Finyear: New Finance & Blocktech Daily News

Lundi 5 Juillet 2010

Stephen Recht CFO Delivery Agent Inc.

Delivery Agent, Inc., the leader in shopping enabled entertainment, today announced that Stephen Recht has been appointed chief financial officer.

Recht most recently served as CFO of Glam Media where he helped the company solidify its position as the Internet's top digital media vertical network. At Delivery Agent, which powers commerce for major media companies including ABC, CBS, NBC Universal, Twentieth Century Fox, A&E Television Networks and Discovery Communications, Recht will be responsible for driving and managing the company's global corporate financial strategy.

Recht brings to Delivery Agent more than 30 years of experience in operations and finance, having served as CFO for three different public companies and several private companies. He has completed two IPOs, one public secondary offering and numerous venture financings and mergers and acquisitions.

Prior to his position at GlamMedia, Recht was CFO at Shutterfly where he helped deliver a compounded annual growth rate of more than 50% from 2003-2007. He prepared the company and took it through a successful IPO in 2006. His other experience includes stints at SkyStream Networks, Brience, Allegis and NetGravity/DoubleClick.

"Delivery Agent is in fast-growth mode now and Steve is the right person at the right time,” said Mike Fitzsimmons, Delivery Agent CEO. “He's expert at making strategic investments and building economic business models, and brings the extra bonus of having worked with leading public companies in two key areas of focus for Delivery Agent: e-commerce and interactive advertising."

"Delivery Agent's exclusive relationships with all of the top media companies and its vision to make entertainment programming shoppable in every form possible, including online, TV, mobile and whatever's next, is an unbeatable formula for success and I look forward to contributing to it," said Recht.


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