The Worldwide Retail Exchange (WWRE), a retail e-marketplace, announced today the appointment of Colin Dyer as its CEO, effective September 1.

Mr Dyer joins WWRE from Courtaulds Textiles plc, where he served most recently as the company's chief executive. Courtaulds Textiles is an international clothing and fabric company operating in 17 countries and employing more than 20,000 people.

In his new role, Mr Dyer will oversee the development of the WWRE's collaborative e-commerce platform and build and sustain the organisation's commercial and operating structure. In his capacity as chief executive, Mr Dyer will also serve on the board of directors.

"Colin brings an ideal mix of strategic and operational credentials for leading the WWRE," said David B Rickard, chairman of the operating committee of the WWRE and executive vice president and chief financial officer of CVS/pharmacy (NYSE:CVS). "He has proven international management expertise, extensive experience in managing global supply chain challenges and a clear vision of the role technology will play in transforming retailing for the benefit of retailers, suppliers and ultimately consumers."

Gary Michael, chairman and chief executive officer of Albertson's (NYSE: ABS), said Dyer, in his leadership role at Courtaulds, demonstrated an ability to make smart decisions and implement them quickly.

David Norgrove, chairman, Marks & Spencer Ventures (LSE: MKS) said Dyer proved particularly adept at focusing an organisation on the needs of its customers. "Under Colin's leadership, Courtaulds built a strong, productive and mutually beneficial relationship with Marks & Spencer. The member companies of the Exchange can look forward to the benefits his sharp focus on customer needs will generate for them."

Appointed chief executive of Courtaulds in 1996, Dyer led a broad reorganisation programme, lowering the cost base of the business, and a series of strategic acquisitions for the company. Sara Lee Corp bought Courtaulds in April 2000.

Dyer joined Courtaulds in 1982 as managing director of retail chains and from 1987, he served as division director for private-label products. In 1990 he was promoted to the board of Courtaulds Textiles and was a divisional director responsible for clothing business.

About WWRE
WWRE is a web-based business-to-business exchange designed to facilitate and simplify trading between retailers and more than 100,000 suppliers, partners and distributors. Consisting of leading retailers from Africa, Asia, Europe and the USA, the WWRE is open to all suppliers and retailers who wish to use it. The WWRE currently includes members who have combined sales of more than $537bn. Its members include Gap Inc (US), J.C. Penney (US), Marks & Spencer (UK) and Seibu Department Stores (Japan).