Jordan becomes CEO of FedBid

Continuing to move up in the business world, Joe Jordan has taken the reins as FebBid’s new chief executive officer, the company announced today.

Jordan became CEO Jan. 1.

The company said since Jordan became the reverse-auctioneering firm’s public sector president in 2014, its customers estimated that purchases through FedBid’s marketplace helped to achieve more than $100 million in price reductions that year.

Jordan moved at FedBid after leaving the Office of Management and Budget and his role as administrator of federal procurement policy. Jordan was administrator from 2012 to January 2014. Before then, he was the Small Business Administration’s associate administrator for government contracting and business development. He also worked in the private sector prior to joining the federal ranks.

“Joe’s track record of success positions him perfectly for the role of CEO, guiding the company through the next phase of growth as it continues to transform the procurement process for government and business, saving taxpayers millions in the process,” said Ted Leonsis, vice chairman of FedBid’s Board of Directors and co-founder of Revolution Growth.

FedBid provides a full-service, online, reverse-auction marketplace to buy commodity goods and services, successfully increasing competition, and savings. Its achievements also include leveling the playing field for small businesses to win government contracts.

“We have increased dynamic competition in government purchasing, and have empowered small businesses, including thousands of veteran-, women- and minority-owned firms, to successfully compete for government contracts,” Jordan said. “At the same time, we have helped government agencies purchase quality goods and services more efficiently, while also saving the taxpayers hundreds of millions of dollars.”