Vastera Appoints New CEO

Vastera, Inc. has named Mark J. Ferrer as its new chief executive officer, effective Feb. 1. Ferrer will retain his position as the Dulles, Va.-based company’s president. Mr. Ferrer joined Vastera as its chief operating officer in December 1999 and was promoted to the position of president in April.

Since his arrival at Vastera, the company has bolstered its management team, closed out an initial public offering, posted six successive record setting quarters of operating performance, expanded the company’s managed services offering, released its latest generation of web-native solutions and completed two key acquisitions.

From October 1998 to December 1999, Ferrer served as president of Baan Americas, where he held the profit and loss responsibility for Baan operations in North and South America. From April 1998 to October 1998, he served as chief operating officer for Aurum Software, where he was responsible for sales, marketing, services and development.

From 1982 to April 1998, Ferrer held numerous positions with IBM, the most recent as vice president of Software Sales and Marketing.

Vastera’s solutions include software, trade management consulting and managed services and are designed to streamline global business. The company’s clients include Ford, Visteon, Alcatel, Dell, Microsoft, New Zealand Dairy Board and Nortel Networks.

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