ROCKVILLE, MD – February 21, 2008 – Avendra, the hospitality industry’s leading procurement services company with $3 billion in purchasing volume, named Robert Heaton Chief Financial Officer.
Mr. Heaton was recently the CFO for Agentrics (formerly Worldwide Retail Exchange) a full-service solution platform for the retail and consumer goods industry in the areas of sourcing, demand chain management, data synchronization and product lifecycle management. While at Agentrics, he led the integration of merged businesses and built the company’s finance and accounting function.
Prior to Agentrics, Mr. Heaton spent 13 years with Target Stores in a number of financial positions. While at Target, he led a team that developed and implemented major changes to their pricing strategy, improved inventory turnover, and oversaw the strategic direction of Target’s new financial system.
“Robert’s extensive experience in the retail and wholesale industries will be of the utmost value as we continue our growth into new markets,” said Dennis Baker, president and CEO of Avendra. “His depth of experience in sourcing and supply chain management will contribute to helping us fulfill our long-term strategic initiatives.”
Mr. Heaton has an MBA degree with an emphasis in Finance, as well as a combined double degree with a Bachelor of Arts in Chinese and a Bachelor of Science in Accounting from Brigham Young University.
About Avendra
Avendra is North America’s leading procurement services company serving hospitality-related industries. Avendra customers gain access to contracts leveraging $3 billion of annual purchases, expert advisory services and in-depth purchasing data and analysis. Through Avendra, customers obtain substantial savings on their purchases and other value added services to improve their operations and bottom line results. Formed in 2001, the company is headquartered in Rockville, MD and has regional offices throughout the United States and Canada. For more information, please call toll free, (866) AVENDRA, visit www.avendra.com, or email inquiries to info@avendra.com.