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AuctionDrop Names Peter Loeb as Senior Vice President of Sales and Business Development.


Business Editors

SAN CARLOS San Carlos (săn kär`lōs), residential city (1990 pop. 26,167), San Mateo co., W Calif.; inc. 1925. The chief manufactures are plastic products, hardware, and machine parts. , Calif.--(BUSINESS WIRE)--Sept. 29, 2003

AuctionDrop, the leading eBay drop-off service, today announced the appointment of Peter K. Loeb, Jr. as senior vice president of sales and business development. In his new role he will spearhead the creation of revenue-generating channels and partner initiatives. Mr. Loeb will report directly to AuctionDrop CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Randy Adams.

"Peter has an established track record of channel and partner development and we're pleased to have him join our team," said Adams. "With additional AuctionDrop locations opening in the San Francisco Bay Area “Bay Area” redirects here. For other uses, see Bay Area (disambiguation).

The San Francisco Bay Area, colloquially known as the Bay Area or The Bay
 and Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , we are poised for national expansion. Peter's contribution will be critical to our growth and ongoing success."

"AuctionDrop is committed to providing its customers with the easiest and best eBay experience," said Loeb. "I look forward to working with the management team to help drive the company in its next phase of growth."

Mr. Loeb has twice served as a venture-backed CEO, first as founder of Internet start-up, BivWak Digital Music, then executing the turn-around of Tambourine tambourine (tăm'bərēn`), musical instrument of the percussion family, having a narrow circular frame and a single parchment drumhead, with metal plates or jingles set in the frame. , the music company roll-up that bought BivWak. He continues to serve Tambourine as a director of the board.

Previously, Mr. Loeb was an entrepreneur in residence An Entrepreneur In Residence (EIR) is an entrepreneur who partners with a venture fund.. EIR
A role as an entrepreneur in residence (EIR) with a venture fund is a very coveted role for many entrepreneurs.
 at Benchmark Capital after progressing to VP/GM positions at game publishers SEGA (company, games) SEGA - manufacturer of video game hardware and software.

Usenet newsgroup: news:rec.games.video.sega.
 and Electronic Arts. During the 1980s, he worked in financial services as an institutional equity salesman and a bond portfolio manager in both the U.S. and Europe.

About AuctionDrop

AuctionDrop is the first retail company dedicated to providing a simple, fast and convenient way for consumers to sell goods on eBay. Founded in 2002 by Randy Adams, Bill Rollinson and Andy Jeffrey, AuctionDrop is a privately owned company. Rollinson and Adams also founded the first online retailer on the web, the Internet Shopping Network in 1994. AuctionDrop receives funding from leading Silicon Valley venture firms Draper Associates and Mobius Venture Capital. For more information go to www.auctiondrop.com or call toll free 1-866-DROP-IT-OFF (1-866-376-7486).

AuctionDrop is a trademark of AuctionDrop, Inc. All other product and company names may be trademarks of their respective companies.
COPYRIGHT 2003 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Sep 29, 2003
Words:347
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