http://atmmarketplace.com/article.php?id=8710&na=1
Tranax announces new board, preps company for growth
17 Apr 2007
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FREMONT, Calif. — Tranax Technologies Inc. has created a board of directors, a sign of the company’s preparation for growth, it says.
“We’ve brought in a very experienced team of senior executives to help steer the company — all of whom have successfully built large global, high-technology companies,” said Tranax founder and chief executive Dr. Hansup Kwon. “They bring a wealth of experience and expertise in operations, finance, strategy and management. Their purpose is to help Tranax Technologies be in position for its next phase of growth.”
The role of the newly created board of directors will be to serve as a sounding board and counsel to help the CEO and executive team. The board also is expected to implement practices and strategies as well as oversee hiring.
The five board members are expected to serve three-year terms. The team compromises non-executive directors Wolfgang H. Hausen, Jack McDonnell Jr. and Dr. Kathryn S. Hanson; executive directors Dr. Kwon and Heemook Kwon. Diane Holt Frankel will serve as board counsel.
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McDonnell is the founder of TNS, an e-commerce data-communications company, and the former chairman and CEO of PayLinX. He also is founder and head of the Electronic Funds Transfer Association, and is the recipient of KPMG Peat Marwick LLP’s 1997 High Tech Entrepreneur Award and the Rensselaer Polytechnic Institute 2002 Entrepreneur of the Year Award. He serves as a director at DealerTrack and Cyber Source.
McDonnell holds a master’s degree in electrical engineering from Rensselaer Polytechnic Institute in New York, a bachelor’s degree in electrical engineering from Manhattan College, and an honorary doctorate from Marymount University in Virginia.
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McDonnell, Jack Jr. (????)
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