Former Clinton Exec Join To Head Procurement Vendor - InformationWeek

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Former Clinton Exec Join To Head Procurement Vendor

How hot is E-commerce? Even Bill Clinton's former chief ofstaff is jumping on the bandwagon. Erskine Bowles, former White House chief of staff and cabinet member, Wednesday was named chairman of Intelisys Electronic Commerce LLC, a provider of Web-based procurement technology that's half owned by Chase Manhattan Bank.

Bowles is general partner of Forstmann Little & Co., a New York investment firm that bought a one-third voting interest in Intelisys for $65 million in October. Bowles, who left the White House in November 1998, said he intends to take "a very active role" as chairman.

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