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Olin to Lead printCafe as President & CEO, Co-CEO Guttman Exits

Monday, October 01, 2001

Press release from the issuing company

Pittsburgh, PA (September 28, 2001) -- printCafeTM today announced that William Guttman will leave the post of co-CEO of the Company on September 30 and Marc Olin will remain president & chief executive officer. Guttman and Olin shared the management of printCafe for the past two years following the merger of Guttman's Seattle-based company, nth degree software, with Olin's Pittsburgh-based Prograph. While Guttman will move out of an operating role at printCafe, he will continue to participate in the company's future direction as a co-founder, member of the board of directors, and a significant shareholder. Guttman is leaving printCafe to join the faculty of Carnegie Mellon University, and he is also actively involved in several regional organizations as a founding member of Pittsburgh Social Venture Partners, a member of the Board of Directors of Three Rivers Connect, and a consultant to several regional start-up ventures. "Bill was critical in raising nearly $120 million in funding for printCafe," said Marc Olin. "This was no small challenge in the economic climate of the last year. We have accomplished a great deal with Bill's help, and now Bill is accepting new challenges. We're very happy that he has elected to stay in Pittsburgh and will be available to advise printCafe closely." Prior to leading nth degree software and printCafe, Guttman was managing partner at management consultancy Lexicon, where he developed a strategy and systems practice serving many of the world's leading media companies including News Corp., Viacom, Hearst, Condé Nast, and Knight-Ridder. Earlier in his career, he served as an economist and special advisor to the US Department of State, the World Bank, the International Monetary Fund, and the Organization for Economic Cooperation and Development. After receiving his B.A. from UCLA, he was a British Council Scholar and received his Ph.D. and Master of Philosophy degrees from Balliol College, Oxford University. printCafe also announced today that Joseph Whang, current chief financial officer of printCafe, will also assume the role of chief operating officer. Before joining printCafe in early 2000, Whang served as managing director of McDonald Investments. He is a founding partner of Cleveland-based investment banking firm Carleton, McCreary, Holmes & Co. Whang holds a B.S. from the Wharton School of the University of Pennsylvania.

 

 

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