WASHINGTON - William M. Fenimore Jr., the former chief executive officer of Integrion Financial Network, has joined the board of Pedestal Inc., a provider of Internet trading software for the secondary mortgage marketplace.
Mr. Fenimore, 56, resigned from Integrion last December. Since then the Internet banking consortium has announced it is disbanding.
Before working at Integrion, Mr. Fenimore was group executive vice president, chief technology officer, and strategic planning officer for Meridian Bancorp. He is also on the Future Technologies Venture Fund's board of advisers.
Philip Wood, 45, managing director of business development for Reuters Trading Solutions, has also joined Pedestal's board. Reuters recently made a $35 million investment in Pedestal as part of a $45 million round of funding. The two firms have also entered a global marketing and product development agreement.
Pedestal has more than 1,800 users at about 1,000 institutions.