Global Food Exchange, a leading provider of web-based software for perishables management, announced today the appointment of Dennis Hogue as chief executive officer.
Hogue was most recently CEO of E3 Corporation, which provides advanced inventory management systems for retailers and wholesalers.
In his new position, Hogue will build on Global Food Exchange’s leading position in supply chain management software, focusing on quickly delivering profit for customers. He will also spearhead the firm’s international expansion.
“Dennis has generated results for global retailers and wholesalers by deploying leading edge technology to lower inventory throughout their entire supply chain, while improving service,” said Mark Moore, co-founder and president of Global Food Exchange. “His expertise is especially critical in today’s operating environment, in which retailers are under constant pressure to improve efficiency and lower costs in every aspect of their operations.”
“Global Food Exchange’s software platform provides tremendous value to the food industry, where controlling supply chain costs is especially important,” said Hogue. “I believe Global Food Exchange provides an effective, web-based technology solution that delivers quick results – in the form of increased efficiency, reduced inventory and logistics costs, and faster response to market changes.”
In addition to his focus on delivering measurable value to customers, Hogue will also lead the Atlanta-based firm’s international expansion. Last week, Global Food Exchange announced the opening of a new office in Paris to serve clients in Europe.
Hogue continued, “My vision for Global Food Exchange is to establish worldwide leadership as the collaborative marketplace linking suppliers to retailers and wholesalers. We will leverage the international reputation and partnerships of our second round investors – JAFCO Ventures, a leading international venture capital fund with significant relationships in Europe, the U.S., and Asia; and HarbourVest Partners, one of the largest private equity investment firms in the world, managing assets of more than $10 billion.” Hogue added that Global Food Exchange’s first round funding came from leading venture firms Charles River Ventures, Sigma Partners, and Bain Capital.
Hogue joins Global Food Exchange from E3 Corporation, where he served as CEO and president. With over 600 customers located in 17 countries around the world, E3 is recognized as a leader in delivering collaborative inventory management and replenishment solutions to wholesalers, retailers and manufacturers in multiple vertical markets, with a significant presence in the food industry.
About Global Food Exchange
Global Food Exchange provides web-based software for perishables management that increases buyer and vendor efficiency, reduces inventory and logistics costs, expands market access, and allows better category management and quicker response to changing consumer needs. Global Food Exchange’s open technology software integrates seamlessly with clients’ current I.T. systems. Retailers, wholesalers, and distributors can source, negotiate terms, and manage logistics and payment with suppliers – all online and with total security. For information about Global Food Exchange, please visit www.globalfoodexchange.com or call (877) 491-2424 or (404) 872-4489.