Internet Brands Names New CFO and New Director
LOS ANGELES--Aug. 2, 20055, 2005--Internet Brands, Inc., a leading operator of media and e-commerce sites for "large ticket" consumer purchases, today announced the addition of Stacey M. Peterson, a technology and Fortune 500 company finance executive, as its new chief financial officer. The company also named Martin R. Melone as a member of its board of directors. Both appointments are effective immediately."We welcome these outstanding people to our already strong leadership team," said Bob Brisco, president and CEO, Internet Brands. "Both Stacey and Marty bring deep skills and experience that will help us manage our continued growth and success."
Prior to joining Internet Brands, Ms. Peterson served as chief financial officer for TTM Technologies, a leading supplier of time-critical and technologically advanced printed circuit boards. From 1998 to 2000, Ms. Peterson served as business manager, ARCO Products Company at Atlantic Richfield Company. Prior to that time, Ms. Peterson served as chief financial officer, from 1996 to 1998, and controller, from 1995 to 1996, of PayPoint Business Unit of Atlantic Richfield Company. Ms. Peterson holds a Bachelor of Science in Applied Economics and Business Management from Cornell University and a Master of Business Administration from the University of Pennsylvania, the Wharton School.
Mr. Melone was a partner of Ernst & Young, LLP from 1975 to 2001, where he was responsible for global clients in a wide range of industries. He now serves on the board of directors of Countrywide Financial Corporation, where he is chairman of the audit and ethics committee. Mr. Melone also serves on the boards of directors of the California Science Center Foundation and Public Counsel Law Center. He is a member of the American Institute of Certified Public Accountants and the California Society of Certified Public Accountants.
About Internet Brands
Los Angeles-based Internet Brands (www.internetbrandsinc.com) is a leading operator of media and e-commerce sites for "large ticket" consumer purchases, such as cars and mortgages. The company empowers consumers to make better product choices and achieve lower-cost transactions by providing them with superior content and knowledge. With its award winning technology expertise and customer service, Internet Brands delivers superior consumer experiences. The company is a pioneer in online media with a flexible e-commerce platform. Internet Brands is selectively expanding into additional, high-value consumer markets where it can leverage its business and technology platforms.
The company's three automotive divisions, CarsDirect, Autos.com and Autodata Solutions offer industry-leading products and pricing information, new and pre-owned automobiles and related products and services.
Internet Brands recently extended its award-winning service and technology expertise to the home mortgage lending market with the launch of LoanStore.com, a full-service brokerage and the acquisition of well-known brands LoanApp.com and BestRate.com. LoanApp.com and BestRate.com provide easy-to-digest consumer information about mortgage terms and loan types. Internet Brands was founded in 1998 as CarsDirect and added the new parent company name of Internet Brands in June 2005.