Chegg Adds Executives from Shutterfly, Facebook, KKR and San Francisco 49ers to Board of Directors
New Appointments Bring Diverse Experience to Strengthen Chegg's Focus on Putting Students First
SANTA CLARA, Calif., Aug. 14, 2013 /PRNewswire/ -- Chegg, The Student Hub, today announced the addition of four new members to its board of directors. Joining Barry McCarthy, Dan Rosensweig and Ted Schlein are: Jeffrey Housenbold, President and CEO of Shutterfly; Marne Levine, Vice President of Global Public Policy, Facebook; Richard Sarnoff, Senior Advisor of Kohlberg Kravis Roberts & Co (KKR); and Jed York, CEO of the San Francisco 49ers.
"Each of these new members has a successful track record of managing influential organizations, with significant accomplishments in media, commerce, public policy and beyond," said Dan Rosensweig, President and CEO of Chegg. "All have been engaged with innovative companies who put consumers first. Their combined expertise will be invaluable as we continue to expand our services to help students. We are thrilled to have them join our board."
As Shutterfly's President & CEO, Jeffrey Housenbold drives the strategic direction and growth of Shutterfly.com, TinyPrints.com, WeddingPaperDivas.com and Treat.com. He is a new media visionary with a successful track record of building online consumer franchises by artfully combining commerce and community. Previously, Housenbold was Vice President of Business Development & Internet Marketing at eBay, where he managed customer acquisition and retention. At eBay he also held positions as Vice President & General Manager of its Business-to-Consumer Group and Vice President of Mergers and Acquisitions.
As the Vice President, Global Public Policy at Facebook, Marne Levine manages the company's global public policy strategy, working with governments and non-governmental organizations to foster understanding and support for Facebook's innovative technology. Previously, Levine had worked for the Obama Administration, where she served as Chief of Staff of the National Economic Council (NEC) at the White House and Special Assistant to the President for Economic Policy. She has also served as Director of Product Management for Revolution Money, where she helped launch an online peer-to-peer payment platform before it was sold to American Express, as Chief of Staff for Harvard University President Larry Summers, and in a variety of different leadership positions at the United States Department of Treasury.
As Senior Advisor to Kohlberg Kravis Roberts & Co. L.P. (KKR), Richard Sarnoff works on investments in the Media, Digital Media, and Education sectors, while also supporting existing portfolio companies. Previously, Sarnoff was Co-Chairman of Bertelsmann, Inc., playing a key role in the strategic and corporate development activities of the company while leading the company's investment activities in digital media as President of Bertelsmann Digital Media Investments. Sarnoff was also an architect of Bertelsmann's acquisition of Random House, Inc. and became that company's Executive Vice President and CFO. During his tenure at Bertelsmann, he also served as Chairman of the Association of American Publishers.
Jed York serves as CEO of the San Francisco 49ers, where he oversees all aspects of the organization. He is in his third year in the position, during which he has made bold decisions to return the team to its winning tradition and been the driving force behind the team's work to begin construction on a new stadium for the 49ers in Santa Clara, CA. York began his career as a financial analyst at Guggenheim Partners, a diversified financial services firm. He worked in the firm's New York office in several areas, including private wealth management, hedge funds risk analysis and collateralized debt obligations.
Aayush Phumbhra, Chegg Founder, will step down from the board but remain close to the company and to Dan Rosensweig, as both an advisor and friend. After working daily with Chegg for almost 10 years, he will turn his attention to his other passions: finding, supporting and investing in early-stage disruptive startups and spending time with his family.
"I'm excited to watch the next chapter of Chegg unfold," said Aayush Phumbhra, Chegg Founder and advisor. "Together with a strong management team, an impressive board of directors and a compelling vision, Chegg is poised to be a major influence among students, teachers and the education industry."
The Chegg Board of Directors is comprised of 7 members with the additions of Housenbold, Levine, Sarnoff and York. The Chegg Board of Directors is dedicated to furthering the company's mission of helping students save time, save money, and get smarter and to executing on its strategy to put students first.
Chegg, The Student Hub, is transforming the way millions of students learn by connecting them to the people and tools needed to succeed in college through online study tools, course selection, eTextbook and textbook options as well as school and scholarship connections. Students nationwide use Chegg 365 days a year to make learning easier, more accessible and more productive. As a part of the company's philanthropic efforts, Chegg is dedicated to its Chegg For Good program, which empowers students to be a catalyst for change on their campus, in their communities and around the world. From starting as a textbook rental company to evolving into the student hub, Chegg is enhancing education for millions of students by saving them time, saving them money and helping them get smarter. For more information, visit www.chegg.com.
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