To: $Mogul who wrote (8652 ) 4/25/2001 6:09:24 PM From: puborectalis Read Replies (1) | Respond to of 19633 VerticalNet Appoints Christopher Larsen as Executive Vice President of Global Field Operations 20-Year Software and Technology Veteran Chosen to Drive Sales, Services and Alliance Growth Globally Through Widespread Marketplace Adoption of VerticalNet Software Solutions HORSHAM, Pa.--(BUSINESS WIRE)--April 25, 2001-- VerticalNet, Inc. (Nasdaq: VERT - news), the Internet' s leading business-to-business e-commerce enabler, announced today the appointment of former SAP America President, Christopher Larsen, to Executive Vice President of Global Field Operations. In this new role, Larsen will be responsible for overseeing global software sales, professional services, customer support services and alliance management for the company. In addition, he will spearhead the marketplace adoption of VerticalNet's core technology assets to extend the Company's leadership position in delivering robust private marketplace software applications to large enterprises and software enablement products to small and medium sized businesses. During his eight-year tenure at SAP, Larsen successfully led a number of mission-critical initiatives, including leading the transformation of SAP America into a solutions-oriented company, driving significant software revenue growth and forging important relationships with key business partners. ``I am delighted to bring a software veteran of Chris' caliber and expertise on board as we continue to leverage our customer base and intellectual property strengths in becoming more of a software product focused company,'' said Michael J. Hagan, VerticalNet President and CEO. ``His appointment is a testament to VerticalNet 's continued success in attracting top tier talent who believe in the company's long term vision for success. ``Chris Larsen's experience in delivering enterprise software solutions and developing market opportunities will play a key role in helping us educate the marketplace about the value enterprise buyers can realize by employing VerticalNet's solutions, and we look forward to his many contributions to our team.'' In his most recent role as president of SAP America, Inc., Larsen managed daily its multi-billion P&L with over 2,000 employees while driving the go-to-market strategy development and execution of the U.S. subsidiary as it evolved from a product orientation to a more customer focused solutions-oriented design. Larsen rebuilt and led a management team across seven business sectors, and drove and enhanced numerous key alliance relationships, resulting in continued improvement of software revenue growth. In addition, Larsen led the strategy development and deployment of the mySAP.com rollout across the Americas region. ``This is an ideal and exciting opportunity for me as I will be able to leverage my years of enterprise software experience with a company that possesses a host of advanced technology applications targeted at a relatively untapped global market space, an entrenched base of 20,000+ customer relationships ripe to add value with advanced solutions, and a seasoned management team able to execute on a compelling, long-term vision for growth,'' said Larsen. Prior to SAP America, Inc., Larsen held various sales leadership roles at several software companies including Software 2000, Inc., Datalogix, Inc., MSA, Inc., and Burroughs Corporation, where he consistently exceeded sales targets, and introduced new and crucial business opportunities.