Pandesic LLC, the Internet commerce company formed last year by Intel Corp. and SAP America, has promoted marketing executive Pete Wolcott to president.

Mr. Wolcott, 45, spent 18 years with Intel before joining Pandesic in September 1997 as director of product management. He became vice president of marketing and sales in March.

"Having helped chart the success of the company, Pete was the perfect candidate," said chairman and chief executive officer Harold Hughes, who previously had been president too.

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