ModusLink Appoints Scott D. Smith President, Sales and Marketing
23 April 2007 - 10:30PM
Business Wire
ModusLink Corporation, a subsidiary of CMGI, Inc. (NASDAQ: CMGI)
and leading provider of global supply chain management solutions,
today announced that Scott D. Smith has been appointed President,
Sales and Marketing, effective April 24, 2007. Mr. Smith brings
more than two decades of sales and marketing experience and will be
responsible for ModusLink�s global sales and marketing
organization. Mr. Smith�s career includes more than 20 years with
IBM Corporation where he served in senior sales and management
positions including Vice President and General Manager, Personal
Computing Division, Americas, as Vice President, Worldwide Sales
and Marketing, Networking Hardware Division, and as Vice President,
Americas, eBusiness Solutions. Most recently, Mr. Smith served as
President, Americas for Lenovo Group, after its acquisition of
IBM�s personal computer business. "I am very pleased that Scott is
joining ModusLink,� said Joseph C. Lawler, Chairman, President and
Chief Executive Officer of CMGI. "I am confident that Scott�s
strong leadership skills and hands on experience will further
strengthen ModusLink�s go-to-market capabilities and drive the
organization to greater success. The caliber of talent that we are
attracting underscores that we are building a compelling core
business.� "Effective supply chain management is essential to
technology companies and through its services and global reach,
ModusLink is developing an attractive value proposition,� said
Scott Smith. �I am excited to join its executive management team
and look forward to contributing to the company�s continued
success.� About ModusLink ModusLink Corporation is a leading
provider of global, end-to-end supply chain management solutions.
The company provides technology clients in the software, computing,
consumer electronics, storage and communications markets with
customized supply chain solutions that improve time-to-market,
productivity and customer satisfaction while reducing risk and
cost. ModusLink's services include consulting and planning,
sourcing and supply base management, manufacturing and product
configuration, fulfillment, logistics management, eBusiness and the
complete range of aftermarket services. With 36 facilities in 13
countries, ModusLink has the largest global footprint in its
industry. The company is headquartered in Waltham, Massachusetts
and is a subsidiary of CMGI, Inc. (Nasdaq: CMGI). For additional
information, see www.moduslink.com. About CMGI CMGI, Inc. (Nasdaq:
CMGI), through its subsidiary ModusLink, provides industry-leading
global supply chain management services and solutions that help
businesses market, sell and distribute their products around the
world. In addition, CMGI�s venture capital business, @Ventures,
invests in a variety of technology ventures. For additional
information, visit: www.cmgi.com. This release contains
forward-looking statements, which address a variety of subjects
including, for example, CMGI�s and ModusLink�s prospects for growth
and future performance. The following important factors and
uncertainties, among others, could cause actual results to differ
materially from those described in these forward-looking
statements: CMGI's success depends on its ability to execute on its
business strategy and the continued and increased demand for and
market acceptance of its products and services; CMGI may not be
able to expand its operations in accordance with its business
strategy; CMGI may experience difficulties integrating
technologies, operations and personnel in accordance with its
business strategy; CMGI derives a significant portion of its
revenue from a small number of customers and the loss of any of
those customers would significantly damage its financial condition
and results of operations; and increased competition and
technological changes in the markets in which CMGI competes. For a
detailed discussion of cautionary statements that may affect CMGI's
future results of operations and financial results, please refer to
CMGI's filings with the Securities and Exchange Commission,
including CMGI's most recent Annual Report on Form 10-K and
Quarterly Report on Form 10-Q. Forward-looking statements represent
management's current expectations and are inherently uncertain. We
do not undertake any obligation to update forward-looking
statements made by us.
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