Tungsten Corporation PLC Tungsten Network appoints new SVP global sales

TIDMTUNG

Tungsten Corporation PLC

13 November 2018

TUNGSTEN CORPORATION PLC

("Tungsten" or the "Company")

For Immediate Release

13 November 2018

Tungsten Network strengthens its Executive Team with new hire

Tungsten Network has appointed Andy Bass as its new SVP, Commercial Development with responsibility for global customer development and sales. He joins as part of Tungsten's wider growth strategy. He will form part of Tungsten's leadership team, reporting directly to Richard Hurwitz, Chief Executive of Tungsten Network.

Andy is a seasoned professional who brings extensive sales and business leadership experience, having driven high-performance sales cultures in an executive capacity at Toshiba UK, Toshiba Europe, and Lenovo. He has been an executive advisor to Open Symmetry, a SaaS leader in the Sales Performance Management ecosystem for the past four years.

"Tungsten Network is a pioneer in a burgeoning industry," said Andy. "As digital supply chains become increasingly important, the world's leading organisations see the necessity of digital back office processes in order to give them a competitive edge. With years of experience in digitising supply chains through electronic invoicing, procurement analytics and trade finance, Tungsten Network represents an exciting new challenge for me."

Richard Hurwitz said: "As Tungsten stands at its growth inflection, it requires a profit motivated sales leader of Andy's calibre, with extensive experience running multi-channel global development and sales organisations. A target and deadline driven executive, he will focus on ensuring Tungsten Network operates with high performing teams, tools and processes that will be integral to delivering profitable growth over the coming years."

Tungsten Network is a global business transaction network, increasing efficiencies in the invoicing process and delivering cost savings. It offers electronic invoicing and purchase order services, procurement analytics, trade finance and a suite of complementary services and products, helping to remove frictions from the global supply chain.

Enquiries:

 
Tungsten Corporation plc                      [phone] 
Richard Hurwitz, Chief Executive Officer 
Daniel Brady, Global Communications Manager 
 
 
Speed Communications 
George Beard                                  [phone] 
Kerry Gould                                   [phone] 
                                              [e-mail] 
 

About Tungsten Corporation plc

Tungsten Corporation (LSE: TUNG) aims to be the world's most trusted business transaction network by using data intelligently to strengthen the global supply chain.

Tungsten Network is a secure business transaction network that brings businesses and their suppliers closer together with unique technology that revolutionises invoice processing, maximises efficiency and improves cash flow. Delivering trusted connections and streamlined transactions, the network also provides users with real-time spend analysis and offers access to trade finance through Tungsten Network Finance.

Tungsten Network processes invoices for 74 percent of the FTSE 100 and 71 percent of the Fortune 500. It enables suppliers to submit tax compliant e-invoices in 48 countries, and last year processed transactions worth over GBP164bn for organisations such as Alliance Data, Cargill, Deutsche Lufthansa, General Motors, GlaxoSmithKline, Mondelēz International, Henkel, IBM, Kellogg's and the US Federal Government.

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November 13, 2018 04:30 ET (09:30 GMT)