Alibaba Names New CEO
Alibaba Group selected Jonathan Lu Zhaoxi, 43, to replace its co-founder and CEO Jack Ma. Ma, 48, will remain executive chairman, and will be involved in the Chinese Internet e-commerce giant’s business strategy and management development.
Lu has been at Alibaba for more than a dozen years, leading major divisions of the company, including its massive and important Taobao unit. He is currently Alibaba’s chief data officer and president of Aliyun Mobile OS.
Yahoo! Engineer Promoted to Run Search; Mail Head Leaves
Yahoo’s SVP of engineering operations Laurence "Laurie" Mann has been picked to head the company's search efforts. Mann has been at Yahoo since 2002 and was involved in the original search deal with Microsoft.
Yahoo Mail Head Vivek Sharma has left the company. He has been at the Silicon Valley Internet giant since 2009 and has worked in a number of areas, including commerce and search. Earlier he has been Associate Partner at McKinsey and Sales Manager at Aditya Birla Group.
Groupon Appoints Chair and Vice-Chair to the Newly Created Office of the CEO
Groupon announced a leadership change in which Executive Chairman Eric Lefkofsky, 43, and Vice Chairman Ted Leonsis, 57, have been appointed to the newly created Office of the CEO, replacing Andrew Mason, 32. Lefkofsky and Leonsis will serve in this role on an interim basis. The Board has commenced a search for a new CEO.
Lefkofsky is a co-founder of the Company and has served as the Company’s Executive Chairman since its inception. He is a co-founder of Echo Global Logistics, InnerWorkings, Lightbank, and MediaBank. He is an Adjunct Professor at the University Of Chicago Booth School Of Business.
Leonsis has served on the Company’s Board since 2009 and as Vice Chairman since 2011. Since 1999, he has served as the Chairman and CEO of Monumental Sports & Entertainment, a sports and entertainment company. He held a number of other executive positions with AOL from 1994 to 2006, most recently as Vice Chairman and President, AOL Audience Business. He co-founded Revolution Growth Fund II, a private investment firm, and has served as a partner of the fund since that time.
Andrew Mason is a co-founder of the Company. In 2007, he co-founded ThePoint, a web platform that enables users to promote collective action to support social, educational and civic causes, from which Groupon evolved. Prior to co-founding ThePoint, he worked as a computer programmer with InnerWorkings.
E*TRADE to Name New Chairman
E*TRADE named appoint Rodger A. Lawson, 66, as Chairman to replace Frank J. Petrilli, 61. Mr. Lawson, who was appointed to the E*TRADE Board of Directors in 2012, brings over 30 years of experience in the financial services industry, having most recently served as President of Fidelity Investments. Mr. Lawson also served as Lead Independent Director, during which time Mr. Petrilli was Chairman and Interim CEO of the Company. Prior to joining Fidelity, he served in several senior executive roles with Prudential Financial, including Vice Chairman. He has held numerous other executive positions in financial services, including President and CEO of Van Eck Global, and Managing Director and Partner of Bankers Trust Company and CEO of the Private Bank and Global Mutual Funds. Previously, he was President and CEO of Fidelity Investments Retail Group, and CEO of the Dreyfus Service Corporation.
Petrilli, who has served as Chairman since 2012 and also as Interim CEO of the Company from 2012 through January 2013, advised the Board that he does not wish to stand for re-election.
AOL COO Steps down; Company Names BU Head
AOL COO Artie Minson is stepping down. As COO, he was responsible for overseeing AOL’s three business operating units: The AOL Membership Group, which houses the businesses that serve AOL account holders – free and paid, The Brand Group which houses AOL’s portfolio of distinct and unique content and service brands, and AOL Networks – housing AOL’s B2B services and network businesses. Previously Artie served as EVP, CFO and President of AOL Services since 2011. His previous roles in AOL include - Chief Financial and Administrative Officer; and EVP, CFO and Treasurer. Prior to that, he served as EVP and Deputy CFO at Time Warner Cable, and at senior finance positions at Rainbow Media Holdings and Time Warner.
Susan Lyne, Vice Chairman of Gilt and AOL board member, has been appointed to run AOL's portfolio of brands that serve over 100 million consumers globally. Lyne will oversee all aspects of the Brand Group's growth strategy, including increasing traffic across properties, maximizing partnerships with advertisers and publishers, and attracting top talent, with a particular focus on content, design, programming, and product. Lyne recently transitioned from her role as Chairman of Gilt to become Vice Chairman. She will continue in that role. In addition to her roles at Gilt and Martha Stewart Living Omnimedia, Lyne brings a decade of experience in the television industry, including serving as President of ABC Entertainment.
VeriFone Systems Announces Board and Leadership Changes
Douglas G. Bergeron, 51, is stepping down as CEO and member of the Board of e-payment solutions firm VeriFone Systems. VeriFone's Chairman, Richard McGinn, 66, has been named Interim CEO and continues as a member of the Board; Dr. Leslie Denend, 71, a director of VeriFone since 2005, has been named Interim Chairman. The Board also announced that it formed a search committee to evaluate candidates to serve as the Company's CEO and will be engaging a leading executive search firm to assist in the process. The search committee will be headed by Alex W. (Pete) Hart, who has served as a VeriFone director since 2006.
Dr. Denend was President of Network Associates, President and CEO of Network General Corporation and Chairman, President and CEO of Vitalink Communications until its acquisition by Network Systems. He was EVP at 3Com and a partner in McKinsey and Company.
McGinn has served as a director since 2008. He is a Senior Advisor at RRE Ventures, an investment advisory and venture capital firm, and a general partner with MR Investment Partners, an investment advisory private equity firm. He served as the CEO of Lucent Technologies, and at which he was President and COO too. Prior to Lucent, he served in various executive level positions at AT&T, like CEO of AT&T Network Systems.
Bergeron has served as CEO and a director of VeriFone Systems since its formation in 2002 and of VeriFone since 2001. Before that, he was Group President of Gores Technology Group and, President and CEO of Geac Computer Corporation. He served in a variety of executive management positions at SunGard Data Systems, including Group CEO of SunGard Brokerage Systems Group and President of SunGard Futures Systems.
Orbitz Worldwide Hires Finance Head from Delta Air Lines
Global online travel company Orbitz Worldwide named Mike Randolfi, 40, as the company's CFO. Mike joins Orbitz Worldwide from Delta Air Lines, where he currently serves as SVP and controller. Mike will have global responsibility for accounting, financial planning and analysis, investor relations, tax, procurement, internal audit and treasury. David Belmont, who has served as interim CFO, will return to his position as group VP, financial planning and analysis. In the course of his 14-year career at Delta, Mike also held executive positions in financial planning, financial analysis and treasury, as well as accounting and finance assignments, and served in a CFO-equivalent role at the divisional level.
Overstock.com Sees Several Changes in Management Structure
Online retailer Overstock.com’s CEO and Chairman Dr. Patrick Byrne will be taking a personal leave of absence for medical reasons. Overstock.com President Jonathan Johnson will serve as Acting CEO during Dr. Byrne's leave of absence. Dr. Byrne will remain Chairman of the Board.
Johnson has been with the company for over ten years, and has served as President since 2008. He also serves as corporate secretary. Prior to becoming President, he served in various roles including SVP and General Counsel.
The company appointed two co-presidents, Stormy Simon and David Nielsen. A longtime officer and director of the company, Simon previously served as SVP in charge of customer and partner care. As co-president, Simon will retain those responsibilities, and will add oversight of warehouse logistics, press relations, social media, and strategic marketing. Simon started with Overstock.com in 2001 and has held various marketing positions within the company. Simon previously managed the company's marketing program from late 2008 to early 2011.
Nielsen, with Overstock.com since 2009, and most recently as SVP of merchandising and supply chain, will retain those responsibilities and will add oversight of the additional areas of international sales, talent management, and information technology.
Robert Hughes has been promoted to SVP of finance and risk management. Hughes joined Overstock.com in 2008 and most recently served as VP of finance and accounting. Hughes will replace outgoing SVP of finance and risk management, Stephen Chesnut.
Saum Noursalehi has become SVP of marketing, a position formerly held by Timothy Dilworth who will be leaving the company. Noursalehi has served most recently as vice president of OLabs, an innovative research and development group within the company and previously worked with the Overstock.com marketing department.
PITOOEY! Appoints Chief Digital Officer and Subsidiary Head
Internet marketing company PITOOEY! formed new subsidiary Rockstar Digital. Rob Swope , the newest addition to the team, joins the Company as President of Rockstar Digital and the Chief Digital Officer (CDO) of the PITOOEY!. He has served as a Communications Manager with Mobile Roadie, now one of the largest mobile app platforms. Rob managed partnerships, marketing and clients relations on projects with Taylor Swift , the Miami Dolphins, CMJ Music Marathon and Mipcom, just to name a few. Shortly after, he created a freelancing collective called Rockstar Digital, simultaneously forming an official app partnership with Mobile Roadie. Since then, he and his team have focused on building, managing and marketing in the digital space.
eCommerce Firm DubLi Strengthens Senior Management Team with New Appointment
DubLi has appointed Eric Nelson to CFO, Ricardo "Rick" Daglio to CTO and Thomas Sikora to Chief Product Officer. Having served as a consultant to DubLi since 2012, Nelson joins DubLi as CFO, following an extensive career as a financial expert. He is a partner with the Southern Florida practice of The SCA Group, a premier solution provider for board advisory and consulting services. He has served as Acquisition Advisor for The Legacy Companies and in 2009 through 2012, Turnaround Specialist for Promise Healthcare and Success Healthcare, CFO/Turnaround Specialist for public company QSGI and CEO/Restructuring Officer for Gibraltar Metals, partner, turnaround professional and on the board to six portfolio companies in PE firm Sun Capital Partners, controller and then CFO for West Marine, CFO in manufacturer Dental Components, and held several financial and operational positions at May Department Stores.
Rick Daglio joined DubLi in 2011 as Director of IT and Business Continuity where he has been responsible for managing all IT related functions as well as establishing an IT governance process that meets SEC, government and financial regulations. Prior to joining DubLi, from 1995-2004, Mr. Daglio advised Fortune 500 companies worldwide in infrastructure development projects, and assumed a key role at Microsoft's Consulting Services division, which was that of a direct advisor for the CIOs of those companies. He left Microsoft in 2004 to become VP and CIO of Quest Management, a behavioural health company in North Central Florida.
Thomas Sikora joined DubLi in 2012 as Product Manager for DubLi.com. He is the founder and CEO of NetZone Media, a German consulting firm specializing in E-Commerce, Online Marketing, Development and Operation of Internet Portals, Online Stores and Professional Websites, Search Engine Marketing and SEO. He was an Independent Management and Marketing Consultant providing Interim Management support to his clients. He was CEO of Costa24 Estates, and held positions of increasing responsibility with Siko Containerhandel, most recently as CEO of Siko Polska, the Company's Polish division and the parent company, Siko Containerhandel, Hamburg.
TheStreet Hires a New CFO
Digital financial media company TheStreet named John C. Ferrara, 61, as its new CFO. Prior to joining the Company, he served as COO of Invmetrics Holdings. He was CFO of EDGAR Online and Interim CFO at GAMCO Investors. He served as an independent adviser and consultant to technology companies.
Former Yahoo! Exec Joins Mimvi to Lead BD
Mimvi, the search and recommendation engine for mobile web sites and native mobile applications, named Ben Padnos as Head of Business Development. Ben provides Mimvi with nearly 20 years of technology business development, strategy, marketing and sales leadership. He has since founded and co-founded several companies, including Better, a technology-enabled services provider in the Search Engine Marketing industry. Better was subsequently acquired by Tsavo Media, a spin-off of American Capital portfolio company, Moxy Media. He joined the sales organization at Yahoo! in 1997, when the Company had fewer than 200 employees. He started his career as a Co-Founder of FANSonly, which is now owned by CBS Sports.
Former Wired Digital Editor Heads to Obvious Corp
Former Wired.com editor-in-chief Evan Hansen has joined the Obvious Corporation to work on editorial content, as a senior editor. Hansen will work specifically on Medium, which aims to re-think blogging and content platforms. Hansen was editor in chief at Wired.com for more than seven years, and previously was a section editor at CNET news.
Path Hires CFO and Privacy Expert
Path, the mobile-focused social network, hired Kim Jabal, formerly of camera maker Lytro, as its CFO, and Anne Toth, a former chief privacy officer at Yahoo and Google, as a consultant.
Before joining Lytro, Kim provided financial oversight for the majority of Google’s $4 billion R&D expense and helped to build the financial planning and analysis team at Google from fewer than a dozen to hundreds of professionals worldwide.
Anne Toth is Head of Privacy at Google+. She has served on the board of directors of the Network Advertising Initiative (NAI) and the Family Online Safety Institute (FOSI). She also participated on the Future of Privacy Forum Advisory Board. Before joining Google she was chief trust officer at Yahoo!
Former Weinstein Company Exec Joins Digital Media Company as CFO
Specific Media, the online advertising firm which now owns Myspace, has named entertainment industry executive Larry Madden as its CFO. Madden was most recently CFO of SFX Entertainment and with Simon Fuller as CFO of both 19 Entertainment and XIX Entertainment. Larry also served as EVP and CFO of the Weinstein Company, a full service movie and TV production company where he was instrumental in helping the company raise nearly $2 billion of capital. Prior to the Weinstein Company, Larry spent over 10 years as a finance executive and CFO of several media companies in the public and private sectors, including Loudeye, EMAK Worldwide, Atomic Pop, Def Jam Recordings, and PolyGram International.
Cheezburger's Chief Revenue Officer Departs For Zemanta
Todd Sawicki, the former Chief Revenue Officer at Cheezburger, has moved on to blog monetization startup Zemanta as President. Sawicki has over 15 years of experience with online startups, media companies, and specializes in online advertising, monetization, and user acquisition. Prior to joining Cheezburger, Todd was VP of Marketing at Lookery, a web-based ad company.
International Payments Expert takes up CEO Role at GFG Group
Global, electronic payments solutions and services company, GFG Group, has appointed Andreas Kazamias, a former client CIO, to the position of CEO. Originally from Australia, Kazamias is currently CIO for online foreign exchange trading group Easy Forex, based at the company’s headquarters in Cyprus. Kazamias has spent nearly thirty years in senior or leadership roles in the financial services industry at companies in Australia, across Europe and in the UK, including First Data, FBME, ACI, Commonwealth Bank of Australia, Pulse International, St George Bank, National Bank of Greece, Hellenic Bank, JCC Payment Systems, and Cashcard. Kazamias has a long association with GFG Group, beginning when he selected GFG Group’s card system while CEO of FBME in Cyprus.
Airbnb Hires Former Facebooker as its New VP of Engineering
To help scale that team, Airbnb has hired former Facebooker Mike Curtis as its new VP of engineering. Curtis used to be director of engineering at Facebook, where he was part of the company’s growth team, trying to get everyone in the world on the social network. As part of that team, he was there for Facebook eclipsing the 1 billion user threshold. Prior to Facebook, Curtis led engineering for Yahoo’s Mail and Messenger teams, including overseeing a massive redesign of Yahoo Mail in 2010. He was also there for the release of Yahoo’s Mail API a year earlier.
Twitter Brings Changes to Senior Management Ranks
Twitter has appointed Adam Messinger as the company’s Chief Technical Officer. Messinger joined Twitter in 2011 as VP of application development in the engineering department, where he has been responsible for making key decisions regarding app design and experience, user growth, and search and relevance issues, among other duties. Previous to this, he spent close to four years at Oracle as VP of development. Chris Fry who is VP of infrastructure —will now become SVP of overall engineering. Fry previously worked at Salesforce, where he led all product development and dealt with scaling up infrastructure in periods of hyper-growth. Michael Sippey is now VP of Product and Design. Previously, Sippey was VP of product.
Hulu Names iCEO to Replace Outgoing CEO
Hulu will appoint Andy Forssell as acting CEO of the company, when current CEO Jason Kilar leaves. Andy Forssell is SVP of content for Hulu where he leads all strategy and operations for the content businesses. Andy brought to Hulu more than a decade of experience at Siebel and Oracle where he served in a number of leadership roles including product development, customer care, datacenter operations and supplier management for their hosted CRM software-as-a-service businesses. Andy's career began in the US Army where he served in the Armored Cavalry and achieved the rank of Captain.
ValueClick Names CMO
ValueClick has named Scott G. Eagle as its new CMO. In the CMO role, he will lead the Company's global marketing function, including strategy and the integration of marketing programs across ValueClick's business lines. An accomplished senior executive with a strong background in client-side digital marketing and consumer brand management, he has over twenty years of experience as a marketing leader. He has served as CMO for Empowered Careers, eHarmony and Claria, and he has held management positions at Concentric Network, MFS Communications and P&G.
Date Range: February 11 - March 14