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President and CEO

Joseph Musacchio

Mr. Musacchio has created a world-class procurement solutions company dedicated to innovation and customer service. Under his leadership, nextSource has developed revolutionary new products and services for the acquisition and management of human capital which offer customers a one-stop-shop for their staffing requirements and related services. Mr. Musacchio's 25 years of experience in the technology, procurement and staffing industry includes expertise in the areas of sales and marketing, business and corporate development, product management, operations and venture capital financing.

Prior to joining nextSource in 1998, Mr. Musacchio spent five years as a Senior Vice President for a major international staffing firm. In this capacity, he was responsible for pioneering the Vendor Management "Procurement Solution" for a leading telecommunications company. This innovative approach to Vendor Management resulted in over $100 million in savings for the customer while resulting in a $700 million increase in revenue for his firm.

Other innovations attributable to Mr. Musacchio's include:

• The "Wheel of Service" featuring first People Auction, a Web-based platform that allows customers to source consultants at significant savings without the risk of co-employment.
• The Multiple Listing Staffing Association, an organization of staffing agencies modeled after the multiple listing service for the real estate industry
• The PeopleTicker, the industry's only real-time compensation tool for contingent labor and direct hires.

Mr. Musacchio holds a B.S. degree from the State University of New York.