Kent A. Dolby Named President and CEO of Elemica, Leading Global E-Marketplace for Chemicals Industry
Elemica, a neutral e-marketplace founded by some of the world's leading chemical companies to serve the global chemical industry, today named Kent A. Dolby its future president and chief executive officer. He will also be appointed to the Elemica board of directors. A 26-year veteran of Andersen consulting and the recent president and CEO of PaperExchange.com, Dolby will assume the role of president and CEO for Elemica as soon as he completes his duties at PaperExchange.com.
"Given its considerable liquidity, reach and capabilities, Elemica is in a true leadership position - a position to set standards for the chemical industry and for businesses in general," said Dolby. "Coming from a consulting and e?business background, I also recognize the strength of the company's business model, investors and technology partners. As an e?marketplace developed by the industry's leading players to serve the industry, Elemica offers value for a wide variety of buyers and sellers. I consider myself fortunate to be in a position to contribute to the future success of this dynamic organization."
According to Dennis Campbell, Elemica's chief operating officer, Dolby will focus on long-term strategic planning, building critical momentum for Elemica and forging alliances that will solidify Elemica as the leading e?marketplace for buyers and sellers in the chemical industry.
"We are fortunate to add Kent Dolby to our executive team," said Campbell. "He brings with him a wealth of e-business expertise that is in line with Elemica's business model. His past experience clearly demonstrates his ability to successfully confront the challenges and opportunities of building a successful business-to-business e-commerce enterprise designed to serve a multi-billion-dollar, global industry. We expect his leadership to play a vital role in shaping the future of Elemica."
Prior to joining PaperExchange.com, Dolby served as managing partner of Andersen Consulting's Americas Chemicals practice, managing partner of Andersen's Global Natural Resources practice, and managing partner of Andersen's Asian Resources practice. A partner in the company for 16 years, Dolby led the development of business-to-business e-commerce capabilities within Andersen's $700 million Energy and Natural Resources practices.
Dolby received a Bachelor of Science degree in Industrial Engineering & Operations Research and an MBA from Cornell University. He and his family are residents of Berwyn, Pennsylvania.
About ELEMICA Elemica is a premier global neutral e-marketplace for the contract buying and selling of chemicals. The company will offer an integrated, end-to-end system, enabling buyers and sellers to streamline their business processes for contract sales and improve negotiation, contract management, order fulfillment and payment. Elemica's comprehensive solution creates powerful efficiencies and offers support that extends from pre-sales through negotiation and contracting, and continues through the transaction, supply chain, and after-sales processes. Established earlier this year, Elemica expects its pilot phase to be transactional on 01/01/01. Phased rollouts of full integration services are scheduled for 2001.
The e-marketplace's 22 investors include: Air Products and Chemicals, ATOFINA, BASF, Bayer, BP, Brenntag, Celanese, ChemCentral, Ciba Specialty Chemicals, Degussa-Hüls, Dow Chemical, DSM, DuPont, Millennium Chemicals, Mitsubishi Chemical Corporation, Mitsui Chemicals, Rhodia, Rohm and Haas, Shell Chemicals, Solvay, Sumitomo Chemical and Van Waters and Rogers.
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