May 6, 2003 -- (WEB HOST INDUSTRY REVIEW) -- NaviSite (navisite.com) yesterday announced that it has named Larry W. Schwartz to its board of directors. Schwartz has filled the board position vacated by Jim Pluntze, who was recently named CFO.
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Schwarz is currently senior vice-president of operations and chief restructuring officer for Genuity Inc. (genuity.com) He has recently led the planning, structuring and negotiations for the recently completed transaction between Genuity and Level 3 Communications (level3.com). During his tenure at Genuity, Schwartz has also served as a member of its senior management committee and as an officer of the company?s office of technology and corporate development.
Prior to joining Genuity, Schwartz was an equity partner with the law firm Choate Hall & Stewart where he specialized in mergers, acquisitions, buyouts and venture capital transactions involving communications and media companies.
?We are very pleased name Larry Schwartz to our Board of Directors, and we are looking forward to benefiting from his experience, background and integrity," said Andy Ruhan, chairman of Navisite's board of directors.
NaviSite is an Andover, Maryland-based provider of managed hosting and site and facility management services to the enterprise market.
