InfoSpace, Inc. (NASDAQ:INSP) today announced that Bruce Allenbaugh has
been appointed to the newly created position of Chief Marketing Officer.
Mr. Allenbaugh will be responsible for leading the Company’s
direct-to-consumer marketing initiatives as InfoSpace transitions into a
focused online search company. He will report to Jim Voelker, Chairman
and Chief Executive Officer of InfoSpace.
Mr. Allenbaugh joins InfoSpace with more than two decades of global
marketing, branding and advertising experience. Among his
accomplishments, Mr. Allenbaugh was a member of the senior leadership
team at Safeco Corporation, a Fortune 500 property and casualty
insurance company, that was responsible for returning Safeco to
profitability. Prior to that, Mr. Allenbaugh served as Vice President,
Marketing for Avenue A (now aQuantive), where he successfully positioned
the Company from an online advertising agency to a digital marketing
services and technology company. Mr. Allenbaugh was also Vice President,
Marketing at Nextlink Communications (now XO Communications), as well as
ten years in various positions at Pepsi-Cola Company.
“Bruce is a seasoned marketing executive with
a proven record of developing high-impact brands,”
said Mr. Voelker. “We are delighted to welcome
Bruce to InfoSpace and look forward to capitalizing on his experience as
we ramp-up our own marketing efforts to increase traffic on InfoSpace’s
owned and operated search engine sites.”
metasearch technology provides a solid growth foundation for the Company,”
said Mr. Allenbaugh. “InfoSpace’s
many awards demonstrate the superior experience provided by InfoSpace’s
four branded search sites, Dogpile®,
and WebFetch™. My goal is to increase market
awareness of these brands so that InfoSpace’s
sites are top of mind when consumers want the most relevant search
results on the web.”
InfoSpace also announced today a number of senior executive promotions.
David Binder, most recently Vice President of Finance, has been promoted
to Chief Financial Officer and Treasurer; Alejandro C. Torres, most
recently Senior Corporate Counsel, has been promoted to General Counsel
and Secretary; Sunil Thomas, most recently Vice President, Engineering,
has been promoted to Chief Technology Officer; and Eric Emans, most
recently Controller, has been promoted to Chief Accounting Officer.
“InfoSpace has a strong and deep leadership
team. Each of the newly appointed executives has been with the Company
since at least 2004 and they have a combined tenure of 20 years at the
Company,” continued Voelker.
These promotions follow the planned departures of Allen Hsieh, Bruce
Easter, Brian McManus, Steve Elfman and John Foster, Senior Vice
President, Corporate Development in connection with the sale of the
mobile and directory businesses.
“As we welcome the new executive team, we
acknowledge the accomplishments of Allen, Bruce, Brian, Steve and John
and the value they helped create for InfoSpace shareholders over the
years,” continued Mr. Voelker.
Most recently, Mr. Allenbaugh served as Vice President of Marketing and
Business Development for Trumba Corporation. Prior to this role, he
served as the Senior Vice President of Marketing and Communications at
Safeco Corporation. Prior to Safeco, Mr. Allenbaugh was Vice President
of Marketing for Avenue A (now aQuantive). He also served as Vice
President of Marketing for Nextlink Communications (now XO
Communications). Mr. Allenbaugh began his career at Pepsi-Cola Company,
where he served in various marketing management roles during his
ten-year tenure there. Mr. Allenbaugh received a master’s
degree from J.L. Kellogg Graduate School at Northwestern University and
a bachelor’s degree from the University of
Mr. Binder joined InfoSpace in 2004 as Vice President of Finance. Prior
to this role, he served as Senior Director of Business Development at
drugstore.com. Prior to that, he served as Senior Director of Finance at
AT&T Wireless. Mr. Binder received his Masters degree in Economics and
Finance from Brandeis University.
Mr. Torres joined InfoSpace in 2003 as Senior Corporate Counsel. Prior
to this role, he served as Principal at Riddell Williams, P.S., a major
Seattle law firm, where he was a member of the firm’s
corporate, M&A and finance practices. Mr. Torres received his J.D. from
Columbia Law School and a bachelor’s degree
in business administration from the University of Washington.
Mr. Thomas joined InfoSpace in 1999 as Senior Development Manger before
being promoted to Director of Engineering in 2002. Mr. Thomas was
appointed to Vice President, Engineering in 2006. Prior to this role, he
was the Chief Technology Officer at Zephyr Software, a start-up acquired
by InfoSpace in 1999. Prior to Zephyr, he worked at Microsoft as an
Enterprise Consultant. Mr. Thomas began his career at Hewlett Packard as
a software engineer. Mr. Thomas received his bachelor of Engineering in
Computer Science from the Bombay University in India.
Mr. Emans joined InfoSpace in 2003 as Manger of Revenue Assurance before
being promoted to Senior Finance Manger in 2005. He briefly left the
Company to join Corbis, Inc., but returned to the Company as Controller
in 2006. Prior to InfoSpace, he was an auditor at Deloitte and Touche
LLP. Mr. Emans received his bachelor’s degree
in business administration from the University of Washington.
InfoSpace, Inc. is a leading developer of metasearch products to help
people easily search and discover the web. InfoSpace uses its
proprietary metasearch technology that combines the top results from the
leading search engines to power a portfolio of branded Web sites,
including Dogpile (www.dogpile.com)
and WebFetch (www.webfetch.com).
For the second consecutive year, Dogpile ranked highest in customer
satisfaction among search engines, according to JD Power and
Associates. More information can be found at www.infospaceinc.com.
This release contains forward-looking statements relating to InfoSpace,
Inc.’s appointment of new officers, the
departure of certain officers and the Company’s
ongoing online search business that are subject to certain risks and
uncertainties that could cause actual results to differ materially from
those projected. The words “believe,”“expect,” “intend,”“anticipate,”
variations of such words, and similar expressions identify
forward-looking statements, but their absence does not mean that the
statement is not forward-looking. Forward-looking statements include,
without limitation, statements regarding marketing efforts and the
prospects of InfoSpace’s online search
business. These statements are not guarantees of future performance and
are subject to certain risks, uncertainties and assumptions that are
difficult to predict. Factors that could affect InfoSpace’s
actual results include: general economic, industry and market sector
conditions; the progress and costs of the development of our products
and services; the timing and extent of market acceptance of those
products and services; the performance of the new officers; and our
dependence on companies to distribute our products and services. A more
detailed description of certain factors that could affect actual results
include, but are not limited to, those discussed in InfoSpace’s
most recent Annual Report on Form 10-K and quarterly reports on form
10-Q as filed from time to time, in the section entitled “Risk
Factors.” Readers are cautioned not to place
undue reliance on these forward-looking statements, which speak only as
of the date of this release. InfoSpace undertakes no obligation to
update publicly any forward-looking statements to reflect new
information, events or circumstances after the date of this release or
to reflect the occurrence of unanticipated events.