BevAccess's Kneale Ashwell has announced his retirement as chairman and CEO of the company, effective February 1, 2001.

Ashwell also announced that his successor as chairman and CEO will be Mark Sanders, the company's current president and COO.

Ashwell said: "I look forward to working in an advisory capacity with Mark and the executive team at BevAccess to ensure continued standout performance and a seamless transition."

Sanders, who joined the company 12 months ago, said: "The success of BevAccess is due in great part to Kneale's skilled management and his ability to bring out the best in talented people. Under Kneale's direction, BevAccess has become the leading global beverage alcohol business to business exchange."

He continued: "We are excited about the implementation of our strategic plan. The Board and entire executive team are strongly committed to executing that plan under my leadership and to delivering quality benefits to our industry partners for the long term."

Sanders is currently the president of the Wall Street Technology Association (WSTA), a non-profit organisation that acts as a technology knowledge broker.

Sarah Diston