[March 09, 2005] Newgistics Appoints Bill Razzouk as CEO; Former Federal Express COO Brings Vision and Leadership to Leading Provider of Intelligent Returns Management Services Tweet AUSTIN, Texas --(Business Wire)-- March 9, 2005 -- Newgistics, Inc., the leader in intelligent returns management solutions for direct retailers and technology companies, today announced that Bill Razzouk has been appointed as the chief executive officer of the company. Razzouk, formerly chief operating officer and executive vice president of Federal Express, spent thirteen years at the company, and was integral in building the sales and marketing organizations that transformed Federal Express from a 700 million dollar company to an 11 billion dollar industry giant. Razzouk joins Newgistics during a period of rapid growth and will leverage his extensive background to expand and strengthen Newgistics' position as the leader in returns management. "Reverse logistics is a rapidly growing supply chain component and I am excited to be joining the company that is the industry leader in Intelligent Returns Management (IRM). Newgistics continues to launch new solutions that result in dramatically improving the visibility of returns and reducing the cycle time associated with those returns for our customers," said Razzouk. "Newgistics has already demonstrated enormous success in helping retailers intelligently manage returns, boosting shopper satisfaction and loyalty. I look forward to leading the company into an expansion of our services across other verticals and into a new phase of continued growth and accomplishment." In addition to his experience at Federal Express, Razzouk has served on the board of directors for a number of public companies including La Quinta Hotels, Cordis, Inc., and Fritz Companies, a third party logistics provider which was purchased by United Parcel Service. He was also the Chairman and CEO of PlanetRx.com, an internet pharmacy that raised more than 170 million dollars in private and public markets and developed the industry standard by which all online pharmacies are evaluated. Razzouk is currently on the board of Waste Connections, Inc. "Bill Razzouk is well respected in the logistics industry for his proven track record of launching successful companies and building brand names, including Federal Express and PlanetRx," said Ken DeAngelis, general partner of Austin Ventures, Newgistics' primary investor. "We are delighted to secure an executive of Bill's extraordinary talents and we are confident that Bill will leverage his experience to help Newgistics continue as the leader in reverse logistics and returns management." About Newgistics Newgistics, Inc. (www.newgistics.com) is the leader in returns management solutions for the direct retail industry. Newgistics' patent-pending Intelligent Returns Management(SM) solution delivers the most convenience for customers while maximizing control of the returns process for retailers. Newgistics' SmartLabel(R) drives customer loyalty and increases profitability for leading retailers like Neiman Marcus, J.Crew, Eddie Bauer and Abercrombie & Fitch. [ Back To TMCnet.com's Homepage ]