Management Reshuffle at Digital River - Analyst Blog
14 Luglio 2011 - 6:45PM
Zacks
E-commerce solutions
provider Digital River, Inc.
(DRIV) recently appointed
Stefan Schulz as its Chief Financial Officer
(CFO).
Schulz will take over
this responsibility from Tom Donnelly, who became the President of
Digital River in March 2011.
Donnelly joined
Digital River in 2005 as
its treasurer and vice president of finance and became the CFO four
months later. Over the past year, Donnelly has been managing the
company’s delivery and IT organizations.
Meanwhile, Schulz was serving as the CFO
of Lawson Software, which was most recently acquired by GGC
Software Holdings, Inc., an affiliate of Golden Gate Capital and
Infor. Schulz was the CFO at Lawson since January 2010 after
joining the company in October 2005. Schulz
previously
held the positions of Senior Vice President of Finance and
Principal Accounting Officer as well as Senior Vice President and
Global Controller at Lawson Software,
Inc.
Prior to Lawson, Schulz served as
corporate controller and vice president of revenue operations at
BMC Software, Inc., (BMC) and worked in the audit and business
advisory practice at Arthur Andersen LLP.
Earlier, Digital signed an
e-commerce agreement with Panasonic
(PC), a leader in connected TV entertainment.
Under the terms of the agreement, Digital River will be managing e-commerce
transactions for Panasonic’s VIERA Connect
Market.
Management
at Digital River
stated
that this deployment represents the convergence of software and
other digital content, games and consumer technology products – all
areas of core competence for Digital
River.
DIGITAL RIVER (DRIV): Free Stock Analysis Report
PANASONIC CORP (PC): Free Stock Analysis Report
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