Rare Medium Group, Inc.RRRR' Names Suresh V. Mathews President and ChiefOperating Officer of Rare Medium, Inc. Subsidiary
NEW YORK, Feb. 4 /PRNewswire/ -- RARE MEDIUM GROUP, INC. (Nasdaq: RRRR), www.raremedium.com, has appointed Suresh V. Mathews to the post of President and Chief Operating Officer of its Rare Medium, Inc. subsidiary, it was announced today by Glenn S. Meyers, who remains as Chairman, President and Chief Executive Officer of parent company, Rare Medium Group, Inc.
Said Mr. Meyers: "We are delighted to have an executive of Mr. Mathews stature join the Rare Medium team. He has held numerous senior level management positions at such world class organizations as Quaker State, PepsiCo, Booz-Allen and Hamilton, Sprint and GTE. His extensive experience and skill sets in the business strategy, operations, and technology arena will be invaluable to Rare Medium as we continue to position the Company as a leading contender in Internet Solutions and E-Commerce. His background is an excellent fit with our existing world class marketing, communications, branding, and information architecture capabilities. We look forward to his leadership and contributions."
Prior to Rare Medium, Mr. Mathews was Senior Vice President and Chief Information Officer of Quaker State Corporation. He has over 22 years of information technology experience. His other recent management positions include Vice President and General Manager of POS 2000 and as a Chief Information Officer at PepsiCo Inc. as well as the Chief Information Officer of Booz-Allen and Hamilton, Inc., the leading business consulting firm.
Mr. Mathews has extensive experience in systems development in a broad variety of business environments. At Quaker State, Mr. Mathews was responsible for implementing new supply chain and core, operating processes from the ground up supported by a record setting eight month SAP implementation as well as the establishment of an extranet to support E-Commerce. At PepsiCo Inc., Mr. Mathews created POS2000, a strategic initiative to transform restaurant operations with technology in over 25,000 KFC, Pizza Hut and Taco Bell stores worldwide. POS2000 became the foundation for MicroSoft's ActiveStore(TM), an industry standard.
At Booz-Allen and Hamilton, Mr. Mathews transformed a limited information technology function into a multi-national, global capability. Feature implementations included: one of the first implementations of a global VAN using ATM and Frame Relay technologies; one of the first implementations of a global Intranet using Netscape technologies; and one of the first global Knowledge Management and Intellectual Capital systems.
Mr. Mathews is also qualified and well versed in the telecommunications industry -- having spent several years in various senior technology and management capacities in GTE, Telenet and Sprint -- including a key role as divisional CIO of Sprint's National Accounts Division.
Commenting on his appointment, Mr. Mathews said, "I am excited to be a part of Rare Medium, a dynamic emerging Internet Company which has been ranked among the top Internet companies to watch. Rare Medium, led by Glenn Meyers, has established an excellent platform from which it can expand to become a major player in the Internet marketplace. I had offers to go to several world-class organizations, but Rare Medium is a new kind of company offering a new generation of IT solutions in the marketplace. I am looking forward to the challenge of helping to realize this goal."
According to Herb Baum, formerly Chairman and CEO of Quaker State Corporation, and currently President and COO of Hasbro, Inc., "Suresh brings to the position a strong knowledge of the IT industry as well as a solid background in blue chip companies. He is a very innovative and compelling leader with the ability to inspire organizations to high achievements."
The Company's Rare Medium, Inc. subsidiary, dealing primarily with Global 2000 clients, is an Internet business consulting firm, helping clients develop E-Commerce Internet strategies, improve business processes and develop marketing, communications, branding, strategies, and interactive content using Internet-based technologies. To accomplish this, Rare Medium provides clients with Internet business strategy consulting, marketing, creative design and development, needs analysis, architecture planning, Internet, Intranet and Extranet solutions, hosting and maintenance.
Except for historical matters contained herein, the matters discussed in this press release are forward-looking and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that these forward-looking statements reflect numerous assumptions and involve risks and uncertainties that may affect ICC Technologies, Inc. d/b/a Rare Medium Corp. (Nasdaq: RRRR), and its subsidiaries' business and prospects and cause actual results to differ materially from these forward-looking statements. Among the factors that could cause actual results to differ are Rare Medium's limited operating history; competition; low barriers to entry; reliance on strategic relationships; rapid technological changes; inability to complete transactions on favorable terms and those risks discussed in the Company's filings with the SEC.
SOURCE Rare Medium Group, Inc.
CO: Rare Medium Group, Inc.; The Wall Street Group, Inc.
ST: New York
IN: MLM
SU: PER
02/04/99 06:30 EST prnewswire.com
|
