...H. Mitchell Watson Jr. to leverage two decades as Big
Blue senior executive...
Identrus, the world's leading provider of identity trust on
the Internet, today announced the representatives of its
complete management team and named IBM veteran senior
executive H. Mitchell Watson Jr. as chairman of the board.
Watson is president of the Sigma Group of America, a
Jupiter, Fla., consulting company whose clients include
TIAA-CREF, Colonial Williamsburg, Continental Insurance and
Ocean Spray Cranberry.
>From 1989 through 1992, Watson was president and CEO of the
ROLM Company, a joint venture between IBM and Siemens AG
that he helped form. He was IBM's vice president of
marketing and service from 1985 through 1988. From 1981
through 1985, he was president of the Systems Product
Division, responsible for all midrange systems and the
personal computer Independent Business Unit.
Watson serves as a director on the board of Praxair Inc.,
and is chairman of the board of MAPICS Inc., a worldwide
provider of enterprise resource planning (ERP) software. He
is also chairman of the executive committee for Helen Keller
International, a not-for-profit organization dedicated to
blindness prevention. He is a graduate of the University of
Tennessee with a master's degree in mathematics.
In Watson, Identrus' leadership gets proven, senior-level
high-tech experience. "Mitchell brings a wealth of IT
industry and business-to-business insights to Identrus and
will also ensure the company continues to perform up to
Internet speeds," said Libby Ghekiere, an executive with
Bank of America's Integrated eCommerce group, who has been
acting Identrus Chairperson during the search for a
permanent chairman. "His background and experience
complements the strong financial institution representation
on the Board."
Seasoned management team
The Identrus management team consists of seasoned banking,
technology and legal executives. Members are: President and
CEO Guy S. Tallent, Chief Operating and Technology Officer
Kristin Kupres, Chief Administrative and Financial Officer
Richard Izzi, Managing Director of Participant Relations
John Bullard, General Counsel Lawrence R. Miller and Chief
Marketing Officer Paul Donfried.
"I look forward to working with this impressive group of
executives in one of the most compelling endeavours of my
career," Watson said. "In addition to being an attractive
business opportunity, Identrus' economic and social
implications are profound."
Tallent has led Identrus since 1998, when he chaired the
steering committee to create the organisation while serving
as senior vice president and electronic commerce strategy
executive for The Chase Manhattan Bank. "Our management team
is already proving its capabilities through our emerging
partnerships with financial institutions and technology
providers globally," Tallent said. "We'll strive for the
same strong results through our full commercial deployment
Identrus is dedicated to creating a worldwide network of
trusted financial institutions to remove the final obstacle
preventing business-to-business e-commerce from thriving:
trust in trading partner's identities. Identrus' founding
financial institutions - ABN AMRO, Bank of America, Barclays
Bank, Chase Manhattan, Citigroup, Deutsche Bank (including
its recent acquisition Bankers Trust, which was also a
founder) and Hypo Vereinsbank - formed a limited liability
company in April to enable trading partners around the
world, sponsored by their financial institutions, to
conclusively identify one another over the Internet.
This capability, buttressed by binding contracts and the
risk-management experience of global financial institutions,
will enable companies to open new markets, reduce
transaction costs and create unassailable records of their
transactions. Identrus' infrastructure will form the
foundation of a broad array of business-to-business
applications, not just financial services.
Identrus, announced in April 1999, for the first time
enables businesses to manage their business-to-business
e-commerce risks through a trusted relationship with their
financial institution. Identrus also enables corporate
trading partners to eliminate the time, cost and complexity
of building trust relationships with counterparts around the
world. Identrus' legal and technical infrastructure is based
on a set of uniform system rules, contracts and business
practices for comprehensive trust and risk management. The
infrastructure is open to financial institutions, their
corporate customers and security vendors around the world.
For more information, please visit www.identrus.com
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