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IP: Network Solutions Announces New Organizational Structure
From: David Farber <farber () cis upenn edu>
Date: Wed, 25 Aug 1999 18:35:47 -0400
From: jspira () basex com X-Lotus-FromDomain: THE BASEX GROUP To: farber () cis upenn edu Date: Wed, 25 Aug 1999 18:13:23 -0400 Subject: IP: Network Solutions Announces New Organizational Structure Dave, howdy Somehow I thought the others on the IP list might find this of interest. /s/ Jonathan Jonathan B Spira E-mail jspira () basex com The Basex Group, Inc URL http://www.basex.com 15 E 26th Street Tel +1 (212) 725-2600 x113 New York, NY 10010 USA Facsimile +1 (212) 532-5406 Formalizes Registrar and Registry Business Units, Positions for Continued Growth Herndon, Va., August 24, 1999 - Network Solutions, Inc. (NASDAQ: NSOL) today announced a new organizational structure which formalizes the separation of its registry and registrar functions into two discrete business units and positions the company for continued growth. In the new organization, Doug Wolford will be general manager of the Registrar Business Unit and Value Added Services, and Bruce Chovnick will be general manager of the Registry Business Unit. The Registrar Business Unit includes Network Solutions' registration services, value-added products, and partner programs worldwide. The Registry Business Unit is responsible for the Shared Registration System that is used to register domain names in .com, .net, and .org by Network Solutions and competitive registrars around the world. A third business unit, Internet Technology Services (ITS), a professional services organization responsible for the operations and service delivery of consulting services worldwide, was previously headed by Chovnick and will now be directed by Tim Ranney, senior vice president. Each of the three business units will have separate profit and loss accountability and decision-making authority, and will have its own customer service, engineering, marketing and sales functions. Network Solutions has created a chief information officer (CIO) position and named Rick Walsh in an acting capacity. Rick Walsh has served as director of operations since July 1997. The CIO is responsible for scalable and reliable operational infrastructure and business information systems across all of the business units. Network Solutions also continues to grow its research and development group headed by chief technology officer Dave Holtzman. Holtzman's group is chartered to investigate leading edge technologies relevant to the future of the business and to ensure corporate-wide technical excellence. A corporate development function will be staffed soon, with the specific mission of identifying and incubating new businesses, supporting mergers, acquisitions and investment activities across the company. "The new structure will give us the agility to address new opportunities as our business continues to grow," said Jim Rutt, chief executive officer of Network Solutions. "We believe that organizing into business units, each with a separate focus and accountability, will allow us to make decisions at a point in our organization that is closer to our customers, which will shorten our time to market with new products and improve the quality of all our services." Doug Wolford, previously senior vice president of sales and marketing, joined Network Solutions in December 1997 to direct the company's worldwide marketing, sales and branding programs for its registrar services. Bruce Chovnick had served as senior vice president and general manager of Internet Technology Services for Network Solutions since October 1997. Tim Ranney, previously vice president of Internet Technology Services, joined Network Solutions in 1998. Ranney was an integral force behind making the Southeast region one of the fastest growing regions in the company in sales growth and total revenue. About Network Solutions Founded in 1979, Network Solutions, Inc. (NASDAQ: NSOL) pioneered the development of registering Web addresses ending in .com, .net, .org and .edu. Network Solutions also provides Internet Technology Services that assist large commercial organizations in the evolution and management of their Internet technologies. For more information, see the www.networksolutions.com Web site. Network Solutions is the world's leading registrar, with more than 5 million net registrations. Network Solutions registers the majority of Web addresses worldwide through various channels including nearly 200 companies in its Premier program. Network Solutions has created value-added small business solutions through agreements with leading companies such as American Express (NYSE: AXP) and Microsoft (NASDAQ: MSFT). Through its Alliance Program, Network Solutions works closely with EarthLink (NASDAQ: ELNK), MindSpring Enterprises, Inc. (NASDAQ: MSPG), Interliant, Inc.(formerly Sage Networks, Inc.) (NASDAQ: INIT), ValueWeb (NASDAQ: ESPI) and Interland, Inc. Network Solutions also has entered into marketing agreements with companies including Yahoo! Inc. (NASDAQ: YHOO) and Netscape Communications Corporation. For Network Solutions, Media: Cheryl Regan, cregan () netsol com, (703) 742-4847. Investor Relations: Sean McClorey, smcclorey () netsol com, (703) 326-6090.
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- IP: Network Solutions Announces New Organizational Structure David Farber (Aug 25)