Former Yahoo! Executive Joins Clearspring as New CEO
September 26, 2011
Clearspring announced today it has named former Yahoo! executive Ramsey McGrory as the company’s new Chief Executive Officer. Clearspring, the provider of the largest platform for sharing online content, AddThis, welcomed McGrory, who formerly led the Yahoo! U.S. data business and Right Media, pioneer of the digital advertising exchange.
“In our industry, data and social are where incredible innovation is happening. I’m thrilled to be joining Clearspring,” said McGrory. “Clearspring has a fantastic team and a differentiated ability to understand online consumer behavior through its massive reach and real-time data processing capability. This is exciting because Clearspring’s premier digital services platform has not only proven to be powerful in the advertising market, but also it has the potential to disrupt others as well.”
McGrory joins Clearspring at a time of massive growth for the company, including a tripling of its revenue, $20M in new funding earlier this year, and incredible scale on its platform which now reaches more than 1B unique users a month.
Clearspring founder Hooman Radfar, who spoke at Tech Cocktail’s Startup Mixology Conference in June, will continue to drive the company’s product and marketing strategies in his new role as Executive Chairman, while current chairman, Ted Leonsis, will remain on the board of directors.
“Clearspring is at an inflection point,” said Radfar. “AddThis has become the standard sharing platform on the web, our advertising revenue is more than tripling this year, and the trajectory for next year is incredible. Ramsey’s operational expertise in scaling data-driven and large platform businesses operations is just what we need to take our rapidly growing company to the next level.”
Tech Cocktail has been watching Clearspring’s growth for a while, and we interviewed former CEO Hooman Radfar last year when the company launched the Clearspring Audience Platform. Clearspring’s continued growth has been recognized by its selection for the AlwaysOn Global 250 Top Private Companies list, the Inc. 500, and Business Insider’s Digital 100 Most Valuable Startups.
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