Jan and Gail are significant complements to our team.
NEW YORK (PRWEB) June 2, 2008
As Vice President of Business Development, Dutton will play a key role in helping Storm Exchange drive the expansion of the weather derivatives market throughout the agriculture, construction, energy, outdoor entertainment, retail and travel industries. Prior to joining Storm Exchange, Dutton was the Director of WeatherBug Professional, a division of AWS Convergence Technologies, Inc., where he led product development and charted the firm's meteorological strategy. Before WeatherBug, Dutton was a co-founder of Weather Ventures, Ltd., a firm providing information, strategies and decision system designs for managing weather and climate risk in the public and private sectors.
Martell, in her capacity as Senior Agriculture Analyst, will help Storm Exchange further develop its weather-based financial risk management solutions for the agricultural market. Having worked in the commodities business for more than 20 years, Martell is widely regarded as one of the country's leading authorities on the impact of weather conditions on worldwide agricultural commodities. As the founder of Martell Crop Projections, her daily reports on weather and crop yields are relied upon by hundreds of commodity traders and farmers who base trading and strategy decisions on her analyses. Prior to founding her company, Martell was Chief Meteorologist for EF Hutton's Commodities. Pioneering the firm's use of meteorology to analyze the impact of weather on agricultural commodities and the broader financial markets, Martell was one of the first full-time meteorologists on Wall Street.
"It is our goal to create a brain trust of recognized leaders in atmospheric science, risk management, finance and business administration to create solutions to one of Corporate America's biggest challenges," said David Riker, Storm Exchange CEO. "Jan and Gail are significant complements to our team."
Dutton earned a Ph.D. from the Pennsylvania State University Department of Meteorology and an MBA from the Smeal College of Business at the Pennsylvania State University.
Martell earned a Masters of Science degree in meteorology at The University of Wisconsin-Madison.
About Storm Exchange, Inc.
Storm Exchange is a leading provider of weather-related financial and information services. The company helps corporations improve performance by identifying, quantifying and controlling the impact of weather on their income and expenses. The company also serves investors and other financial services providers with solutions that create an investment advantage through insight into how weather will impact earnings. Storm Exchange solutions include industry-specific weather indices, data/analytics, forecasts and hedging programs that address the fundamental drivers of performance that result from business exposures to precipitation, wind, temperature and other climate variables. Storm Exchange is headquartered in New York, and maintains a weather research center in State College, PA.
Storm Exchange, Inc., a market leader in weather-risk management services, today announced the appointment of Jan F. Dutton, Ph.D., as Vice President of Business Development and Gail Martell as Senior Agriculture Analyst.
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