Leadership additions bring deep industry expertise to advance the
company’s strategic transformation and growth
Digital River, Inc. (NASDAQ: DRIV)
announced new additions to its executive leadership team. The company
has appointed Ted Cahall as executive vice president and chief operating
officer, and Thomas Peterson as executive vice president and general
manager of commerce.
To his new role at Digital River, Cahall brings more than 25 years of
Internet and technology industry experience, working with companies such
as Microsoft Corp., AOL Inc., United Online, Inc., CNET Networks, Bank
of America Corporation and AT&T Bell Labs. At Digital River, Cahall will
be charged with leading the company’s global product development,
engineering, quality assurance, IT and global delivery organizations.
Cahall will take up his new post on October 28, 2013.
Joining Digital River most recently from HP and previously IBM, Peterson
has more than 30 years of global sales, business development and general
management experience, growing new revenue channels as well as working
with multinational retailers, branded manufacturers and digital products
companies. Peterson will be responsible for leading Digital River’s
enterprise and SMB commerce businesses and will begin his new role at
the company on November 18, 2013.
“Both with impressive backgrounds and track records of success, Ted and
Tom have established themselves as transformational technology and
business leaders,” said David Dobson, Digital River’s chief executive
officer. “They bring deep experience in our core markets and a strong
global perspective to our transformation strategy. We are looking
forward to their contributions as we accelerate our transformation,
strengthen our competitive position and increase the value we deliver to
Ted Cahall joins Digital River from Microsoft, where he served as
corporate vice president of MSN and led one of the largest online media
networks in the world. Prior to joining Microsoft in 2010, Cahall held
various senior executive positions at AOL. His positions included
divisional president, executive vice president and chief technology
officer, as well as executive vice president and president of the
platforms and products business units responsible for AOL Search,
MapQuest, commerce channels, publishing, video search, email and mobile.
Before AOL, Cahall was an executive vice president and chief operating
officer of United Online, a leading provider of consumer products and
services over the Internet. At United Online, Cahall had responsibility
for multiple U.S. and international social networking sites. Prior to
coming to United Online, Cahall was chief technology officer at CNET
Networks where he managed the architecture, data centers, infrastructure
and software development of more than 30 web properties. Cahall also
spent six years at Bank of America, serving as vice president of
enterprise architecture and standards, and later as the vice president
of engineering for the Internet home banking division. Cahall started
his career at AT&T Bell Labs. Cahall holds a Bachelor of Science and
Master of Science in electrical engineering and computer science from
the University of Illinois at Chicago.