Kevin W. English, chairman, CEO and president of Covisint, the global independent ebusiness exchange for the automotive industry, announced June 28 his resignation from the company. Harold R. Kutner, former group vice president, Worldwide Purchasing, General Motors Corporation, was named chairman and CEO, succeeding English. Bruce Swift, former vice president of purchasing for Ford of Europe, joins Covisint as president and COO.

"In the past year, Covisint has grown from a sound idea to a solid business with a bright future," said Mr. English. "With the company near profitability, my goals are accomplished. I leave Covisint on solid footing and poised for profitability in the 4th quarter of this year.

"Harold Kutner is a remarkable executive with a long history of accomplishment in the automotive industry, the least of which is his standing as one of the visionaries behind the creation of Covisint," he said. "Bruce Swift is a well-respected, operations-focused executive who will add incredible value to the management of Covisint."

"Kevin has done a great job. He has stabilized the company and prepared it for continued growth," said Harold Kutner, the company's new leader. "I am anxious to lead the talented executive team Kevin built, and look forward to helping the company grow as it increases its influence in the global automotive industry.

"All of us at Covisint are appreciative of Kevin's leadership, his accomplishments, and his sincere concern for the company and its employees," he said. "We wish him well in his future endeavors, and look forward to his continued support of Covisint."

About Covisint

Covisint is the technology company who claim their business-to-business products and services connect and enable the global automotive industry to reduce costs, increase efficiency, enhance quality and improve time-to-market. Covisint was founded by DaimlerChrysler, Ford, General Motors, Nissan, Renault, Commerce One and Oracle. Since its inception, PSA Peugeot Citroen has also joined the initiative. Covisint has headquarters in Amsterdam, Tokyo and Southfield, Michigan and offices in Frankfurt, Paris and Brazil. For more information about Covisint, visit www.covisint.com.