FiREapps to Lead Executive Webinar on What Every CFO Needs to Know about Foreign Exchange
Citigroup to Offer Best Practices to Mitigate Foreign Exchange Risk; JDA Software Group to Share How it Reduced Exposures; Hosted by Former Microsoft CFO John Connors
SCOTTSDALE, Ariz. — April 23, 2007 — FiREapps™, the leading provider of Corporate Foreign Exchange Management Technologies, announced today the latest addition to its popular FX Best Practices Webinar series. Hosted by former CFO of Microsoft, John Connors, the panel features Bret England, Group Vice President and Corporate Controller for JDA Software Group, Inc. and James R. Hallemeyer, Director of Foreign Exchange, Citigroup Global Markets, Inc. along with FiREapps CEO Wolfgang Koester.
“Without global visibility and decision making tools, the hardest job in finance is managing foreign exchange exposure,” former CFO of Microsoft, John Connors and partner at Ignition Partners, LCC, John Connors. “This breakthrough discussion brings together leaders in the industry to advise corporate executives on what can be done immediately to reduce the serious risks caused by currency volatility.”
The webinar which will address best practices for managing foreign exchange exposure from both a management and corporate perspective will be valuable to Senior Accounting and Finance Executives as well as Foreign Exchange Managers. England will reveal JDA Software’s experiences in managing foreign exchange exposure and how the company successfully achieved and is benefiting from investing in best practices. Hallemeyer will share the applicable best practices that Citigroup feels are prudent for corporations to use to effectively manage foreign exchange risk. He will also explain how the bank collaborates with FiREapps to seamlessly execute the foreign exchange transactions provided by FiREapps’ optimal decision making tools.
Topic: “What Every CFO Needs to Know about Foreign Exchange”
Panelists:
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John Connors – Former CFO of Microsoft Inc.
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James R. Halleymeyer –Director of Foreign Exchange, Citigroup Global Markets, Inc.
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Bret England – Group Vice President and Corporate Controller, JDA Software Group, Inc.
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Wolfgang Koester – CEO, FiREapps (a division of RimTec, Inc.)
Date: Wednesday April 25, 2007
Time: 11:30am PT / 1:30pm CT / 2:30pm ET
To Attend: Go to Executive Briefing on Foreign Exchange Best Practices – What every CFO needs to know about Foreign Exchange or Call +1.866.928.FIRE (3473)
“No corporation needs to suffer the too common negative financial surprises and headaches managing foreign exchange exposures. By leveraging a best practice based approach, we were able to avoid the common pitfalls even with our aggressive M&A strategy,” said Bret England, Group Vice President and Corporate Controller, JDA Software Group. “I am happy to share how JDA has reduced risk and increased operational and transaction efficiencies, even in the midst recent acquisition, by implementing a holistic foreign exchange management process combined with the automation, analytics, and decision support capabilities of FiREapps.”
About the Speakers:
Bret L. England is Group Vice President, Corporate Controller and Treasurer at JDA® Software Group, Inc. (Nasdaq:JDAS). In his role at JDA, Mr. England is responsible for all global accounting, tax and treasury functions. Working with FiREapps, Mr. England ensures that JDA's operating results are not impacted by foreign exchange movement.JDA is the leading software and service provider for manufacturing and wholesale-distribution customers in more than 60 countries realize real demand chain results. Prior to joining JDA, Mr. England held executive level positions in the US and Europe with leading software and technology companies including Symantec, Informix, AltaVista, and Portal Software. Mr. England is a Certified Public Accountant, is a member of Financial Executives International (FEI) and has over 20 years of experience.
James R. Halleymeyer is Director of Foreign Exchange for Smith Barney a division of Citigroup Global Markets, Inc. In this position Mr. Hallemeyer manages a group specializing in Foreign Exchange and Currency Management. Further he assists multi-national corporations with their excess liquid cash investment needs and utilizes his hedging skills and the Citigroup commodities platform to hedge and manage risk in key commodities such as Oils and Metals. Prior to joining Smith Barney, Mr. Hallemeyer worked 20 years in the Bio-Tech and Computer industries holding positions in Corporate Treasury and Corporate Controller.
John Connors spent sixteen years at Microsoft Corporation in several strategic roles. From January 2000 to April 2005 Mr. Connors was Senior Vice President of Finance and Administration and Chief Financial Officer. He currently is a partner at Ignition Partners, LCC, a capital investment firm.
Wolfgang Koester is the CEO of Rim-Tec, Inc. which developed FiREapps, the leading corporate foreign exchange management technology firm. Mr. Koester has been managing risk for Fortune 100 companies as well as governments, including G-10s, since 1986. Prior to forming Rim-Tec, Mr. Koester served as President with GFTA Trendanalysen Inc., a quantitative currency manager.
About FiREapps
FiREapps™, a subsidiary of Rim-Tec, Inc., is the leading technology provider of Exposure Management solutions. FiREapps delivers the market's only end-to-end solution that evaluates foreign exchange exposures and optimizes decisions to reduce economic risk and operational inefficiencies. FiREapps' optimized decision making processes are supported by comprehensive analytical capabilities and patent pending Decision Management Technologies. An on-demand solution based on proven best practices for managing foreign exchange exposures, FiREapps is highly accurate, user friendly and easily tailored to meet individual corporate needs. FiREapps has offices in Scottsdale, Arizona and Portland, Oregon and can be visited online at www.fireapps.com.
Contact:
Dara Sklar or Michael Kellner
Schwartz Communications
415-512-0770
