Local Corporation Appoints Two New Board Members
June 10 2014 - 7:30AM
Business Wire
Strengthens Board with Experts in Digital
Marketing and IP Licensing
Local Corporation (NASDAQ:LOCM), a leading local advertising
technology company, today announced the appointment of David M.
Hughes, 45, and John M. Payne, 58, to its board of directors.
“David and John’s proven track records of strong leadership and
past success in building and leading digital technology companies
are a perfect complement to Local Corporation’s overall strategic
vision,” said Fred Thiel, Local Corporation chairman and chief
executive officer. “We welcome them to our board and look forward
to their valuable contributions to our continued growth and
success.”
David M. Hughes
Hughes brings 15 years of strategic executive leadership
experience with public and private companies. He is currently the
CEO of The Search Agency, a global digital marketing company that
provides integrated multi-channel online marketing strategies,
implementation and ongoing optimization to help partners grow their
businesses. In this role, Hughes is responsible for hands on
management of the company’s managed services and
software-as-a-service platform products.
Prior to joining The Search Agency in 2004, Hughes served as
senior vice president of corporate development for United Online,
Inc. He led all user acquisition programs, new products and
services for NetZero/Juno customers, broadband services,
development and implementation of search services and large
strategic relationships. Hughes also served as a management
consultant for the Boston Consulting Group and was an associate
with Mercer Management Consulting. Hughes is a graduate of Harvard
University’s Graduate School of Business Administration, where he
received a master’s of business administration and the Dean’s Award
for leadership. He also holds a bachelor of arts degree with honors
from the University of Western Ontario. He was previously president
and a board member of the 2,200-member Harvard Business School
Association Club of Southern California and currently serves as a
board member for Spark Networks (Lov), YPOLA, and The Huron
University College Foundation USA.
John M. Payne
Payne has 30 years of experience leading public and private
companies with a history of success in building or turning around
early stage software and technology companies. Payne is currently
the CEO of SimpleAir, Inc., an inventor-owned technology licensing
company with interests and intellectual property assets focused on
smartphones, wireless content delivery, mobile applications,
messaging and push notifications. He also serves as lead inventor
for all of the patents in the SimpleAir portfolio, covering more
than 12 patents in two product families. The SimpleAir patent
portfolio is widely licensed in the mobile industry by companies
that include Apple® for its Apple Push Notification.
Payne has served as CEO of more than 10 digital technology,
enterprise security and compliance companies, including Zumbox, the
leading provider of digital postal mail services; Breach Security,
Inc., an enterprise application security company; CircleUp, Inc.,
the leading group messaging platform for payments, wireless and
VOIP services; Preventsys, an enterprise regulatory compliance and
security risk management company, which was acquired by McAfee in
2010; and Airmedia, a wireless push technology company. Prior to
this, Payne was the CEO and founder of handheld start-up, Fingertip
Technologies, Inc., and Financial MicroSystems, Inc., a
provider of banking industry platform automation solutions. He also
served as the CEO of two public Internet companies, Stamps.com
(NASDAQ: STMP) and Day Software (SWX: DAYN). As CEO, Payne was
responsible for leading the successful IPO of Stamps.com and led
the turnaround of enterprise software company, Day Software, which
was recently acquired by Adobe. Payne is an experienced fundraiser
who has raised more than $550 million in public and private equity,
including more than $150 million in early stage venture capital
from well-known venture firms and strategic investors. He currently
serves as managing director for Outset Ventures, a start-up studio
that fosters the successful development of multiple companies by
providing guidance, resources and capital, and focuses on turning
valuable ideas into successful operating companies. Payne also
serves as an advisory board member for Digital Offering LLC and has
served on the boards of several private and public companies.
In conjunction with the appointment of Hughes and Payne, Heath
Clarke has resigned from the board effective immediately, but will
continue to provide consulting services to the company as
previously agreed.
Both Hughes and Payne will serve as Class III Directors. Hughes
will also serve on the company’s Audit Committee.
About Local Corporation
Local Corporation (NASDAQ:LOCM) is a leading local advertising
technology company that connects millions of online and mobile
consumers with businesses and products through a variety of
innovative digital advertising solutions. The company’s patented
Krillion® local shopping platform aggregates, localizes and
distributes dynamic, national and regional retail shopping content,
from approximately 120,000 store locations, representing nearly 3
million localized products. For more information, visit:
http://www.localcorporation.com or http://www.krillion.com. To
download the company’s iOS® 7-compatible Havvit™ shopping app, go
to: iTunes® (http://bit.ly/1d8Y111).
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Investor Relations Contact:LHAKirsten Chapman,
415-433-3777local@lhai.comorMedia Relations Contact:Local
CorporationCameron Triebwasser,
949-789-5223ctriebwasser@local.com
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