Partsearch Technologies Names Ron Totaro as its Chief Executive Officer

Mar 30, 2010, 10:05 ET from Partsearch Technologies

NEW YORK, March 30 /PRNewswire/ -- Partsearch Technologies, the leading online platform for parts and accessories management, with a catalog of more than 11 million replacement parts for 1000 brands, announced the appointment of Ron Totaro as its chief executive officer.

Totaro brings more than 20 years of experience to his new role as CEO of Partsearch Technologies. He has served in a range of general management, operations, sales and marketing positions. Most recently, Totaro was the Chief Operating Officer of ACI Worldwide, the world leader in electronic payment software, where he was responsible for all aspects of the global P&L. Previously, Totaro served five years as general manager at Fair Isaac Corporation where he managed the company's largest business unit, best known for its FICO credit score. There, he achieved record revenues, extended the credit scoring franchise to 28 new countries and drove the stock price to an all-time high. He has also held leadership positions at GE Capital, American Express and AOL Time Warner.

"With our industry leading parts catalog, a multichannel distribution platform and our rich supply network, Partsearch is strategically positioned to expand well beyond its current transaction-focused business," said Totaro. "I am very pleased to help guide the next stage of its evolution."

Ron Totaro succeeds Michael Dering, the Interim CEO, who will now chair the company's board of directors.

"Our search for a new leader has been focused and comprehensive," said Dering. "We were impressed with Ron's track record of growing customer value at technology-enabled global businesses. He has a proven ability to lead top performing teams and build shareholder value. His collaborative style and operational philosophy have already earned the respect of employees, customers and investors."

About Partsearch Technologies

Founded in 2001, Partsearch Technologies is the leading online platform for parts and accessories management. Partsearch provides parts procurement services to major retail partners, warranty administrators and their customers; it operates a consumer-focused online store at www.PartStore.com and offers web based solutions for small businesses at www.PartStorePro.com.  Partsearch has created the only industry standard Master Parts Catalog with more than 11 million unique parts, and a parts-specific virtual supply chain across over 1000 major brands and multiple product categories. For more information visit Partsearch Technologies at www.partsearch.com.

SOURCE Partsearch Technologies



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