Facebook Adds another PayPal Executive to Messenger Team; Mobile Engineering VP to Depart
Facebook has hired Stan Chudnovsky, 44, VP of Growth, Corporate Strategy and Special Operations at PayPal to work on Facebook Messenger, as head of product management for messaging products. Chudnovsky joined PayPal in 2013 when it acquired Iron Pearl, a startup he co-founded that helps websites attract and retain users. He was part of the team that helped plan the PayPal spinoff, expected to be completed late next year.
Cory Ondrejka, Facebook’s VP of mobile engineering, is leaving the company. Ondrejka, who joined Facebook in 2010 after co-founding the game Second Life at Linden Lab, worked on a number of mobile initiatives, including Facebook Home, the company’s mobile operating system for Android that never really took off. He also oversaw mobile engineering during Facebook’s transition to native iOS and Android apps a few years back.
eBay’s New Directors Add Investor, Financial and Media Perspective
eBay appointed Perry Traquina, 79, Frank Yeary, 44, Jonathan Christodoro, 38, and Bonnie Hammer, 64, to its board of directors. Traquina brings a valuable market-oriented investor perspective to eBay’s board, having served as CEO and Chairman of Wellington Management, one of the world’s largest investment management companies, retiring in 2014. He held a series of positions of increasing responsibility, including Assistant VP, Director of Global Research, Partner and President. From 2004-2014, he served as Chairman, CEO and Managing Partner.
Yeary brings extensive experience in corporate governance and M&A strategy. In 2012, he co-founded CamberView Partners, a financial advisory firm, where he is Executive Chairman. He has served as Global Head of M&A for Citigroup Global Markets and Chairman of Salomon Smith Barney’s Global Technology, Media and Telecommunications (TMT) Investment Banking Group. Yeary also serves on Intel’s board. He is Co-founder and former Chairman of Level Money and was Vice Chancellor of the University of California, Berkeley.
The company also announced that it has entered into a standstill agreement with investor Carl Icahn. In addition to certain corporate governance provisions to be adopted by PayPal as an independent company at the time of its spin-off from eBay, the agreement appoints Icahn Capital executive Jonathan Christodoro to eBay’s current board. The agreement with Icahn allows him to determine which board Christodoro will serve on at the time of separation. Christodoro has been MD of Icahn Capital since 2012. He served in various investment and research roles at P2 Capital Partners, Prentice Capital Management and S.A.C Capital Advisors. He began his career as an investment banking analyst at Morgan Stanley. He served in the United States Marine Corps.
Bonnie Hammer, chairman of NBCUniversal Cable Entertainment, brings in a background in consumer and social-media content to the eBay board. Hammer becomes the second woman on the board. She’s joining ahead of the planned spinoff of the company’s PayPal payments unit this year, and decisions about which directors will be placed on which boards after the split will be determined later. Hammer joined USA Network as a Universal Television programming executive in 1989 and has held several top positions at the company, including president of USA Network and Syfy channels. Before that, she developed and produced programs at several other cable and local TV channels.
Yahoo! Appoints Flurry Exec as SVP of Advertising Products
Yahoo! has promoted Flurry executive Prashant Fuloria to head up all advertising products. Fuloria's title is SVP of Advertising Products, a job with oversight of Yahoo's display, native, video and mobile ad products. Fuloria brings more than a decade of experience building advertising platforms at Google, Facebook and, most recently, Flurry, to Yahoo. Fuloria's previous job was chief product officer at Flurry, the company acquired by Yahoo! in 2014.
E*TRADE Appoints Board Member with Investment Banking Experience
E*TRADE Financial appointed James P. Healy to the Company's Board. Healy had a 25-year career in the Investment Banking arm of the Credit Suisse Group, where he served as Global Head of the Fixed Income Division. He is currently the CEO of Capra Ibex Advisors, a registered Investment Advisor he founded. Prior to Credit Suisse, Healy was as an economist at the IMF, served as a consultant to the Organization for Economic Cooperation and Development, and a visiting scholar at the Board of Governors of the Federal Reserve.
Groupon’s Sales and Communications Leaders Step Down
Rajen Ruparell, an entrepreneur who joined Groupon in an acquisition and went on to hold several prominent roles at the deals company including running national sales, has stepped down from his role at the company, to pursue an entrepreneurial venture. Ruparell was most recently the company’s SVP of Global Partnerships, with a focus on running the national sales team. The national sales team will now report to Simon Goodall, who was previously the VP of travel. Ruparell will remain an adviser to the company.
Separately, Groupon communications head Paul Taaffe will be leaving the company in the first half of the year to become CEO of London-based PR firm Huntsworth. Taaffe joined Groupon shortly after its IPO.
Sears Holdings' EVP of Online, Marketing, Pricing and Financial Services Resigns
Imran Jooma, 41, resigned as EVP and President, Online, Marketing, Pricing and Financial Services of Sears Holdings. Jooma joined Sears in 2007 as VP, e-commerce. Before Sears, he held e-commerce roles at Circuit City and OfficeMax.
Top Executive at Adap.tv, AOL’s Biggest Acquisition, Are Leaving
Less than two years ago, AOL made the biggest acquisition of ad tech startup Adap.tv. The most recent departure is co-founder Amir Ashkenazi, who was CEO of Adap.tv up until its sale to AOL in September 2013, and then became president of AOL’s “Platforms” technology group. Adap.tv’s software helps people buy and sell video advertising via an exchange. AOL hasn’t announced a replacement for Ashkenazi.
Snapchat Revenue Boss Resigns after Few Months on Job
Mike Randall, the executive responsible for Snapchat's money-making efforts, has resigned just seven months after joining the company. Randall became Snapchat's VP of business and marketing partnerships in last year. He joined from Facebook, where he was global director of the social network's PMD (Preferred Marketing Developer) program.
Nasty Gal Founder Hands Over CEO Role at Cutting-Edge Online Fashion Retailer
Sophia Amoruso, founder of the Los Angeles-based online fashion retailer and author of a bestselling advice book titled “#GirlBoss”, is stepping down as CEO of the company that she nurtured from a side project on eBay nine years ago into an e-commerce powerhouse.
Sheree Waterson, who has been Nasty Gal’s president, has been named as the new CEO and is also joining the company’s board alongside Amoruso and Index Ventures partner Danny Rimer.
Date Range: December 18th 2014 - January 26th 2015