CNET Networks Names Neil Ashe as New Chief Executive Officer and Director.Jarl jarl n. A medieval Scandinavian chieftain or nobleman. [Old Norse.] Mohn Named Chairman of the Board SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden -- CNET (body) CNET - Centre national d'Etudes des Telecommunications. The French national telecommunications research centre at Lannion. Networks, Inc. (Nasdaq:CNET) (www.cnetnetworks.com) today announced that its Board of Directors has unanimously appointed Neil Ashe as the Company's new chief executive officer and director effective immediately. Co-founder and chief executive officer Shelby Bonnie bon·ny also bon·nie adj. bon·ni·er, bon·ni·est Scots 1. Physically attractive or appealing; pretty. 2. Excellent. has resigned as chairman and 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. . The Company also announced today that Jarl Mohn has been named non-executive chairman of CNET Networks' Board of Directors. Mr. Mohn has extensive experience in the media and technology industries. He has previously served as president and chief executive officer of Liberty Digital, Inc., founding president and CEO of E! Entertainment Television, and executive vice president and general manager of MTV MTV in full Music Television U.S. cable television network, established in 1980 to present videos of musicians and singers performing new rock music. MTV won a wide following among rock-music fans worldwide and greatly affected the popular-music business. and VH1. "CNET Networks is known for building world class brands for people and the things they are passionate about. It's been an honor to work with Shelby as we have grown the company from its technology roots and moved into new categories like Entertainment, Food and Parenting," said Neil Ashe. "CNET Networks is a different kind of media company and we are committed to continuing to be pioneers in interactive content. We have been and will be innovators, and together with my colleagues worldwide, I am confident about what we can accomplish. Innovation is part of our DNA DNA: see nucleic acid. DNA or deoxyribonucleic acid One of two types of nucleic acid (the other is RNA); a complex organic compound found in all living cells and many viruses. It is the chemical substance of genes. and will be fundamental to our success moving forward." Jarl Mohn, the newly appointed chairman of the Board, said, "Neil has been instrumental in CNET Networks' growth and success over the past few years both as head of corporate strategy and development and through the operation of several business units. This announcement marks the successful completion of the Board's succession planning Management Succession Planning In organizational development, succession planning is the process of identifying and preparing suitable employees through mentoring, training and job rotation, to replace key players — such as the chief executive officer (CEO) — started more than 18 months ago. Neil's broad-based expertise in all facets of the business, together with his outstanding management and leadership skills, are valuable assets that will serve our company well as we continue to expand CNET Networks." "I am confident under Neil's leadership CNET Networks will continue to play an important role in the evolving media landscape" said Shelby Bonnie. "He will build upon the company's legacy and take it to new heights." Since joining CNET Networks in 2002, Mr. Ashe has led the company's content expansion strategy, including numerous acquisitions to develop its existing products and expand into new categories which attract new audience and customer segments. His day-to-day responsibility for the Community and Lifestyle, International, Channel, and Business divisions has resulted in new product development, audience growth and revenue streams for the company. Prior to joining CNET Networks, Mr. Ashe founded and served as chief executive officer of several start-up companies and held senior positions in private equity and investment banking. Mr. Ashe holds an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration from Harvard Business School Harvard Business School, officially named the Harvard Business School: George F. Baker Foundation, and also known as HBS, is one of the graduate schools of Harvard University. and a BS from Georgetown University Georgetown University, in the Georgetown section of Washington, D.C.; Jesuit; coeducational; founded 1789 by John Carroll, chartered 1815, inc. 1844. Its law and medical schools are noteworthy, and its archives are especially rich in letters and manuscripts by and . (The Company issued a separate release today with findings of the Special Committee of its Board of Directors on the Company's options granting practices and procedures to the Board of Directors. In addition, the Company also issued a press release today announcing that it has modified and extended its solicitation of consents from holders of its 0.75% Senior Convertible Notes due 2024 and updated its third quarter and full year guidance.) About CNET Networks, Inc. CNET Networks, Inc. (Nasdaq: CNET, www.cnetnetworks.com) is an interactive media company that builds brands for people and the things they are passionate about, such as gaming, music, entertainment, technology, business, food, and parenting. The company's leading brands include CNET, GameSpot, TV.com, MP3.com, Webshots, CHOW, ZDNet and TechRepublic. Founded in 1993, CNET Networks has a strong presence in the US, Asia and Europe. |
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