Fasturn Inc. today announced the appointment of William Seagrave as CEO. Fasturn is a Los Angeles-based procurement solutions provider for manufacturers and retailers in the apparel and textiles industry.
Seagrave has worked in the technology industry since the late 1970s. He will assume the CEO position previously held by Frank Litvack, who will remain with the company as chairman.
Seagrave comes to Fasturn from Oracle Corp., where he served for more than a decade. Prior to that he worked for Intel Corp. Seagrave most recently served as CEO for D2K Inc. where he rebuilt the model and direction of the three-year-old technology startup.
Fasturn closed its series B round of financing for $40 million in June led by Lehman Brothers Venture Partners.