH - news; PSE:SCH), and an individual investor in Xign Corporation. Xign's Board of Directors is charged with overseeing Xign corporate management, and offers strategic counsel to the company in its efforts to establish electronic checks as the business-to-business currency of the new economy.
``E-marketplaces are the future of business commerce, and electronic payments are an essential tool to help companies complete transactions and ultimately drive liquidity,'' said Kimmitt. ``Xign's eCheck solution has the potential to become a preferred online payment method between businesses by addressing their unique invoice, remittance and credit needs. I look forward to helping Xign succeed in this rapidly emerging marketplace.''
``An essential element of Xign's strategy is to build relationships with financial institutions and e-marketplaces that will encourage the adoption of secure, business-to-business payments over the Internet,'' said Tom Glassanos, CEO of Xign. ``Bob's vast expertise in both the public and private sectors, including global banking and electronic commerce, will be an invaluable asset to us. We are delighted to have him on our board.''
Kimmitt's distinguished career includes high profile positions in both the public and private sectors. Kimmitt served as U.S. Ambassador to Germany (1991-1993), under Secretary of State for Political Affairs (1989-1991), General Counsel to the U.S. Treasury Department (1985-1987), and Deputy Assistant to the President for National Security Affairs (1983-1985). Formerly he was managing director of Lehman Brothers, and a partner in the law firm of Wilmer, Cutler & Pickering specializing in international commerce.
Currently Kimmitt serves as president and vice chairman of the board of Commerce One, and is responsible for company operations, including finance, legal, engineering, and human resources. In addition, Kimmitt chairs the board of Commerce One Europe. He serves on the boards of several companies, including Mannesmann AG, Siemens AG, and United Defense Industries, Inc. During his career, Kimmitt has received several prestigious awards including the Presidential Citizens Medal, the U.S. Treasury Department's Alexander Hamilton Award and the Arthur Flemming Award for distinguished public service.
About Xign
Xign Corporation is a leading developer of electronic payment solutions incorporating digitally signed electronic check technology. The Xign eCheck is the first business-to-business payment instrument offering a secure, reliable and cost effective way to settle payments via electronic mail. Xign's technology is based on concepts pioneered through the Electronic Check Project of the Financial Services Technology Consortium -- a four-year joint research project involving leading banks, technology partners and initial users. Xign is a privately held corporation with headquarters in Pleasanton, California and can be reached by via the Internet at xign.com |
