FurnishNet founder Tim Morton leaves
Brian Carroll -- Furniture Today, March 2, 2003
San Diego — Tim Morton, one of the four founders of FurnishNet, has left the company, a subsidiary of GERS since 2001. He resigned to pursue interests in investment banking, the career he left to found FurnishNet in late 1999.
Morton helped launch the business-to-business Internet company with Terry Root, David Hood and Ron Sellers. Root and Hood left the company after a reorganization 21 months ago. Sellers is FurnishNet's vice president of sales.
Morton's last title at FurnishNet was president, but over the past six to nine months, he was involved exclusively in sales and business development. Though it isn't exactly replacing him, FurnishNet is interviewing candidates for a sales position, which it hopes to have filled by the April market in High Point.
FurnishNet uses the Internet to link retailers and manufacturers for electronic transmission and delivery of transaction-related documentation. The company reports more than $1.6 billion in purchase-order volume to date among approximately 350 companies.
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