SUNNYVALE, Calif.--(BUSINESS WIRE)--
Yahoo! (NASDAQ:YHOO), the premier digital media company, today announced
that former PayPal executive, Sam Shrauger, and current Yahoo!
executive, Mollie Spilman, will co-lead the new consumer commerce
business unit for Yahoo!. Both executives will hold titles of senior
vice president, reporting to CEO, Scott Thompson and sit on Thompson's
executive leadership team.
Under Shrauger and Spilman's leadership, the new commerce business will
focus on delivering engaging and personalized consumer commerce
experiences which will connect consumers to marketers and merchants.
Based on Yahoo's unique understanding of customers needs, the commerce
offerings will be relevant and customized in specific categories where
people are already transacting on the web, such as autos, travel, jobs,
personals, real estate and retail goods. This business unit will
initially be made up of existing Yahoo! properties and is expected to
include new offerings over time.
Shrauger joins Yahoo! after fourteen years of developing commerce
products and services for the Internet. Most recently, he was vice
president of PayPal's global product and customer experience
organization, in which he defined the product vision and strategy for
PayPal's global product portfolio. He was also instrumental in building
PayPal's $78 billion merchant services business and in developing
products for the company's entry into traditional offline retail
A current Yahoo! executive, Spilman most recently led marketing for
Yahoo!'s Americas region. Under her leadership, Yahoo! built strategies
which delivered relevant insights to clients and created programs that
increased consumer engagement and usage across multiple platforms.
Spilman comes into this role with more than 22 years of experience in
media, advertising and marketing at companies such as AOL, Time Warner,
Meredith Corporation, Discovery Networks and Advertising.com.
"Shrauger and Spilman are two extremely talented and experienced leaders
who bring unique and complementary skills to our tremendous commerce
opportunity," said Scott Thompson, CEO of Yahoo! "Under their
leadership, both consumers and advertisers will benefit from Yahoo's!
ability to close the loop between consumer interests and advertising
spend - ultimately redefining consumer shopping, buying and payments in
ways that only Yahoo! can."
"Yahoo! has a massive opportunity to be part of the transformation of
commerce going on across the Internet today," said Shrauger. "By
harnessing the business' deep data set and large customer base, we have
all the right elements to make buying on the web more fun, more engaging
and therefore better for consumers. I couldn't be more excited to bring
new and better shopping experiences to Yahoo customers across the world."
"I'm thrilled to co-lead a new business that will bring together all of
Yahoo's commerce assets in one place for the benefit of our customers,"
added Spilman. "In doing so, we can create an even more effective and
targeted platform for our advertising and merchant clients, and provide
an even higher return on investment of their advertising spend."
Yahoo! is the premier digital media company, creating deeply personal
digital experiences that keep more than half a billion people connected
to what matters most to them, across devices and around the globe. And
Yahoo!'s unique combination of Science + Art + Scale connects
advertisers to the consumers who build their businesses. Yahoo! is
headquartered in Sunnyvale, California. For more information, visit the
or the company's blog, Yodel Anecdotal (yodel.yahoo.com).
Yahoo! is the trademark and/or registered trademark of Yahoo! Inc. All
other names are trademarks and/or registered trademarks of their
Dana Lengkeek, 408-349-4040
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