GlobalSpec.com Names Chief Financial Officer

Former Pepsi-Cola Divisional Finance Chief joins Engineering Web Resource

Troy, NY (October 5, 2000) - GlobalSpec.com, the Internet’s leading resource for engineers and other technical buyers, has named William Hollyer as Chief Financial Officer.

Hollyer joins GlobalSpec.com from Pepsi-Cola where he served as Chief Financial Officer for that company’s $700 million North American Fountain business. At Pepsi-Cola, Hollyer was responsible for managing division operating profit, cash flow, financial operations, systems, and strategic planning. Prior roles within PepsiCo included extensive acquisition experience, operating finance within Frito-Lay, as well as tax and treasury management for PepsiCo’s Europe, Middle East, and African operations.

Hollyer spent eleven years in various executive level finance positions at PepsiCo, including: Director of Corporate Development for Pepsi-Cola, Director of Finance for Frito-Lay, and Director International Corporate Finance for PepsiCo, Inc. He also served in key managerial and engineering roles for General Motors Corporation, 3M Corporation, and Bain & Company.

Hollyer’s education includes an MBA in Finance/Business Policy from the University of Chicago, Graduate School of Business, and a Mechanical Engineering degree from Carnegie-Mellon University.

At GlobalSpec.com, Hollyer will be responsible for translating strategic business objectives into revenue building activities, managing and securing capital, and leveraging financial systems to track performance and drive company growth. “GlobalSpec.com offers a unique opportunity to combine my financial and engineering background,” said Hollyer. “I was attracted to the strong management team and financial investment by Warburg Pincus. GlobalSpec.com is well positioned for successful future growth.”

About GlobalSpec.com
GlobalSpec.com is a business-to-business, Web-based resource that connects engineers and other technical buyers with the products and manufacturers they need based on engineering specifications. Users of GlobalSpec.com have access to bias-free information from about 14 million product specifications from more than 6,000 suppliers arranged in more than 1,100 product areas. GlobalSpec.com’s advanced SpecSearchsm system allows parametric searching for 650 suppliers in 350 product areas. In November of 1999, GlobalSpec.com announced a $20 million financing plan with Warburg, Pincus Equity Partners, LP, an investment fund managed by E.M. Warburg, Pincus & Co., LLC of New York, N.Y.

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Contact:
GlobalSpec Marketing
E-mail: marketing@globalspec.com

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