September 3, 2002, 12:00 AM

GlobalNetXchange Announces Executive Board Changes

Paul Demery

Chief Technology Editor

CONTACT:
Melissa Gisler
GlobalNetXchange
415-283-3804 or mgisler@gnx.com

Paul Liska, CFO of Sears, Bertrand de Talhouet, Deputy Chief Executive Officer Of PPR, and Harry Frenkel, CFO of Federated Merchandising Group, Join the GNX Board of Directors

Tuesday September 3, 7:11 am ET

SAN FRANCISCO, Sept. 3 /PRNewswire/ -- GlobalNetXchange (GNX), the leading B2B marketplace for the retail industry, today announced three new additions to the company`s Board of Directors: Paul Liska, executive vice president and chief financial officer, Sears, Roebuck and Co., Bertrand de Talhouet, deputy chief executive officer, Pinault-Printemps-Redoute (PPR), and Harry Frenkel, chief financial officer and senior vice president of finance, operations and facilities for Federated Merchandising Group.

Mr. Liska fills the GNX Board position created by the departure of Jerry Miller, former Sears` chief information officer, who recently left the Sears organization. Mr. de Talhouet takes the seat formerly occupied by Yves Barraquand, who is leaving the Board as a result of his promotion to chief operating officer of REXEL, PPR`s electric parts division. Mr. Frenkel becomes the first member of the GNX Executive Board to join from Federated Department Stores.

"GNX has benefited greatly from the hands-on leadership that Jerry and Yves have provided over the past two years, and I thank them both for their contributions to the organization," said Joe Laughlin, chief executive officer, GNX. "We look forward to the results-driven leadership and guidance that our three new Board members, with their combined experience as the heads of financial and business operations for some of the largest retailers in the world, will bring to GNX. We`re also excited to welcome Federated to the Board. GNX is focused on building exchange solutions that drive value for the entire retail industry, and we applaud the fact that Federated has stepped up to assume a leadership role in this effort."

About GlobalNetXchange

GlobalNetXchange, LLC is the retail industry exchange focused on customer success. GNX helps retailers and manufacturers streamline the processes at the core of their business and drive down costs across the entire supply chain. GNX equity partners include many of the world`s largest retailers: Carrefour SA; Coles Myer Ltd.; Karstadt Quelle AG; The Kroger Co.; METRO AG; Pinault-Printemps-Redoute SA; J Sainsbury plc; and Sears, Roebuck and Co. More information is available at www.gnx.com or +1-415-399-0990.

Source: GlobalNetXchange, LLC

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