RetailExchange.com names president and COO

RetailExchange.com, an online business-to-business global marketplace for excess consumer products, has appointed Frank Carpenito, a consumer products, Internet and retail industry veteran, to the position of president and chief operating officer. Carpenito, 38, will be responsible for leading and directing the company's daily business operations, further developing its sales and marketing organization and overseeing ongoing web site and technology development. The appointment of Carpenito is part of RetailExchange.com's continued expansion of its management team that already includes numerous retail and technology industry veterans. RetailExchange is an online exchange for off-price retail goods between retailers and manufacturers. Kenneth S. Frieze will assume the role of chairman in addition to continuing his responsibilities as the company's chief executive officer, a position he has held since founding RetailExchange.com in July 1999. Carpenito had been CEO and president of an Internet Capital Group company Nationstreet, a web-based logistics and e-fulfillment service enabler, where he oversaw all business matters and redefined the company's business strategy.