[February 22, 2017] |
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Shutterfly, Inc. Names Will Lansing Chairman of the Board
Shutterfly,
Inc. (NASDAQ:SFLY), the leading online retailer and manufacturer of
high-quality personalized products and services, today named technology
executive Will Lansing, as chairman of the Shutterfly board of
directors. Brian Swette, who served as interim chairman for the past
eight months, will remain on the board as chair of the governance
committee.
"I'm delighted to announce the appointment of Will Lansing as chairman
of Shutterfly's board today," said Christopher North, president and
chief executive officer of Shutterfly. "Will's extensive experience
leading technology and consumer businesses as well as his track record
of innovation, driving growth, and creating shareholder value make him a
valuable asset to our board. On behalf of the board and the entire team,
I would also like to thank Brian Swette for his leadership as interim
chairman."
A 30-year technology veteran, Mr. Lansing currently serves as chief
executive officer for the analytics software company FICO. During his
tenure, he has led his company's steady financial growth, while
continuing to innovate in the rapidly evolving industry. Mr. Lansing's
respected reputation for growing companies as well as his strategic and
operational expertise make him well qualified to round out Shutterfly's
board of directors.
"I am honored to join this esteemed board of industry leaders as we
guide the execution of the organization's new multi-year strategy," said
Will Lansing. "Shutterfly has a industry-leading position and I look
forward to advising on the path to continued growth and profitability
for the company."
Prior to joining FICO, Mr. Lansing held executive officer roles with
Infospace, Value Vision Media, NBC Internet & Fingerhut and leadership
roles with General Electric and McKinsey & Company (News - Alert). He holds a Bachelor
of Arts from Wesleyan University and a J.D. from Georgetown University.
Notice Regarding Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended, that
involve risks and uncertainties. These forward-looking statements
include statements regarding Shutterfly's positioning for future growth.
Shutterfly's actual results may differ materially from those anticipated
in these forward-looking statements. Factors that might contribute to
such differences include, among others, economic downturns and the
general state of the economy; changes in consumer discretinary spending
as a result of the macroeconomic environment; the loss of sales partners
for our products; our ability to expand our customer base, increase
sales to existing customers and meet production requirements; our
ability to successfully integrate acquired businesses and assets; our
ability to retain and hire necessary employees, including seasonal
personnel, and appropriately staff our operations; the impact of
seasonality on our business; our ability to develop innovative, new
products and services on a timely and cost-effective basis; consumer
acceptance of our products and services; our ability to develop
additional adjacent lines of business; unforeseen changes in expense
levels; and competition and pricing strategies of our competitors, which
could lead to pricing pressure. For more information regarding the risks
and uncertainties that could cause actual results to differ materially
from those expressed or implied in these forward-looking statements, as
well as risks relating to our business in general, we refer you to the
"Risk Factors" section of Shutterfly's most recent Form 10-K and Form
10-Q, and Shutterfly's other filings, which are available on the
Securities and Exchange Commission's website at www.sec.gov.
These forward-looking statements are based on current expectations and
Shutterfly assumes no obligation to update this information.
About Shutterfly, Inc.
Shutterfly, Inc. is the leading manufacturer and digital retailer of
high-quality personalized products and services offered through
lifestyle brands. Founded in 1999, the Shutterfly, Inc. brands include Shutterfly®,
where your photos come to life in photo books, cards and gifts; Tiny
Prints®, premium cards and stationery for all life's occasions; Wedding
Paper Divas®, wedding invitations and stationery for every step of
the planning process; MyPublisher®,
one of the pioneers in the photo book industry and creator of
easy-to-use photo book-making software; BorrowLenses®,
the premier online marketplace for photographic and video equipment
rentals; and GrooveBook™,
an iPhone
and Android app
and subscription service that prints up to 100 mobile phone photos in a
GrooveBook and mails it to customers every month. For more information
about Shutterfly, Inc. (SFLY),
visit www.shutterflyinc.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170222005558/en/
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