SOURCE: TruMarx Data Partners

TruMarx Data Partners

February 14, 2011 17:37 ET

TruMarx Names Jerry Putnam Chairman and Chief Executive Officer

Former Archipelago CEO and NYSE Co-President to Head Innovative Energy Transaction Solutions Provider

CHICAGO, IL--(Marketwire - February 14, 2011) - TruMarx Data Partners, Inc. the creator of COMET, the energy industry's leading web-based execution platform for individual bilateral OTC transactions, today announced that Jerry Putnam has been named Chairman of the Board and Chief Executive Officer. Putnam, a TruMarx Board member since July 2010, succeeds Jon Olson, TruMarx's founding chief executive officer, who remains as President and was named Chief Revenue Officer. The new executive appointments are effective immediately.

Putnam, a recognized markets strategist and entrepreneurial business leader, brings more than 25 years of transaction management and technology experience to TruMarx.

"Jerry is the right leader for TruMarx at this important stage in our evolution," said Jon Olson. "From the time Jerry became a Board member and investor, I have valued his input and wanted to see him more actively involved in the business. We are fortunate to have Jerry on the TruMarx team and believe his expertise and knowledge in trading technology and market structure change will benefit our company, our customers and the marketplace. His involvement allows me to spend even more time with our clients." 

"I am excited about my new role and look forward to working more closely with Jon, the TruMarx Board and our employees to enhance our existing business and create new opportunities for the future," said Jerry Putnam. "With the energy transaction markets rapidly evolving from a technology and regulatory standpoint, I look forward to guiding the company at this pivotal time and helping to further develop the best technology and workflow solutions for the energy trading industry."

Putnam co-founded and was the Chairman and CEO of Archipelago Holdings from 1997 until its merger with the New York Stock Exchange (NYSE) in 2006. He was Co-President and Co-Chief Operating Officer of the NYSE until 2007. He served on the Board of Directors of Greenplum from 2008 until its acquisition by EMC in 2010 and currently is on the Boards of FXall, Cortland Capital and Talent Drive. 

About TruMarx Data Partners
TruMarx Data Partners, Inc., is the creator of COMET, the energy industry's leading web-based execution platform for individual bilateral OTC transactions. Using the internet as a delivery system and employing an open architecture, COMET connects large communities of transactors via web-enabled software tools and the normalization of complex proprietary transactional data, so that disparate counterparties all speak the same "language." Formed by a team of experienced energy professionals, with an established track record in delivering powerful technology solutions for today's energy market challenges, TruMarx provides over 180 energy transactors with a regulatory-compliant and more efficient way to connect. For more information, visit www.trumarx.com.

Contact Information