Ancestry.com Elects Facebook's Mike Schroepfer to Board of Directors
January 20 2011 - 9:00AM
Ancestry.com Inc. (Nasdaq:ACOM), the world's largest online family
history resource, today announced the addition of Mike Schroepfer
to its board of directors. Schroepfer, currently Vice President of
Engineering at Facebook, becomes Ancestry.com's eighth director and
increases the independent majority on the Board. He has been
appointed as a Class II director and will stand for re-election at
the next annual stockholder meeting.
"I'm incredibly pleased to welcome Mike Schroepfer to our
board," said Tim Sullivan, Chief Executive Officer of
Ancestry.com. "As the senior engineer for one the world's
great internet product and technology platforms, Mike can help us
as we seek to make our service even more amazing and useful for
anyone interested in who they are and where they came from."
"Ancestry.com has built a wonderful product and a great
business," said Mike Schroepfer. "I'm excited to join the
board at a time when the company has such an opportunity to further
build out its product experience. I look forward to working
with the board and Ancestry.com's management team as the company
pursues its unique mission."
As Vice President of Engineering at Facebook, Schroepfer leads
the company's engineers who write the code used by hundreds of
millions of people each day. Before Facebook, Mike was the
Vice President of Engineering at Mozilla Corporation, where he led
the global and open product development process behind Firefox.
He was formerly a distinguished engineer at Sun Microsystems,
which acquired his company, CenterRun. He began his career working
at various start-ups including a digital-effects software company,
where software that he built was used in several major motion
pictures. Schroepfer holds a bachelor's degree and a master's
degree in computer science from Stanford University and has filed
two U.S. patents.
About Ancestry.com
Ancestry.com Inc. (Nasdaq:ACOM) is the world's largest online
family history resource, with nearly 1.4 million paying
subscribers. More than 6 billion records have been added
to the site in the past 14 years. Ancestry users have
created more than 20 million family trees containing over
2 billion profiles. Ancestry.com has local Web sites
directed at nine countries that help people discover, preserve and
share their family history, including its flagship Web site at
www.ancestry.com.
Forward-looking Statements
This press release contains forward-looking statements.
These statements relate to future events or to future
financial performance and involve known and unknown risks,
uncertainties, and other factors that may cause our actual results,
levels of activity, performance, or achievements to be materially
different from those anticipated in these forward-looking
statements. In some cases, you can identify forward-looking
statements by the use of words such as "appears," "may,"
"designed," "expect," "intend," "focus," "seek," "anticipate,"
"believe," "estimate," "moving," "predict," "potential," "should,"
"continue" or "work" or the negative of these terms or other
comparable terminology. These statements include statements
describing our subscriber base, our reach, our activities to
enhance subscribers' experience, our activities to promote our
products, our business outlook, our leadership position, our
opportunities, our personnel and prospects for growth. These
forward-looking statements are based on information available to us
as of the date of this press release. Forward-looking
statements involve a number of risks and uncertainties that could
cause actual results to differ materially from those anticipated by
these forward-looking statements. Such risks and
uncertainties include a variety of factors, some of which are
beyond our control. In particular, such risks and
uncertainties include difficulties encountered in integrating
acquired businesses and retaining customers; failure of our
products or technologies to continue to meet customer demand; the
adverse impact of competitive product announcements; changes in
overall economic conditions; the loss or inability to attract key
employees; competitors' actions; pricing and gross margin
pressures; and the inability to control costs and expenses.
Information concerning additional factors that could cause
results to differ materially from those projected in the
forward-looking statements is contained under the caption "Risk
Factors" in our Quarterly Report on Form 10-Q for the quarterly
period ended September 30, 2010, and in discussions in other
of our SEC filings.
These forward-looking statements should not be relied upon as
representing our views as of any subsequent date and we assume no
obligation to publicly update or revise these forward-looking
statements for any reason, whether as a result of new information,
future events, or otherwise.
CONTACT: Investors:
Ancestry.com Inc.
Ryan Ostler
(801) 705-7942
rostler@ancestry.com
Media:
Ancestry.com Inc.
Heather Erickson
(801) 705-7104
herickson@ancestry.com
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