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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: manny t who wrote (91702)	4/3/2000 8:39:00 AM
From: puborectalis	Read Replies (1) \| Respond to of 108040

Good news at CMRC......Alert: Commerce One Says Promotes Robert Kimmitt to Pres From COO (NasdaqNM:CMRC) PLEASANTON, Calif.--(BUSINESS WIRE)--April 3, 2000--Commerce One, Inc. (NASDAQ:CMRC - news), the leader in global e-commerce solutions for business, today announced that Robert M. Kimmitt, who joined the company in February of this year as Chief Operating Officer, has been promoted to President, effective immediately. He remains Vice Chairman, as well as Chairman of Commerce One Europe, reporting to Mark Hoffman, Chairman and CEO. In his new role, Kimmitt will help Commerce One focus on international business, opportunities, in addition to overseeing company operations including finance, legal, engineering and human resources. ``Bob Kimmitt's international experience in both public and private sectors has proven critical to our progress over the past few months, and I know Bob will provide huge value as Commerce One continues to expand globally,' said CEO Hoffman. ``We believe that Bob will help us to offer products and services that will allow Commerce One to play an active role in shaping the development of online commerce worldwide.' Kimmitt, 52, has a distinguished career in international law, finance and government. Prior to joining Commerce One, he was a partner in the law firm of Wilmer, Cutler & Pickering where he specialized in international transactions in regulated industries, especially defense, aerospace, telecommunications, and financial services. From 1993 to 1997, Kimmitt served as managing director of Lehman Brothers, based in New York and Washington. Before joining Lehman Brothers, Kimmitt held a series of high-level government posts, serving 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). In addition to serving on the boards of several companies, including Mannesmann AG, Siemens AG, and United Defense Industries, Inc., 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. He also served an extended combat tour in Vietnam with the 173rd Airborne Brigade (1970-1971). ``Commerce One is in a unique position at this juncture in history to help shape the direction of international business,' said Kimmitt. ``I continue to be excited to work with a world-class team to deliver technologies that will significantly accelerate the growth of global online commerce.' About Commerce One