OB10 Announces Paul Hewitt as Chairman

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Paul Hewitt brings experience in directing high-growth, market-leading companies to OB10

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Paul is joining OB10 at an exciting point in the company’s development as we look to extend our global leadership position in e-Invoicing and bring our supply chain finance solution to market.

OB10 (http://www.ob10.com), the e-Invoicing network, has appointed Paul Hewitt as Non-Executive Chairman of the Board, effective from 20 April 2012.

Mr Hewitt brings to OB10 experience in directing and nurturing high-growth, market-leading companies, and knowledge of the payments and banking industries. He currently holds the role of Non-Executive Director for a portfolio of companies, including Kiln, an insurance underwriting group, and The Co-operative Banking Group, where he was previously CFO and then Deputy Group CEO. Mr Hewitt also spent four years with RAC plc as Finance Director, after three years as FD at Redland plc and six years as Finance and Marketing Director of Euromoney Publications plc.

“We are delighted to welcome Paul as Chairman of our board,” said Luke McKeever, CEO. “He is joining OB10 at an exciting point in the company’s development as we look to extend our global leadership position in e-Invoicing and bring our supply chain finance solution to market. His financial and banking expertise, coupled with his experience working with fast-growth technology businesses will help us achieve our goal of becoming the world’s most recommended global trading network.”

Paul Hewitt, Chairman, said, “I am delighted to join OB10 at this key point in our growth. OB10 has consistently led the e-Invoicing market in terms of innovation, international coverage and network activity. I look forward to helping the business grow and bring disruptive new services to market that offer value to both our buyer and supplier customers.”

About OB10
OB10 (http://www.OB10.com), the e-Invoicing network, simplifies and streamlines the complex invoice-to-pay processes. Neither client organisations nor their suppliers are required to implement any hardware of software, and OB10 is independent of data file formats. OB10 can reduce the cost of paper-invoice processing by typically 60% and can deliver an ROI in less than a year if the programme follows OB10’s best practice guidelines. Operational across Europe, North America and Asia, OB10 is compliant with the requirements of VAT, tax and e-Invoicing legislation, and receives invoices from suppliers across 150 countries. To ensure unrivalled and rapid supplier enrolment, each new customer’s suppliers are supported by an implementation services team responsible for getting them up and running on the OB10 network.

Customers include: Agilent Technologies, Amgen, Aviva, Barclays, BP, British Energy, Cargill, Computacenter, Deutsche Lufthansa AG, DHL, Dr. Pepper, DSG International, Eli Lilly & Company, Fisher Scientific, General Motors, GlaxoSmithKline, HP, IBM, Imperial College, Kellogg’s, Kraft Foods, Logica, Mohawk Industries, Motorola, Pfizer, Sara Lee, Schneider Electric, Severn Trent Water, Shaw Industries, Steria, Tesco, Unilever, US Federal Government, Whirlpool and Xerox.

OB10 blog: [http://www.ob10.com/OB10Blog/

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Sandra Higgison
OB10
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