Rightside Gets Two New Directors
According to a press release issued by Rightside this morning, the company has added two people to its Board of Directors. Diane Irvine, former Chief Executive Officer and President of Blue Nile is one new member of the board, and Shawn Colo, co-founder of Demand Media, has also been added to the company’s Board of Directors. You can read more background information about these people in the press release below.
Although I don’t believe these two people will be involved in day to day business decisions, these people seem like they are well qualified to help with the company’s management. Since it’s debut on the Nasdaq stock market as an independent company, Rightside stock has traded lower. As of the time of publication of this article, Rightside stock (symbol: NAME) is trading at $11.92. The 52 week high is $17.00 and the low is $11.11.
Here’s the entire press release with the news.
KIRKLAND, Wash., Aug. 28, 2014 (GLOBE NEWSWIRE) — Rightside Group, Ltd. (NAME), a leading provider of domain name services that advance the way businesses and consumers define and present themselves online, today announced the appointment of Diane Irvine and Shawn Colo to its Board of Directors.
“Diane has directly relevant executive and board-level experience with public companies that are leaders in ecommerce and online marketing,” said Taryn Naidu, Chief Executive Officer of Rightside. “I have worked with Shawn for more than eight years, and he brings critical experience in evaluating strategies and opportunities for growth in the domain name industry. Both new members will be great assets to me and to our board.”
David E. Panos, Chairman of the Rightside Board of Directors, commented, “We are pleased that Diane and Shawn are joining our board. Their knowledge and experience will complement that of our current directors. Both bring substantial financial expertise and general management experience to Rightside, and they are well-suited for a company focused on growth. Our board and management team look forward to their leadership and involvement.”
Ms. Irvine served in several senior roles with Blue Nile, Inc., an online retailer of diamonds and fine jewelry, from 1999 to 2011, most recently as Chief Executive Officer, as well as Chief Financial Officer and President. She also served on the company’s board of directors. Prior to joining Blue Nile, she served as Chief Financial Officer of Plum Creek Timber Company, Inc., a timberland management and wood products company. Ms. Irvine currently serves on the boards of directors of Yelp Inc. and CafePress Inc., and formerly served on the boards of Ticketmaster Entertainment, Inc. and Davidson Companies. She holds a B.S. in Accounting from Illinois State University and an M.S. in Taxation from Golden Gate University.
Mr. Colo co-founded Demand Media in April 2006 and currently serves as its President following his roles as Interim Chief Executive Officer and Executive Vice President, Corporate Development. He led the acquisitions of eNom, BulkRegister, Name.com, and HotKeys, Inc., and played a key role in identifying and developing the strategy for acquiring gTLD registry operator rights in ICANN’s new gTLD program. Prior to co-founding Demand Media, Mr. Colo was a principal with Spectrum Equity Investors, a media and communications focused private equity firm. He holds a B.S.E. in Civil Engineering and Operations Research from Princeton University. Mr. Colo is also a director of KCRW, Southern California’s leading National Public Radio affiliate, and he participates on the Intel Capital Consumer Advisory Board.
Following these additions, Rightside’s Board of Directors comprises seven members, four of whom are independent.
Rightside(TM) inspires and delivers new possibilities for consumers and businesses to define and present themselves online. The company, with its affiliates, is a leading provider of domain name services, offering one of the industry’s most comprehensive platforms for the discovery, registration, usage, and monetization of domain names. In addition to being a new gTLD registry operator, Rightside is home to some of the most admired brands in the industry, including eNom, Name.com, and NameJet (in partnership with Web.com). Headquartered in Kirkland, WA, Rightside has offices in North America, Europe, and Australia. For more information please visit www.rightside.co.
This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended, including, among others, statements relating to the Company’s prospects for growth. Statements that are not purely historical are forward looking statements. Statements containing words such as may, believe, anticipate, expect, intend, plan, project, and estimate or similar expressions constitute forward-looking statements. Statements regarding Rightside’s future performance are based on current expectations, estimates and projections about our industry, financial condition, operating performance and results of operations, including certain assumptions related thereto. Actual results may differ materially from the results predicted, and reported results should not be considered an indication of future performance. Forward-looking statements involve risks and uncertainties including, among others: revenue and growth expectations for Rightside following its separation from Demand Media, Inc.; the ability of Rightside to operate as an independent entity following the separation; market conditions in general; Rightside’s ability to successfully pursue, acquire and operate new gTLD registries; the impact on Rightside’s registry business given its limited experience in providing back-end infrastructure services to new and existing registries; the impact of any delays or limitations in introducing new gTLDs; Rightside’s ability to successfully market and sell its gTLDs; and the difficulty in predicting and developing consumer demand for new gTLDs. More information about potential risk factors that could affect Rightside’s operating and financial results are contained in Rightside’s Registration Statement on Form 10, as amended, filed with the Securities and Exchange Commission on July 14, 2014, as such risk factors may be updated in our quarterly reports on Form 10-Q filed with the Securities and Exchange Commission, including, without limitation, information under the captions Risk Factors and Management’s Discussion and Analysis of Financial Condition and Results of Operations. All forward-looking statements are expressly qualified in their entirety by this cautionary statement. Rightside does not intend to revise or update the information set forth in this press release, except as required by law, and may not provide this type of information in the future.
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