SANTA CLARA, Calif., March 22 /PRNewswire/ -- Chegg.com, the number one online textbook rental company, today announced the appointment of Gregory S. Stanger as the company's Chief Financial Officer.
"Greg brings nearly 20 years of experience with technology companies in Silicon Valley and I could not be more thrilled to have him on board," said Daniel Rosensweig, president and CEO of Chegg. "His knowledge of rental commerce and domain expertise will contribute tremendously to Chegg's future success."
Previously, Stanger served as Venture Partner at Technology Crossover Ventures, a private equity and venture capital firm focused on growth technology companies, where he sourced and managed investments in expansion and late-stage Internet and e-commerce companies.
Stanger has extensive Internet domain experience from his time as Chief Financial Officer at Expedia, Inc. when he built and managed a comprehensive financial organization that scaled to support enormous growth, from $50mm to $1 billion in revenue.
"Chegg has an exciting business model and a very bright future in the marketplace," said Stanger. "I am very pleased to be working with the remarkable team at Chegg and look forward to the opportunity to contribute to its success."
Stanger has served on the board of several companies both past and present including, Drugstore.com, Netflix and NexTag. Stanger received a B.A. from Williams College and an M.B.A. from the University of California at Berkeley.
Founded in July 2007, Chegg.com is the number one online textbook rental company that has saved students on more than 6,400 campuses nationwide in excess of $165 million. Chegg.com offers students access to a growing catalog of more than 4.2 million titles, a variety of shipping options and free returns. As a part of the company's on-going environmental efforts, they plant a tree every time a student rents from Chegg.com through a partnership with American Forests' Global ReLeaf program. The company has grown into a respected and trusted brand used by college students and was recently named to the Wall Street Journal's Next Big Thing: Top 50 Venture-Backed Companies. For more information, visit www.chegg.com.