USinternetworking promotes Andrew Stern to CEO

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USinternetworking, the well-known application service provider, has promoted its executive vice president and chief operating officer, Andrew Stern, to CEO. Christopher McCleary, the company’s co-founder, will continue as chairman of the Board of Directors and chairman of the newly created Executive Committee.

“We are evolving our organization to better focus on our core business as well as the many strategic opportunities that are available to us,” commented McCleary.

Stern will add the responsibilities of the USi global network operations and the finance and administration functions to his present work load.

“Our team is ready to capitalize on the great opportunities now visible to us as the market leader in this category,” commented Stern. “I look forward to this new challenge. Since we already have a great senior management team in place, the transition time will be minimal.”

Stern came to USi in July of 1998 as chief financial officer, and helped launch the company’s initial public offering in April 1999, raising $145 million. Since June of 1999, he has been the chief operating officer.

Prior to joining USi, he was executive vice president of USF & G, an insurance company with over $14 billion of assets. In that role, he was responsible for its merger, acquisition, and corporate marketing activities. Stern was a partner at Booz, Allen & Hamilton from 1987 to 1993. He holds an MBA from the University of Chicago and a degree in electrical engineering from MIT.

USinternetworking’s portfolio of service offerings includes software from Ariba, BroadVision, Lawson, Microsoft, Oracle, PeopleSoft and Siebel as a continuously supported, flat rate monthly service via a secure global data center network.

USI

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