for those long TSQD :)
Bob Strawman Joins Digital River as CFO
MINNEAPOLIS--(BUSINESS WIRE)--May 20, 1998--Digital River announced that Bob Strawman has joined Digital River as the company's new Chief Financial Officer, effective immediately.
Mr. Strawman joins Digital River with 17 years of financial management experience. His responsibilities will include reviewing and upgrading Digital River's financial systems, controls and operations in order to manage the rapid growth the company is experiencing.
Most recently, Mr. Strawman was the Vice President of Finance for Caribou Coffee, a Minnesota-based chain of coffee retail stores. Prior to Caribou Coffee, he was the Chief Financial Officer of Software Etc. Stores, Inc., the largest, traditional software specialty retailer
in the United States. During his 6 years at Software Etc., Mr. Strawman managed the 1992 IPO (initial public offering) and a subsequent follow-on offering in 1993.
''Bob's addition to the company will be instrumental in managing the growth we are expecting and currently experiencing,'' said Joel Ronning, Digital River's president and CEO. ''He has an enormous amount of experience and knowledge about both the software and retail sectors and we are fortunate to have him on board.''
Mr. Strawman's financial management expertise also includes positions at B. Dalton Bookseller, Inc. and Super Valu Stores. He is a graduate of the University of Minnesota and has an MBA from the College of St. Thomas.
Digital River, Inc., based in Minneapolis, offers the world's largest online database of software products. It partners with more than 1,200 software publishers and online dealers to implement its proprietary technology for Internet delivery of more than 100,000 software and other digital products. The company has 12 patents pending, covering digital delivery, commerce and encryption systems. Tech Squared Inc. (OTC Bulletin Board:TSQD - news) controls 23 percent and Fujitsu Limited of Japan owns 16 percent of Digital River's common stock. For more information, visit the Digital River Web site at digitalriver.com.
Joe PTG&LI !!! |
