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8-K - FORM 8-K - DIGITAL RIVER INC /DE | c63608e8vk.htm |
EX-99.4 - EX-99.4 - DIGITAL RIVER INC /DE | c63608exv99w4.htm |
EX-99.2 - EX-99.2 - DIGITAL RIVER INC /DE | c63608exv99w2.htm |
EX-99.3 - EX-99.3 - DIGITAL RIVER INC /DE | c63608exv99w3.htm |
Exhibit 99.1
FOR IMMEDIATE RELEASE
Investor Relations Contact:
|
Media Relations Contact: | |
Ed Merritt
|
Gerri Dyrek | |
Vice President, Investor Relations
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Group Vice President, Corporate Communications | |
investorrelations@digitalriver.com
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gdyrek@digitalriver.com | |
+1 952-540-3362
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+1 952-253-1234, ext. 38396 |
Digital River Appoints CFO Tom Donnelly as President
MINNEAPOLIS March 18, 2011 Digital River, Inc. (NASDAQ: DRIV), a leading provider of global
e-commerce solutions, announced the appointment of CFO, Tom Donnelly, to the position of President.
As President of Digital River, Donnelly is charged with leading the global e-marketing, sales and
client delivery organizations for the companys core enterprise commerce businesses, including
software, consumer electronics and games.
Toms contributions have been integral to Digital Rivers performance over the past six years,
said Joel Ronning, Digital Rivers CEO. Tom is an exceptional leader with deep knowledge of our
business and solid relationships with our clients, employees and shareholders. His appointment to
President is part of a natural progression and important step in our plan to accelerate growth,
drive quality and expand our global footprint.
Donnelly joined Digital River in 2005 as the companys treasurer and vice president of finance.
Four months later, he was promoted to CFO with responsibility for worldwide finance, human
resources, investor relations and legal matters. Over the past year, Donnelly has been managing the
companys delivery and IT organizations. He has been a vital part of Digital Rivers leadership
team and has worked closely with senior executives and the board of directors to set the companys
strategic direction.
Digital River has established itself as a leader in global e-commerce with a strong history of
growth and world class portfolio of clients across multiple markets, said Tom Donnelly. I am
looking forward to playing an even larger role in working with our clients and expanding our
business on a worldwide basis.
Donnelly will continue in his current role as CFO until a new CFO is appointed. Donnelly has more
than 25 years of finance and operations experience, primarily in the high technology industry.
Prior to joining Digital River, Donnelly served as the CFO and COO of Net Perceptions, Inc. and in
senior operating or transaction-related positions at several technology corporations.
About Digital River, Inc.
Digital River, Inc., a leading provider of global e-commerce solutions, builds and manages online
businesses for software and game publishers, consumer electronics manufacturers, distributors,
online retailers and affiliates. Its multi-channel e-commerce solution, which supports both direct
and indirect sales, is designed to help companies of all sizes maximize online revenues as well as
reduce the costs and risks of running an e-commerce operation. The companys comprehensive platform
offers site development and hosting, order management, fraud management, export controls, tax
management, physical and digital product fulfillment, multi-lingual customer service, advanced
reporting and strategic marketing services.
Founded in 1994, Digital River is headquartered in Minneapolis with offices across the U.S., Asia,
Europe and South America. For more details about Digital River, visit the corporate
website, follow the company on Twitter or call +1 952-253-1234.
Digital River is a registered trademark of Digital River, Inc. All other company and product names
are trademarks, registrations or copyrights of their respective owners.
Twitter Tags: #ecommerce, #DigitalRiverInc
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