Zaio CEO appoints Kirchmeyer as presidentMortgagePress.comZaio, Douglas Vincent, real estate database, James Kirchmeyer
Douglas Vincent, recently named CEO of Zaio Corporation, a real
estate database and technology provider, announces the appointment
of James A. Kirchmeyer as president of Zaio Corporation. Kirchmeyer
has been with Zaio as result of the acquisition of his company in
June of 2007. He will also serve as a member of the board of
directors.
"Jim is the ideal choice for president of Zaio," commented CEO
Doug Vincent. "We have the compatibility necessary to supply a
solid foundation for our dynamic executive management team. We
share the commitment to align our corporate initiatives and
priorities strategically. Personally, I am energized that, as we
roll out our Zaio products and solutions across the country, we
share an unwavering focus on delivery and execution with a
philosophy of tight fiscal management. We have tremendous
opportunity ahead of us."
Jim Kirchmeyer began his extensive career in the real estate
valuation industry in 1983 as a New York State Certified Appraiser,
earning the SRA designation from the Appraisal Institute. In 1994,
he founded his own real estate appraisal company, Kirchmeyer &
Associates Inc. where his company grew from servicing the Buffalo,
N.Y. area to include multiple offices providing services throughout
the United States.
As a complement to his real estate appraisal company, Kirchmeyer
founded Real Info Inc. in 1995, a real estate valuation and data
company specializing in automated valuation models. Zaio acquired
Kirchmeyer & Associates and Real Info in June of 2007.
A well-known expert in the valuation industry, Kirchmeyer is a
founding member and current chairman of the Collateral Assessment
& Technologies Committee (CATC) associated with the Real Estate
Information Professionals Association (REIPA). He teaches banking
examiners and federal regulators for the FFIEC and brings his
extensive knowledge, expertise and enthusiasm to the Zaio team.
"One of our first objectives as an executive team is to cure
redundancies that resulted from our strategic acquisitions," stated
Kirchmeyer. "Acquisitions made last year were held intact as
insular operations to optimize stability and promote product
delivery. We will continue our review of business strategies and
refine and optimize our go-forward strategy. Increasing value to
shareholders, customers, and zone owners is our primary focus."
In connection with these changes, the company had granted
450,000 share options which have a five-year term and vest over the
next 24 months at an exercise price of $0.46.
For more information, visit www.zaio.com.
