CoVest Announces Leadership Transition

By: CovestAdmin
January 9, 2024
As a testament to our continuous growth and future development, we are pleased to announce updates to our executive leadership team.

John Andrica, Co-Founder, is assuming the role of Executive Chairman and continuing to oversee strategic development of the company.

Dan Anzevino, Co-Founder,  is stepping into the role of Chief Executive Officer, spearheading the corporate strategy and driving further expansion of our geographic categories, as well as facilitating sales growth across North America and Europe.

Andy Matyas is serving as Chief Operating Officer, driving the advancement of the company’s analytics, technology and operations. The ascension to COO follows an 11 year career at CoVest building the company’s analytics program and developing CoVest’s MRO Platform.

Founded in 2010 by John Andrica, Dan Anzevino and Tom O’Neill (now retired), the company has evolved into the premier group purchasing organization for Fortune 500 and 1000 companies. With a focus on production-based industries, CoVest provides deep analytics and lasting indirect spend management programs that drive savings and compliance at no cost to its global Members. CoVest utilizes the aggregate spending power of its Members to create leveraged agreements with industry leading suppliers across a vast array of indirect categories, including MRO, facilities services, office, travel, HR and logistics.

“Not all leverage is created equal,” says Andrica. “We have focused on serving large, global manufacturing companies. In doing so, we have provided the scale and resources to drive continuous value for these organizations. We take pride in building direct supplier relationships to provide best-in-class contracts and services to our Members,” says Andrica. As a result, the company has significantly expanded its overall membership, category offering, analytical services, internal operations and geographic footprint.

In 2021, CoVest expanded its operations in London, UK, to serve its Members in the European market. CoVest’s now provides indirect category management services to Members in 20 different countries. In addition, the company has strategically added facilities services and logistics category management services to its portfolio. 

“We have made changes to augment our analytics and reporting capabilities, develop our category offering, form strategic partnerships and reinvest in our team. We are excited to be serving more than 100 global Member companies and are poised for significant growth,” says Anzevino.

To support these efforts, the company is maximizing technology and AI, increasing market intelligence, and expanding reporting tools.

“We help resource-strapped procurement teams solve their complex MRO and facilities management challenges. These advancements in our database architecture, along with trend and market analyses, will have a substantial positive impact for both our Members and the marketplace,” says Matyas. 

 

About CoVest

CoVest Sourcing Network is a Group Purchasing Organization focused on large corporations, founded on partnership, transparency, and providing value-added services. We enable members to realize significant cost savings through the utilization of our supplier agreements that drive down costs for indirect categories by leveraging the collective purchasing power of member companies. CoVest provides best-in-class pricing to our members through these negotiated supplier agreements.

To learn more about services and categories offered by CoVest, please visit. www.covest.com

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