Goings On At the Top

Prescient CEO named woman of distinction, webplan adds member to board of directors, Avatech selects new CEO

West Chester, PA, Newport Beach, CA, Owings Mills, MD  December 5, 2002  The top execs at various companies have been busy this week.

First, supply chain planning solutions Prescient's chief executive officer, Jane Hoffer, was named as one of 25 Women of Distinction, an award given by the National Association of Women Business Owners and the "Philadelphia Business Journal." According to Prescient, the honorees represent women from many professional sectors, including business, finance, academia and medicine.

Hoffer, who is a graduate of Texas A&M University, is also president of Prescient. She lead the transition of Prescient solutions from forecasting and inventory planning software to the suite of supply chain planning solutions for the consumer products market it classifies itself as today.

Next, webplan Corp., a supply chain management solutions provider, announced Douglas Colbeth, founder and former CEO of Spyglass Inc. and a high-tech veteran of 20 years, as its new Chairman of Board. He was originally appointed to the webplan Board of Directors in February 2001.

webplan said Colbeth brings to the company experience in the technology, business and professional services areas. Among his accomplishments, Colbeth has been involved in several mergers and acquisitions and was also instrumental in successfully transforming Spyglass from a small, privately owned company into a public entity. He was also named as the 1997 Ernst & Young Entrepreneur of the Year award, an award co-sponsored by "USA Today" and Nasdaq.

Finally, design automation and quality assurance solutions provider Avatech Solutions said it has appointed Donald "Scotty" Walsh as the company's new chief executive officer. Walsh is also a 38-year veteran in the high-tech sector, and Avatech said he would be responsible for developing the company's computer-aided design products, quality assurance software and professional services worldwide.

"Scotty brings a track record of sales and marketing expertise to Avatech, and we're thrilled to see him move from being a member of the board and take a leadership role as the CEO," said W. James "Jim" Hindman, chairman of the Board of Avatech Solutions. "At this accelerated stage in the company's development, we are looking to Scotty to help us to grow our organization."

Avatech co-founder Hank Felton will be moving from CEO into a new position as vice chairman of the board. Working with Hindman, Avatech said he would focus on improving the company's financial/investor base, as well as oversee the development of the company's controls and procedures to fully implement the Sarbanes-Oxley requirements.