Ariba Names Larry Mueller as Chief Executive Officer
Ariba's Keith Krach Continues as Chairman of the Board
MOUNTAIN VIEW, Calif., April 30 /PRNewswire/ -- Ariba, Inc. (Nasdaq: ARBA) the leading business-to-business (B2B) eCommerce solutions provider, today announced that Larry Mueller has been promoted to chief executive officer. Based on his success as president and chief operating officer in expanding operations globally, orchestrating successful relationships with global high-tech leaders, and broadening his management team with the experienced leadership necessary to lead Ariba, Mueller, 48, will now hold the role of CEO. Keith Krach, will continue as chairman of the board of directors.
Mueller's promotion is the culmination of appointments made recently at Ariba which have added leadership and experience to the areas of sales, global operations, marketing and finance. Mueller's executive management team consists of: CFO Bob Calderoni; EVP of Worldwide Sales, Jim Steele; CMO, Michael Schmitt; SVP Operations, Eileen Basho; and SVP of Product Solutions, Charly Kleissner.
"We have built a tremendous team at Ariba over the past four and a half years," said Keith Krach, Ariba chairman. "This is a natural transition for Larry who has demonstrated the vision, long-term drive, passion and ability to deliver value which are benchmarks to the success of our customers and our employees. With Larry leading Ariba, I'm confident we will be successful in taking Ariba to the next level.
"My efforts as chairman will be focused on reaching out to our customers and collaborating on board level strategy and the direction of the company," continued Krach. "I look forward to assisting Larry and his team as they build on their achievements."
"Ariba's mission has always been to deliver cost savings through the applications, platform and network that enable eCommerce between trading partners. "Keith has been instrumental in bringing this vision to market," said Mueller. "As CEO, I look forward to steering Ariba in its next phase of growth.
"I am committed to growing the Ariba Commerce Services Network into a universal network, reaching the most enterprise end users through the business desktop, and automating the entire set of inter-enterprise commerce processes," continued Mueller.
Mueller was promoted to president and COO of Ariba in January 2000. Prior to joining Ariba in October 1999, Mueller was the president and CEO of Imageware, a software startup that under his direction, gained global dominance in the 3D modeling market. Before Imageware, Mueller held the post of executive vice president of worldwide operations for J.D. Edwards where he was instrumental in growing the company from a small financial software company to a global enterprise resource planning corporation. Prior to this appointment, he spent over a decade at IBM, holding several sales and executive management positions. Additionally, today it was announced that Mueller has been appointed to the Board of Directors of Ariba along with Masayoshi Son of Softbank. (see other release)
About Ariba
Ariba, Inc. is the leading business-to-business (B2B) eCommerce solutions provider. Ariba's open, end-to-end, interoperable software solutions and hosted Web-based commerce services enable efficient online trade, integration and collaboration between B2B marketplaces, buyers, suppliers and commerce service providers. The global reach and best-of-breed functionality of Ariba B2B eCommerce solutions create Internet-driven economies of scale and process efficiencies for leading companies around the world. Ariba can be contacted in the U.S. at 650-930-6200 or at www.ariba.com.
NOTE: Ariba and the Ariba logo are registered trademarks of Ariba, Inc. in the United States and in other countries. Ariba Commerce Services Network is a trademark of Ariba Inc.
Ariba Safe Harbor
Safe Harbor Statement Under the Private Securities Litigation Reform Act 1995: Information and announcements in this release involve Ariba's expectations, beliefs, hopes, plans, intentions or strategies regarding the future and are forward-looking statements that involve risks and uncertainties. All forward-looking statements included in this release are based upon information available to Ariba as of the date of the release, and we assume no obligation to update any such forward-looking statements. These statements are not guarantees of future performance and actual results could differ materially from our current expectations. Factors that could cause or contribute to such differences include, but are not limited to: delays in development or shipment of new versions of our Ariba B2B Commerce Platform; lack of market acceptance of the Ariba B2B Commerce Platform or other new products or services; inability to continue to develop competitive new products and services on a timely basis; introduction of new products or services by major competitors; our ability to attract and retain qualified employees; difficulties in assimilating companies previously acquired, including Tradex, Trading Dynamics, and SupplierMarket.com; inability to expand our operations to support increased growth; the recognition of an increasing portion of revenues at the end of the quarter; declining economic conditions, including a recession; inability to control costs; changes in our pricing or compensation policies; inability to successfully manage a reduction in the company's workforce; and significant fluctuations in our stock price. These and other factors and risks associated with our business are discussed in the Company's Form 10-K filed December 29, 2000 and Form 10-Q filed February 14, 2001.
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SOURCE Ariba, Inc.
CO: Ariba, Inc.; Imageware; J.D. Edwards; IBM
ST: California
IN: CPR NET STW
SU: PER
04/30/2001 06:00 EDT prnewswire.com |
