Press Release – 10.17.06 – Photobucket Bolsters Executive Team With Key Hires in Sales, Finance and Customer Service

Posted by on Oct 17, 2006 in Press Releases | No Comments

Photobucket Bolsters Executive Team With Key Hires in Sales, Finance and Customer Service

Seasoned Executives Bring Operational and Strategic Experience to Fast Growing Personal Media Company

PALO ALTO, Calif.–(BUSINESS WIRE)–Photobucket (http://www.photobucket.com), an online personal media company where over 25 million people create, manage and share their digital life, today announced the expansion of the company’s executive team. Recent hires include Karen Katz as Senior Vice President of Media Development, Peter Foster as Vice President of Sales, Greg Wimmer as Vice President of Finance & Administration, and Heather Dana as Executive Director of Customer Service.

“We’ve spent the past 3 years building a massive infrastructure and user base. It’s clear we can take better advantage of such scale with an expanded executive team,” said Alex Welch, co-founder and CEO of Photobucket. The company recently announced it reached 25 million users that link their photos, personal videos and images to over 250,000 different websites and share them using email, IM and mobile devices. ComScore reports that Photobucket is the world’s largest photo-sharing service. Every day over 7 million personal photos, graphics and videos are uploaded to Photobucket for sharing with family, friends and the online world.

Karen Katz, Senior Vice President of Media Development, and Peter Foster, Vice President of Sales, are responsible for growing revenue through media development, advertising and sponsorships. Karen brings over 20 years of operational and leadership experience across start-ups and Fortune 500 companies. Over the past 7 years, while founding and managing high-tech media companies, Karen has built new advertising platforms and a “who’s who” list of advertisers as clients. She previously worked as Executive Vice President of Sales at FilmLoop, a desktop photocasting network, where she signed on some of the world’s leading consumer brands. Prior to FilmLoop, Karen co-founded and served as CEO of AdSpace Networks, raising nearly $40 million in venture funding and building a world-renowned digital media network for advertising in public places.

Peter Foster, Vice President of Sales, brings 10 years of advertising sales and management experience to Photobucket. Peter has spent his entire career working with major advertisers and agencies across the US, running top-notch sales organizations. Most recently, Peter was Senior Vice President of Sales for ValueClick Media/Fastclick, where he managed a national team of more than 30 people and annual revenues of more than $150 million. During his tenure there, he also played a key role in successfully integrating the two sales organizations after the acquisition of Fastclick.

Greg Wimmer, Vice President of Finance & Administration, brings over 20 years of finance, accounting and management experience at innovative technology companies. Prior to Photobucket, Greg held VP of Finance and CFO positions at several fast growing companies, successfully raising over $100 million in venture financing. Most recently, as CFO of Wavemarket, Greg negotiated key contracts with major mobile operators in North America, as well as distribution deals with equipment providers globally. He previously worked as a Management Consultant at Deloitte & Touche.

Heather Dana joins Photobucket as Executive Director of Customer Service. Heather is responsible for the delivery of world-class services and support to Photobucket users globally. With more than 20 years of customer service experience, Heather brings a wealth of operational and strategic knowledge to Photobucket. Previously, Heather served as Vice President of Customer Service at Monster.com where she dramatically increased customer satisfaction and improved the user experience.