IP: Network Solutions Announces New Organizational Structure

[David Farber <farber@cis.upenn.edu>]

>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.