Names Richard Addi CFO
Seasoned A&D Executive Supports Growth Strategy
Va. (July 10, 2007) Exostar, the leader in secure multi-enterprise
collaboration solutions for aerospace and defense (A&D), today announced
Richard Addi, one of the industry's top financial executives, joins as
its Chief Financial Officer (CFO). Mr. Addi brings deep expertise in creating
strong, scalable financial systems to support rapid growth in complex markets.
Addi joins Exostar from Data Systems & Solutions (DS&S), a technology
venture founded by Rolls-Royce and Science Applications International Corporation
(SAIC). He helped double profitability at DS&S, which rapidly grew to become
the acknowledged market leader for high-value asset analytics. Mr. Addi is credited
with introducing strong operational processes and helping to scale the business.
Earlier, as Director of Tax for Rolls-Royce North America, he managed cross-border
financing, mergers and acquisitions, restructurings and economic development. "Richard
brings a wealth of experience and vision to the Exostar leadership team," said
Exostar president and CEO Kevin Lowdermilk, another A&D industry veteran. "Exostar
is in the process of rapid growth as we create value for our customers and user
community, and Richard has the background and experience we need to lead our
was founded by BAE Systems, Boeing, Lockheed Martin, Raytheon and Rolls-Royce,
to build solutions that enable secure collaboration and information sharing among
partners, suppliers and customers. Its on-demand applications provide multi-tier
supply chain visibility, sourcing, procurement and program collaboration to a
community network of 34,000 manufacturers and suppliers. Exostar?fs leading position
in digital identity and access management allows users of its Trusted Workspace
to share information while maintaining appropriate controls and reducing compliance
risk. "Anyone in A&D knows that Exostar sets the standard for secure
multi-enterprise supply chain collaboration," said Addi. "I am excited
to join such a dynamic and innovative market leader."
Exostar powers secure collaborative supply networks helping manufacturers
and suppliers work together to gain visibility, control and integration of critical
business processes, speeding time-to-market, increasing profitability and reducing
risk. Initially launched in 2000, Exostar was founded to support the complex
trading needs of the world's largest aerospace and defense companies, including
BAE SYSTEMS, The Boeing Company, Lockheed Martin Corp., Raytheon Co. and Rolls-Royce.
Today, its on-demand solutions provide business collaboration, secure infrastructure
and supply chain execution capabilities for 34,000 trading partners worldwide.
For more information, please visit www.exostar.com.
Corporate Ink Public Relations