Geeknet Names Scott Collison as President and GM, Media
November 18 2010 - 5:26PM
Geeknet, Inc. (Nasdaq:GKNTD), the online network for the global
geek community, today announced that it has named Scott Collison as
President and GM, Media. The company also announced that effective
March 1, 2011, it plans to move the corporate headquarters to
Fairfax, VA. In conjunction with the planned corporate
relocation, chief financial officer Patty Morris has resigned from
the company effective March 1, 2011.
Previously, Mr. Collison was responsible for driving product at
Geeknet. As co-founder and CEO of Ohloh, Scott helped make the
company into the market leading directory and data provider for
open source projects and developers. As Director of Platform
Strategy at Microsoft, Scott was responsible for marketing Web
services, shipping the market-leading Web Services Enhancements in
the .NET Framework, and running the Web Services early adopter
program. Prior to working at Microsoft, Scott ran marketing and
business development at Signio, a credit card processing ASP.
Signio was acquired by VeriSign in 1999 in a transaction in excess
of $1 billion. Scott holds a Ph.D. from the University of
California, Berkeley, an M.A. from the University of Freiburg
(Germany), and a B.A (Special Honors) from the University of Texas,
Austin. Scott is a former Fulbright scholar.
"We believe that we are making good progress on our efforts to
reenergize our media business and I am very pleased to name Scott
to this important role," said Ken Langone, Chairman of the Board of
Directors, Geeknet. "We are focused on growing top line media
revenue and increasing profitability. At the same time,
ThinkGeek continues to perform very well. With a majority of
our employees already based at ThinkGeek's headquarters in Fairfax,
it is logical to center our corporate team at that
location. We anticipate that this move will create both
operating and financial efficiencies that we believe will help
contribute to improving our profit margin objectives. I want
to thank Patty for her years of dedication and hard work and we
support her in her future endeavors."
About Geeknet, Inc.
Geeknet is the online network for the global geek community. Our
sites include SourceForge, Slashdot, ThinkGeek, Geek.com, and
freshmeat. We serve an audience of over 51 million users* each
month and provide the tech-obsessed with content, culture,
connections, commerce, and all the things that geeks crave. Want to
learn more? Check out geek.net.
(*September 2010 Unique Visitors 51.3M. Source: Google Analytics
and Omniture)
Geeknet is a trademark of Geeknet, Inc. SourceForge, Slashdot,
ThinkGeek, Geek.com, and freshmeat are trademarks of Geeknet, Inc.
in the United States and other countries. All other trademarks or
product names are property of their respective owners.
The Geeknet, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=7330
NOTE REGARDING FORWARD-LOOKING STATEMENTS: This press release
contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Words such as
"may," "could," "anticipate," "potential," "intend," "expect,"
"believe," and variations of such words and similar expressions,
are intended to identify such forward-looking statements, which
include, but are not limited to, statements regarding our
expectations and beliefs regarding future revenue growth; and
sources of revenue; gross margins; financial performance and
results of operations; our ability to achieve operational and
financial efficiencies; growth prospects for our online media and
e-commerce businesses. These statements are based on our current
expectations, and involve risks and uncertainties. Actual
results may differ materially from those expressed or implied in
such forward-looking statements due to various factors, including:
benefits from the move of our corporate headquarters and the
ability to grow revenues and achieve and maintain
profitability. Investors should consult our filings with the
Securities and Exchange Commission, sec.gov, including the risk
factors section of our Annual Report on Form 10-K for the year
ended December 31, 2009 and our quarterly report on Form 10-Q for
the period ending September 30, 2010, for further information
regarding these and other risks of our business. All
forward-looking statements included in this press release are based
upon information available to us as of the date hereof, and we do
not assume any obligations to update such statements or the reasons
why actual results could differ materially from those projected in
such statements.
CONTACT: The Blueshirt Group
Investor Relations Contact:
Todd Friedman
todd@blueshirtgroup.com
Stacie Bosinoff
stacie@blueshirtgroup.com
(415) 217-7722
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