WESTPORT, Conn., July 17,
2024 /PRNewswire/ -- LogicSource, a leading provider
of procurement services and technology solutions, announces
James H. Gellert as Chair of the
LogicSource Advisory Board. Gellert will lead a robust team of
executives dedicated to the global growth of supply chain
efficiency across industries, leading the Advisory Board voice and
introducing industry leaders to procurement and cost-saving
solutions.
Gellert is an internationally recognized authority on
corporate counterparty risk management, supply chain risk, the
health of public and private businesses, and U.S.
rating agency regulation. He is the Co-Founder and
Executive Chair of RapidRatings, a leading financial
health data and analytics company based in New York City, retiring from his role as CEO
in 2023. His extensive experience and deep understanding of the
industry make him a trusted leader in the field. James also serves
as the President of the National Board of Young Audiences/Arts for
Learning Inc., the oldest arts-in-education non-profit in the
US.
Gellert's professional path began in investment
banking, culminating at Deutsche Bank, where he facilitated the
entry of non-U.S. corporations, financial institutions, and
sovereign entities into the U.S. public and private debt capital
markets. Transitioning into the technology sector, he led four
private companies in data, risk, media, and investment banking. His
acquisition of RapidRatings marked a strategic shift towards
focusing exclusively on financial risk for credit and supply chain
risk professionals, further solidifying his expertise in the
field.
"Collaborating with people I admire and respect has been a
source of immense satisfaction for me throughout my career. I am
filled with a deep sense of commitment and enthusiasm as I step
into the role of Chair of the Advisory Board network," said
James Gellert. "As companies place
greater emphasis on supply chain risk and efficiency, I am excited
to assist organizations across all sectors in optimizing their
indirect spending – in line with LogicSource's innovative
operational approach."
Gellert is a recurring broadcast news guest and regularly
provides commentary on a wide variety of industries in globally
recognized publications such as The New York
Times, Wall Street Journal, Bloomberg, Fortune, and more. He
has testified as an expert witness to the Senate Banking Committee
and three times to the U.S. House of Representatives Finance
Committee's subcommittees on Capital Markets and Oversight and
Investigations. He has also been a frequently invited panelist and
speaker at the U.S. Securities and Exchange Commission and other
regulators.
James' advocacy work and legislative experience align with
LogicSource's Center of Excellence, adding further value to the
organization's vast array of cross-industry knowledge to better
negotiate on behalf of clients. "Gellert is the ideal leader to
activate the Advisory Board network and drive innovation across all
the industries we serve," said David
Pennino, CEO of LogicSource. "Supply chain and procurement
professionals are facing exciting yet uncertain times. Strong,
experienced leadership is crucial to navigate these challenges, and
we're thrilled to have James on our team to enhance the value of
our Advisory Board."
About LogicSource:
The innovative leader in procurement services and technology,
LogicSource is purpose-built to drive profit improvement, mitigate
risk, and ensure supply chain continuity through better buying.
LogicSource focuses exclusively on the sourcing and procurement of
indirect goods and services, which typically represent 20% of an
organization's revenue and the area of greatest spending
inefficiency. These include complex categories like marketing,
packaging, corporate services, facilities, information technology,
distribution and logistics and more, for which organizations often
lack the capacity, focus and scale to achieve best-in-class buying.
Unlike traditional advice-based consultants, LogicSource is a
purpose-built buying utility with assets that are configurable to
their clients' needs and ready to deploy. By combining decades of
sourcing and procurement expertise, superior market intelligence,
cross-portfolio spending leverage, and their OneMarket®
Source-to-Pay technology, LogicSource executes customized solutions
that deliver immediate savings and sustainable value. For more
information visit www.logicsource.com.
Media Contact: Erica Olenski,
erica.olenski@finnpartners.com
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SOURCE LogicSource