Corporate Ladder-Climbing 101

Commerce One COO promoted to president

Pleasanton, CA  June 14, 2001  Commerce One today announced that Dennis H. Jones, COO and vice chairman of Commerce One, has been promoted to president effective July 1, succeeding Robert M. Kimmitt. Kimmitt is leaving the position of president of Commerce One to join AOL Time Warner. He will continue as a member of the Commerce One board of directors.

"Bob Kimmitt has made many important contributions to Commerce One, playing a vital role in strategic acquisitions and partnerships and the expansion of our worldwide business, key factors in the company's rapid growth during the past year. We look forward to his continuing support as a member of the board," said Mark Hoffman, chairman and CEO of Commerce One. "Dennis Jones is the right choice for architecting the next phase of growth for Commerce One."

Jones joined Commerce One as COO and vice chairman in April of this year. As a former executive vice president for FedEx Corporation, Jones played an active role in growing FedEx from $30 million in revenues to more than $20 billion. "Since joining Commerce One in April, the conversations I've had with our customers, employees and partners have convinced me that Commerce One has the winning formula for e-commerce. Our leading technology, global reach, strong partners and diverse customer base form an unparalleled foundation for the future growth of the Company," Jones said.