Mark Lorimer Appointed President and CEO of autobytel.com, inc.
As the former COO of Autobytel.com, Lorimer has been instrumental in furthering Autobytel.com's position in the marketplace.
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Jun 10, 2004 22:40:21
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Description: Irvine, CA - June 26, 1998 - Autobytel.com () , the premier online car-buying program, today announced the promotion of Mark Lorimer to President and Chief Executive Officer. The former Chief Operating Officer of Autobytel.com, Lorimer is now responsible for all of Autobytel.com's strategy, planning and operations, both domestic and international. "It gives me great pleasure to announce Mark Lorimer's appointment and I look forward to working with him as he takes Autobytel.com to its next level," said Pete Ellis, Autobytel.com's founder. "Mark has been instrumental in facilitating the rapid and successful expansion of Autobytel.com. His expertise in building business relationships, combined with strong leadership skills and the ability to make effective decisions within the rapidly changing context of Internet commerce, have helped Autobytel.com achieve its preeminent position." Ellis founded the company to pursue his vision to effectively alter the automotive distribution channel. The Autobytel.com concept has far exceeded expectations, and, though imitators have followed, Autobytel.com is the number one web site for low-cost car buying. Now that Autobytel.com has made its mark on the U.S. auto industry, Ellis will continue to work on Autobytel.com's domestic and international strategic initiatives. At the same time, the company also announced that Michael Fuchs was named Chairman of Autobytel.com's Board of Directors. Fuchs formerly served as Chairman and CEO of Home Box Office (HBO) and later served as Chairman and CEO of Warner Music. "Michael has had great experience in transforming industries. His experience at HBO has provided, and will continue to provide, an enormous advantage to Autobytel.com as we move into the next phase of our development," said Lorimer. Lorimer joined Autobytel.com in December 1996 as General Counsel and was promoted to Executive Vice President, Chief Operating Officer in May 1997. Prior to joining Autobytel.com, Lorimer served as a capital markets partner for the international law firm, Dewey Ballantine. From 1993 to 1995, Lorimer served on the faculty of Fordham Graduate School of Business Administration in New York where he taught Securities Transactions. Lorimer is also a popular lecturer on Internet commerce, strategic alliances and joint venture formation and, as a spokesman for Autobytel.com, has been interviewed in numerous publications on the subject of Internet commerce.
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