About Us | Press Releases | July 10, 2000  

artnet Announces Expansion of Management Team

New York - July 6, 2000 - artnet expands its senior management team as it enters its accelerated revenue growth phase. Hans Neuendorf, CEO, announces the appointment of Barbara Ross, Chief Operating Officer; Grace Schalkwyk, Chief Financial Officer; Karen Amiel, Vice President of Content Development and Promotion; and Ned Rynearson, Chief Technology Officer.

Barbara Ross will take responsibility for the business units of artnet including Online Auctions, the Online Gallery Network, Fine Art Auctions Database, African Art Auctions Database, Bookstore and the Prints, Multiples and Photography Store. In her capacity as COO, her goal is to achieve high revenue growth, capitalizing on the strong product line and infrastructure base that have already been developed. With her extensive experience in management and business operations, she will assist each of the groups in meeting their full growth potential. Ms. Ross joins artnet as a former partner of Bel-Air Capital, a private equity firm which provides early stage Internet companies with management and financing expertise. Previously Ms. Ross spent eight years with Lehman Brothers where she played an integral role in developing the firm's global asset swap trading business and global project finance business, respectively, into market-leading positions. Ms. Ross holds a BA from Stanford University and an MBA from Columbia University.

Grace Schalkwyk's role has been expanded to Chief Financial Officer, overseeing all of the critical financial decisions of the company. She will continue to be in charge of business development and investor relations. She has named John Savignano as Vice President Finance and Accounting, who joins the firm after 17 years at Carl Zeiss Holding and PricewaterhouseCoopers. Ms. Schalkwyk, who joined artnet in July 1999, has 16 years experience in finance and corporate development from Bluestone Capital Partners, Reuters Group and CS First Boston Corporation's investment banking division.

Karen Amiel has been named to the new role of Vice President Content Development and Promotion, will be in charge of marketing, advertising, public relations, site content development and membership development. Formerly Director of Special Projects and an auction specialist for Modern and Contemporary Art at artnet, Ms. Amiel brings more than thirty years of art and business experience to artnet. She is best known for her private art dealing through Karen Amiel, Modern and Contemporary Art which she founded in 1984, representing select artists, buying and selling 20th century art on the secondary market and forming private and corporate collections. Ms. Amiel has also been Curator of the Arts Council of Great Britain and worked for several major contemporary galleries in the US and Europe.

Ned Rynearson has been named Chief Technology Officer. He joins artnet with over fourteen years experience in the Information Systems field with a focus on PC/Web application development; computer based training and system enterprise rollouts in various industries. Over the past six years, his primary focus has been in the area of development and implementation of Internet and client/server systems, with an emphasis on the Microsoft suite of products.

Joining the team in the new position of Vice President Human Resources is Don Marino. Mr. Marino comes to artnet from two years at OptiMark Technologies Inc., a start-up software development company, and 18 years with pharmaceutical companies American Home Products and Hoffmann-LaRoche Inc., where he held increasingly responsible technical and human resources positions.

About artnet
Founded in 1989, artnet is internationally recognized as the premier Internet site for art information and e-commerce worldwide. artnet's online gallery network matches 1,000 galleries, 25,000 works of art and over 10,000 artists with art buyers worldwide. artnet also features the Fine Art Auctions Database, the premier art appraisal resource; online art auctions; an art bookstore; and a daily art magazine. artnet AG is a public company traded on Germany's Neuer Markt. AOL Keyword: artnet.