A year after leaving TicketsNow, Cheryl Rosner, the company’s former president and CEO, has joined the board of directors of e-commerce company Digital River, Inc..
The appointment marks the first public move by Rosner, who resigned from TicketsNow after an 18-month tenure that culminated in the sale of the company to Ticketmaster for $265 million.
In a prepared statement, Joel Ronning, CEO of Digital River, was pleased by the expertise Rosner brings to his firm. Rosner knows e-commerce extensively, having served as president of both Hotels.com and Expedia Corporate Travel prior to signing on at TicketsNow.
“Cheryl is an exceptional business leader and strategist, bringing great organizational, sales, financial and e-commerce operational expertise to Digital River’s board of directors. Cheryl has tremendous experience leading high-visibility companies through periods of rapid growth,” Ronning said.
“With her depth of experience, Cheryl will be an instrumental addition to our board as we look to further accelerate our growth, broaden our product offering and continue to expand internationally,” he added.
Rosner, a corporate turnaround specialist, was brought on board at TicketsNow to pump up the company prior to the sale, and by all accounts she succeeded in doing so in spectacular fashion. Industry speculation at the time of her departure placed her exit package in the millions of dollars, though a specific figure has not been confirmed.
Despite the success of the sale, Rosner’s tenure at TicketsNow also had some rockier patches.
Several key staffers left the company, and TicketsNow was forced to layoff about 60 employees several months after the sale.
In addition, many broker clients became critical of the company’s direction under Rosner and her boss, former Ticketmaster President and CEO Sean Moriarty, which led to the two holding meeting with brokers to quell suspicions.
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Yes i guess she was. Anyone who could phantom bid Barry Diller for a P.O.S company to $265MM is!
disgusting
Did they do ONE reference check on this woman? She was such a complete trainwreck at TicketsNow which is why she “resigned” (like Richard Nixon)
If her reputation is already crap why would DigitalRiver think she has any value left?
Cause they got her for a bargain price.
We’re sinking over here anyways, losing clients everyday, and now today they announced more layoffs- lost Symantec, the Microsoft Account is loosing products, maybe we’ll lose that one too soon… losing our biggest clients. we’re under investigation by the SEC for back dating stock options. This new board member probably can’t make much of a difference. What a mess.
on a broken down 1981 cadillac with 300,000 miles on it!
This car is ready for the crusher.
it is now