ATLANTA, July 15, 2014 /PRNewswire/ --
Rick
Hurwitz joins Tungsten to lead its operations in the
Americas with Peter Schiff
Smith
focused on strengthening relations with major customers
Tungsten Corporation plc (LSE: TUNG), the global trading network
built on OB10 e-Invoicing, is delighted to announce the
appointments of Richard M. Hurwitz
as Chief Executive Officer for the Americas and Peter Schiff Smith as Senior Director, Major
Account Management.
(Photo:
http://photos.prnewswire.com/prnh/20140715/697057 )
Rick brings a wealth of experience to Tungsten. With an
extensive record of building thriving customer-focused businesses,
he is leading a high-performance organization in taking Tungsten's
e-Invoicing programs to the wider North and South American market,
while introducing its financing and analytics solutions. Prior to
joining Tungsten, Rick was the CEO of Pictometry International
where he led a successful exit for its shareholders.
In his new directorship, Peter Schiff
Smith is strengthening Tungsten's relationships with major
clients and partners in the US by helping them achieve their
long-term goals for Finance and Procurement. He also draws on his
banking and trade finance expertise to support Tungsten's supply
chain finance services. Peter comes to Tungsten from Citigroup,
where he held product management and strategy roles in Commercial
Cards, Procure to Pay and Business Development.
Edmund Truell, Tungsten Group
CEO, said: "As we increase the flow of global invoices through
Tungsten Network, it is essential that we extend the depth of our
talent to better serve the needs of our growing customer base. I am
delighted to welcome Rick and Peter to Tungsten, and am very
confident that they will do great things for all our stakeholders
"
Rick Hurwitz added: "This is an
exciting time to join Tungsten. By leveraging our global
e-Invoicing network to provide truly disruptive supply chain
finance and game-changing spend analytics, we are well positioned
to offer enormous economic benefits to enterprises around the
world."
About Tungsten Corporation plc
Tungsten Corporation (LSE: TUNG) accelerates global trade by
enabling customers to streamline invoice processing, improve
cash-flow management and make better buying decisions from their
detailed spend data.
Buyer organizations that join Tungsten Network, built on OB10
e-Invoicing, can reduce their invoice-processing costs by 60%.
Suppliers benefit from efficiencies, greater visibility of their
invoice status and peace of mind. Tungsten offers supply chain
financing through Tungsten Bank to suppliers and helps buying
organizations profit by applying real-time spend analytics to its
vast repository of line-level invoice data.
Tungsten connects the world's largest companies and government
agencies to their thousands of suppliers around the globe. It is
compliant in 46 countries, and processes transactions worth over
$180 billion per year for
organizations such as Alliance Data, Aviva, Cargill, Deutsche
Lufthansa, General Motors, GlaxoSmithKline, Henkel, IBM, Kellogg's,
and US Federal Government.
Tungsten Corporation joined forces with OB10 in 2013 to create
the world's largest electronic trading network.
Contact: Sandra Higgison, Head of
Global Communications, +44(0)20-7280-7973
sandra.higgison@tungsten-network.com.
SOURCE Tungsten Corporation plc