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Fourth Fleet Financial Expands Management Team

September 7, 2004

SAN MATEO, Calif. -– Fourth Fleet Financial has added three key executives to its management team.

Doug Galen has joined Fourth Fleet as its president. Previously, Galen worked for eBay as its vice president of new ventures. In this role, he identified and launched new business categories, similar to eBay Motors. Prior to eBay, Galen was senior vice president of sales and business development for E-LOAN Inc., an online home and auto lender.

John Orta joins Fourth Fleet as its vice president of product development. Previously, Orta served as the director of business development and associate counsel for E-LOAN. Prior to E-LOAN, Orta was the director of business development at iMotors.

Edan Kabatchnik is Fourth Fleet's new vice president of technology. Kabatchnik has much experience building scalable, high-touch customer support solutions for Oracle and many other Silicon Valley, Calif., companies. He left his position as lead software developer for Oracle to found his own software infrastructure company, Eventus Software. He then joined RelayHealth Corporation as its senior vice president of product development. He was eventually promoted to chief operating officer.

Fourth Fleet Financial also just received a cash infusion from El Dorado Ventures.

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