Jeremy Witte Joins GENCO Marketplace as Chief Operating Officer Witte brings more than 10 years of experience in operations, technology and retail

PITTSBURGH, May 20, 2014 /PRNewswire/ -- GENCO, the leader in delivering product lifecycle logistics® solutions, announced today that the company's wholly owned subsidiary, GENCO Marketplace, has named Jeremy Witte as its chief operating officer. In this role, Witte will be responsible for network operations, fulfillment, enterprise systems, analytics and transportation.

"Jeremy joins GENCO Marketplace at a time of many exciting changes in our business, with our customers and throughout our industry," said Laurie Barkman, president and CEO of GENCO Marketplace. "He brings a unique combination of analytics and innovation acumen as we seek to advance technologies and expand operations within the industry. His experience and knowledge aligns well with our vision to be the leader in multi-channel liquidation fulfillment."

"Retail. Reverse Logistics. Technology.  All are things I am extremely passionate about," said Jeremy Witte.  "I am deeply honored to join GENCO Marketplace, the undisputed leader in this industry and excited to lead the operations and technology teams. I've seen many companies in this business – vendors, customers and partners alike. GENCO is one of a kind and I am thrilled to be a part of it."

Witte joins GENCO Marketplace with more than 10 years of experience in operations, technology and retail. He most recently served as CEO for Elovations Services Group, where he launched operations supporting the global shipping program of the world's largest online auction platform. Witte brings retail and reverse logistics experience from industry leaders Walmart and Amazon.com. He began his career as a commissioned officer in the U.S. Army, serving in leadership roles in light-cavalry and infantry organizations with two combat deployments.

About GENCO Marketplace
GENCO Marketplace (GMP) is America's leading wholesale liquidator of retail store returns. The company liquidates more than $5 million worth of products every business day to liquidators, discount retailers, eBay sellers, flea marketers, and other entrepreneurs.

GMP's liquidation channels include direct sales by the truckload to high-volume buyers and online sales of pallet and multi-pallet lots on the company's B2B website – www.GencoMarketplace.com, as well as direct to consumers through the company's bargain shopping site – www.NoBetterDeal.com.

About GENCO
GENCO is the recognized leader in product lifecycle and reverse logistics solutions designed to maximize value and reduce costs.  GENCO operates 130 value-added warehouse locations comprising 38 million square feet and manages $1.5 billion in freight annually throughout North America.  GENCO's diverse range of customers includes many Fortune 500 companies in the technology, consumer and industrial, retail and healthcare markets and the federal government.  GENCO's complete range of product lifecycle services include inbound logistics; warehousing & distribution; fulfillment; contract packaging; managed transportation; systems integration; returns processing & disposition; test, repair, refurbishment; product liquidation; and recycling. For more information, visit www.genco.com

Don Rendulic
Director, Marketing and Corporate Communications
412-820-3922
donald.rendulic@genco.com

SOURCE GENCO



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