March 24, 2008, 12:00 AM

uBid.com names a new CFO and expands executive team

The auction site for excess merchandise has promoted Miguel Martinez from vice president of finance to chief financial officer and appointed three vice presidents to manage client accounts and partnerships.

UBid.com, an auction site for excess merchandise, has promoted Miguel Martinez from vice president of finance to chief financial officer and appointed three vice presidents to manage client accounts and partnerships.

Martinez, who has more than 20 years of experience in financial management, joined uBid as vice president of finance in February 2005. In his new role as chief financial officer, he will add responsibility for managing uBid’s Risk Reporting and Analysis Center, which was formed in December to develop stronger ties between departmental performance and the company’s overall financial performance. UBid is operated by uBid.com Holdings Inc.

"Miguel will play a key role in positioning uBid as the leading asset recovery and liquidation solution for manufacturers and retailers in 2008,” says uBid CEO Jeff Hoffman.

The company also appointed Timothy E. Takesue executive vice president, account management and seller solutions. Takesue, a member of uBid’s founding executive team, has served the company in a variety of sales and marketing positions since 1997.

Sally Dahl, who has served as vice president of customer and seller operations for the past six years, was appointed vice president of seller solutions. She will focus on the company’s Seller Solutions Center, serving both uBid’s internal account management team and a growing base of certified merchants, the company says.

UBid also named Kirk Maier as vice president of BtoB/Wholesale Solutions. A 20-year veteran who has worked for such manufacturers as Samsung, Mitsubishi and LG Electronics, Maier will work on building partnerships with global computer and consumer electronics manufacturers.

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