B-STOCK ANNOUNCES APPOINTMENT OF NEW CHIEF EXECUTIVE OFFICER

Marcus Shen to Succeed Howard Rosenberg as CEO of B-Inventory

BELMONT, CA, March 24, 2022 (GLOBE NEWSWIRE) — B-Inventory, the world’s largest business-to-business market for extra merchandise, right this moment introduced that Howard Rosenberg is stepping down as CEO of B-Inventory. Mr. Rosenberg might be succeeded by B-Inventory COO, Marcus Shen.

Mr. Rosenberg is most proud that he constructed a world-class group that cares deeply in regards to the success of consumers and sellers whereas creating a robust, constructive, and enduring tradition that has made staff proud to work at B-Inventory. Since founding B-Inventory in 2008, Mr. Rosenberg has led B-Inventory to be the most important participant in extra merchandise.

After 17 years within the enterprise, Mr. Rosenberg says it’s time for him to take a much less energetic position in day-to-day operations. “Marcus has been an amazing asset to B-Inventory as COO for the previous three years and has confirmed that he shares our group’s imaginative and prescient and values. Underneath his steering, I’m 100% assured that the group will proceed to execute at a excessive stage for our consumers and sellers.” Mr. Rosenberg will stay Chairman of the Board of Administrators.

“I wish to thank Howard and the Board for his or her confidence in my management,” mentioned Mr. Shen. “The world of commerce goes via a serious transformation; retailers and producers of all sizes must function in a much more environment friendly and sustainable method than ever earlier than. We at B-Inventory are extremely excited to be a key a part of this industry-wide shift.”

As CEO, Marcus Shen will assume full administration duties for B-Inventory. Mr. Shen has additionally been added to the Firm’s Board of Administrators.

Throughout his time as COO of B-Inventory, Mr. Shen has overseen technique, product, engineering, enterprise operations, and finance. He has been instrumental in B-Inventory’s continued development and performed a key position in recruiting high expertise to the corporate.

Previous to B-Inventory, Shen was CFO and Head of Operations of Content material Analytics, an e-commerce analytics answer for retailers and types. And earlier than that, he spent over 5 years at Yahoo!, the place he was Vice President of Company Improvement with strategic and operational accountability for the corporate’s acquisitions, investments and key partnerships. Shen brings over 20 years of expertise within the web and software program industries, specializing in SaaS, e-commerce, and marketplaces. He earned a bachelor’s diploma in economics from the College of California, Berkeley, and an MBA from the Marshall Faculty of Enterprise at USC.

About B-Inventory:
B-Inventory is the world’s largest B2B recommerce market for extra [or surplus] merchandise. Companies of all sizes leverage the B-Inventory platform to promote and purchase buyer returns, overstock, and different extra merchandise. Our prospects vary from the world’s largest manufacturers and retailers (together with 9 of the highest 10 U.S. retailers) who need best-in-class stock administration to entrepreneurs seeking to supply precious merchandise for his or her resale companies. B-Inventory believes there may be great worth in and demand for this stock – irrespective of the class, situation, or location. We pleasure ourselves on empowering the entrepreneurs and innovators of commerce. Having accomplished over 225,000 transactions in 2021, B-Inventory offers consumers a easy and direct means to purchase precious merchandise and provides sellers a trusted substitute for conventional liquidation whereas boosting operational effectivity, restoration charges, and cycle time.

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