Phillip C. Burnett, currently chief executive officer of the National Cotton Council, has been named president and CEO of The Seam [www.theseam.com], the cotton industry’s business-to-business online exchange. The company, which launched last November and executed its first trade less than two months ago, has since traded more than 100,000 bales online, according to a company statement. The Seam’s future plans include offering international trading, financial and risk management services, input sales and logistical services.—Louis Chunovic