SOURCE: Catalyst Mobile

March 17, 2008 09:00 ET

Catalyst Mobile Appoints Richard Schank as CFO

Industry Veteran Joins Catalyst Mobile to Further Company's Growth

EMERYVILLE, CA--(Marketwire - March 17, 2008) - Catalyst Mobile, a provider of next-generation mobile music and entertainment services, today announced the addition of Richard Schank as chief financial officer. Schank brings over 22 years of finance experience to Catalyst Mobile and has been in the consumer products industry for the past nine years.

"We are pleased to have Richard on board," said Peter Meechan, chief executive officer of Catalyst Mobile. "He brings diverse executive management experience, having held positions at both global, multibillion dollar companies and smaller entities. His industry expertise and proven track record bring even greater value to our partners, investors, and customers."

As chief financial officer, Schank will oversee financial planning and analysis, accounting, debt and equity fund raising, financial management of mergers and acquisitions, benefit and compensation, investor relations, information technology, and the creation and management of globally implemented, multi-dimensional accountability structures. As part of the executive management team, Schank is charged with growing the company through scalable business models, global partnerships, and strategic investments.

Prior to joining Catalyst Mobile, Schank served as vice president of planning for Dreyer's Grand Ice Cream, a division of Nestlé since 2003. Schank played a key role in executing Nestlé's acquisition of Dreyer's, the largest ice cream manufacturer in the United States, which provided both a unique governance structure and superior returns to Dreyer's shareholders.

Prior to Dreyer's, Schank held multiple finance positions at Chevron Corporation, the second largest integrated oil company in the United States. His responsibilities culminated at Chevron in building a respected internal consulting capability able to address major strategic issues facing the company.

Schank received an MBA in finance from the University of Chicago and bachelor's and master's degrees in engineering from the University of California, Berkeley.

About Catalyst Mobile

Catalyst Mobile is Designing the Mobile Lifestyle™. We are accelerating the advanced mobile entertainment market through the creation of compelling entertainment services for consumers through our relationships with mobile operators and handset manufacturers in Japan, China and soon other parts of the world. Our proven solutions are powered by innovative technology delivery platforms that incorporate recognized media brands and are augmented by state-of-the-art technology partnerships. Catalyst Mobile enables experiences that engage, provides solutions that are proven, and delivers innovations that create opportunity. For more information, visit: www.catalystmobile.com.

Contact Information

  • Contact:
    Rosemary Miller
    Citigate Cunningham for Catalyst Mobile
    (415) 618-8720
    Email Contact