THE WOODLANDS, TEXAS, April 21, 2003 — Pantellos, the independent electronic marketplace and supply chain services company for the utility and energy industries, announced that it has named Jim Neikirk as president and chief executive officer (CEO).
Bringing more than 30 years of supply chain and energy industry experience, Neikirk joins Pantellos as CEO after spending five years at Entergy Corporation as vice president, supply chain and chief procurement officer (CPO). While at Entergy, Neikirk helped streamline and significantly improve the company’s supply chain operations through various electronic commerce processes, tools and technologies. Neikirk also spent more than 20 years at Shell Oil Company in a variety of supply chain positions, including director, supply chain management, Shell Services International. Neikirk has served on the Pantellos Board of Directors since July 2002.
“We are extremely pleased to have found an individual with Jim’s background, talent and first-hand experience in improving supply chain performance,” said Robert Murray, chairman of the Pantellos Board of Directors and current acting president and CEO. “As a former chief procurement officer and a Pantellos customer, Jim brings tremendous credibility in knowing the needs of utility supply chain organizations. In addition, his depth of e-commerce experience and leadership will benefit customers and help Pantellos remain one of the nation’s leading electronic marketplaces and supply chain companies.”
Neikirk joins Pantellos as the company is experiencing significant success in providing tools, technologies and resources that help utilities reduce costs and improve efficiencies in how they purchase and manage goods and services. Since the company’s inception in 2001, Pantellos has enabled customer-reported savings of more than $175 million through more than $1.2 billion in utility procurement spending.
Pantellos experienced more than 100 percent revenue growth in 2002 compared with the previous year. Growth continues from each major line of business, including marketplace (electronic procurement services), auction services, supply management services and business process solutions. The Pantellos community of trading parties currently includes 30 utilities and more than 450 energy services suppliers.
“Having run supply chain organizations in Fortune 500 companies, I understand the complexities and challenges associated with improving supply chain performance in a way that impacts a company’s earnings. I look forward to helping enable our customers’ success while guiding Pantellos toward reaching its full vision. I am a firm believer in using technology and e-commerce tools to generate significant change,” said Neikirk.
Pantellos is a supply chain services company for the utility and energy industries. Built by the industry, for the industry, Pantellos provides tools, technologies and resources to help customers save time, save money and accomplish their business objectives. Pantellos is based near Houston, Texas, USA. For more information visit http://www.pantellos.com.