Press Releases
TheLadders.com Adds to Management Team Strength; Names Robert R. Price From Buy.com as CFO
Price Brings Over 30 Years of Financial Experience to the Fast Growing Company <BackNEW YORK (October 30, 2006) - TheLadders.com, the world's leading online service for $100k+ jobs, today announced that Robert R. Price has joined the company as Chief Financial Officer. Price will be a key contributor in the strategic growth and development of the company, leveraging his extensive financial expertise to provide fiscal leadership and insight, enabling TheLadders.com to continue to expand at a rapid pace.
Price, formerly the CFO at Buy.com, brings over 30 years of experience in strategic planning, corporate finance, accounting, and investor relations, and has successfully led the financial operations for both public and private companies. He has overseen the development of multiple businesses in varying stages of growth, ranging from start-ups to established corporations expanding internationally.
"Rob is one of those rare executives who has successfully navigated the start-up landscape and has also thrived as a leader in companies with revenue in the hundreds of millions," said Marc Cenedella, president and CEO of TheLadders.com. "His ability to manage an organization at any stage of its development is a major asset. We'll tap into his expertise as TheLadders.com continues to undergo fantastic growth."
Price was responsible for Buy.com's overall financial strategy, corporate planning and controls, human resources and investor relations. In 2001, he successfully led the e-commerce company's restructuring and strategic initiative to move from public to private ownership. Since then, he played a key role in this $400 million company's development, overseeing and refining its business model and positioning it for growth and profitability.
Prior to joining Buy.com, Price spent five years in several key leadership roles at PairGain Technologies, Inc., a publicly held telecommunications equipment manufacturer. As Senior Vice President and Chief Financial Officer, he was directly involved in the company's merger with ADC Telecommunications, a transaction valued at $2.9 billion, and the sale of the company's micro electronics group to Globespan, a transaction valued at more than $300 million. As PairGain's Vice President and Corporate Controller, Price lead the development of its financial reporting, accounting and control processes and systems, and helped to establish the company's subsidiaries in Brazil and Switzerland, as well as representative offices in Hong Kong and China.Before PairGain, Price served as Corporate Controller at Triconex Corporation, a newly public company, leading the implementation of the processes and controls necessary to meet the requirements of a public company's financial reporting and accounting operations. Price was also directly involved in Triconex's M&A activities and helped to establish subsidiaries in Singapore and the U.K. as well as a representative office in Dubai. Price previously spent eight years in financial management roles at publicly and privately held companies, and 10 years in public accounting, both as an auditor and tax consultant.
"TheLadders.com has, by far, one of the most attractive business models in its space," said Price. "The company is poised for incredible growth and I'm excited to be joining the management team and play an important role in helping to establish the strategy to allow the company to achieve even greater financial success."
About TheLadders.comHeadquartered in New York, TheLadders.com, Inc. is a privately held company offering online job search services to recruiters and job seekers in the $100k+ employment market. Ex-HotJobs.com executive Marc Cenedella founded TheLadders.com in 2003 to address the unique job seeking and recruiting requirements in this market sector. Investors include leading venture capital firm Matrix Partners and prominent private investors such as Kevin Ryan, CEO, DoubleClick, Tom Matlack, Megunticook Management, and Robert Chefitz, NJTC Venture Fund.
In addition to its primary member-based site, the Company operates vertical job search Web sites for sales, marketing, finance, human resources, law, technology, and operations. All sites feature daily job updates as well as industry-specific weekly e-newsletters. For corporate and executive recruiters, TheLadders.com delivers the same highly personalized experience. TheLadders for Recruiters (www.recruitladder.com) enables them to easily post $100k+ job openings at no charge. The Company further differentiates itself from other online job boards that fall prey to fraudulent job postings by implementing human mediated search, ensuring all job postings are fully qualified before being published to members.
More information about TheLadders.com can be accessed at www.theladders.com.
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Media Contacts
Maria Schiller
TheLadders.com
646-453-1913
maria.schiller@theladders.com