MaterialsXchange names new COO
MaterialsXchange (MX), the Chicago-based B2B eCommerce platform for lumber and wood products, has added Steve Sladoje to their executive team as its chief operating officer.
Sladoje has more than 30 years of experience in exchange commodity trading platforms.
He began his career as a trader and comes to MX after 10 years at NASDAQ where he was the COO of Nasdaq OMX Commodities Clearing Company, a startup he had co-founded that was then purchased by Nasdaq. He most recently served as COO of Nasdaq Futures Inc (NFX).
“I see MaterialsXchange as a huge opportunity,” Sladoje said. “While the Xchange is currently focused on lumber, there are other commodity verticals behind it, so I see continued potential down many roads for us.”
“We have a very strong team with great knowledge of lumber,” said Sladoje. “I am eager to be a part of transforming an industry stuck in antiquated ways. Once comprehending and embracing the benefits of our digital market, there’s no turning back.”
The COO says that he sees some challenges in a digital transformation for building materials but is encouraged as he witnesses the steady flow of new MX users realizing the benefits and ease of eCommerce.
“Steve brings with him the trifecta of admirable merits: a trader who knows risk management, an entrepreneur who understands the grit and perseverance needed for success, and operational experience at the corporate level with the knowhow to manage a team,” said Mike Wisnefski, CEO and co-founder of MX. “Steve’s aptitude is a feather in our cap.”
The MX platform supplies real-time product pricing with equal access for all users. Transactions occur with the click of a button, money is transferred quickly and securely, and both car and rail are MX shipping options.