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Former Yahoo! CEO is Now the New Boss of ShopRunner

On Monday, ShopRunner announced that Scott Thompson is now its Chief Executive Officer. Previously Thompson served as the CEO and board member of Yahoo, but was shown the door after it was discovered that he essentially "lied" on his resume.

Thompson took the role of CEO back in January 2012, replacing Carol Bartz. Prior to that, he served as President at PayPal. It was his PayPal bio that sparked the controversy, claiming that he had a computer science degree from Stonehill College while in fact he only had an accounting degree. The bio was carried over to Yahoo where the inaccuracies were discovered by one of Yahoo's shareholders.

Once Thompson was outed, former Yahoo EVP Ross Levinsohn took over as interim CEO. Then last week, the company announced that the stunning Marissa Mayer would be the new CEO, formerly one of Google's first 20 employees, and its very first female engineer. Her Google job titles have included Product Manger, Director of Consumer Web Services, VP of Search Products & User Experience, and VP of Local, Maps & Location Services.

As for ShopRunner, it's defined as a "leading shopping network of merchants joined together to deliver powerful multi-channel shopping services for consumers." The company is betting on Thompson's PayPal experience to "further accelerate the company’s expansion." Thompson actually joined the ShopRunner board of directors during his tenure with PayPal.

"Scott and Michael Rubin had worked together for a number of years, and Michael and I took him through the idea of ShopRunner early on. He had an immediate understanding of the potential impact of ShopRunner for consumers and retailers. During his tenure as PayPal’s President, Scott joined the ShopRunner board of directors and we got to see firsthand how much value Scott could add to our business. Michael and I both felt he would be the perfect long-term CEO. We are thrilled that Scott has taken us up on our offer to lead ShopRunner’s continued growth," said Mike Golden.

Golden, the current CEO and co-founder, will continue with the company as its president, ShopRunner said.

"Joining ShopRunner is a tremendous opportunity to build on the strong foundation that the company has already established," said Thompson. "While PayPal and ShopRunner are fundamentally different businesses, there are similarities in each of their success. Both companies are focused on building the broadest network of satisfied merchants by providing the value that creates a large and loyal customer community, creating a virtuous circle."

Prior to PayPal, Thompson held executive positions with Inovant, a subsidiary of Visa, Barclays Global Investors and Coopers and Lybrand.

 

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