Phil Edwards Joins CompensationMaster as Vice President of Business Development

CHARLOTTE, N.C., Feb. 23, 2011 /PRNewswire/ -- CompensationMaster announced today that the company is expanding its management team and hiring Phil Edwards to fill the newly created role of vice president of business development. He will be responsible for the company's business development strategy, business partnerships, and the sales and marketing teams.

"We are fortunate to have the opportunity to have Phil join us and lead our business development efforts," said David J. Cocks, president of CompensationMaster. "The past year has brought us significant growth, with a doubling of our revenue. Phil's background and experience are ideally suited to help us take advantage of the tremendous growth opportunities that are available to us."

Phil Edwards has had a successful track record in sales, sales training and market development for more than 25 years. He was most recently vice president of Leading Real Estate Solutions®, a business unit of Leading Real Estate Companies of the World®, where he was responsible for evaluating vendors and partners, contracting with partners and managing their partner relationships.  Previously he managed large national and regional sales forces and has done business development for several companies in the real estate, office and computer products industries.

"Over the years I have contracted and worked with many technology companies, but none impressed me the way CompensationMaster has. I have always admired their unique technology and their ability to deliver a solution that can benefit every company in the industry," said Edwards. "I see the potential for CompensationMaster to provide so much value not only in the real estate industry, but in other industries as well. I am excited to be part of helping the company grow and expand into new markets."

About CompensationMaster

CompensationMaster's strategic approach to developing and managing merit-based compensation systems has been proven over nearly three decades to accelerate revenue, motivate the sales force, and build long-term, sustainable financial stability into a business. Today, more than 60,000 sales representatives in a variety of industries around the world are working under compensation plans designed by CompensationMaster. More information is available at www.CompensationMaster.com.

SOURCE CompensationMaster