CNET Networks Appoints Gap Inc. Executive George Mazzotta Chief Financial Officer
July 14 2005 - 4:29PM
Business Wire
CNET Networks, Inc. (Nasdaq:CNET), a leading worldwide interactive
media company, today announced it has appointed George E. Mazzotta
as its Chief Financial Officer (CFO). Mazzotta, 45, joins the
company from Gap Inc., one of the world's largest specialty
retailers, where he most recently served as Senior Vice President,
Chief Operating Officer of International Gap Inc., and prior to
that, as Gap Inc.'s Senior Vice President, Finance. Mazzotta, who
will report to Shelby Bonnie, CNET Networks' Chairman and Chief
Executive Officer, will assume his duties as CFO on July 18.
"George will complement our executive team, and add valuable
perspective as we take the business to the next level," said
Bonnie. "His extensive experience working with strong
brand-oriented companies is an ideal skill set as CNET Networks
continues to expand its portfolio of leading brands." Mazzotta
joined Gap Inc. in 1997 and quickly climbed the ranks to his most
recent role as the Senior Vice President and Chief Operating
Officer of International Gap, which he assumed in June 2004. Prior
to this, as Senior Vice President of Finance, Mazzotta led the team
responsible for financial, strategic, and capital planning, as well
as corporate reporting, for Gap Inc. He also worked from 2000 to
2001 as CFO of Gap Inc.'s Banana Republic division. Before joining
Gap Inc., Mazzotta spent 10 years at Target Corporation, where he
worked in a variety of financial capacities. "I look forward to
joining this innovative and entrepreneurial company at such a
pivotal point in its development. Clearly there are major shifts
occurring in the media landscape and CNET Networks sits in a unique
position to capitalize on these trends," said Mazzotta. Mazzotta
received both his Bachelors of Business Administration and Master
of Business Administration degrees from Western Michigan University
in 1982 and 1984, respectively. He and his family live in Oakland,
CA. As announced earlier this year, Doug Woodrum, who has been CNET
Networks' Executive Vice President and CFO since 1997, will
transition away from his role to pursue other opportunities within
the company. Woodrum will have an instrumental role in the CFO
transition process. "As Doug redirects his skills toward other
areas of our business, we thank him for his service as CFO over the
past eight years," said Bonnie. "His significant contributions
throughout the many stages of the company's development have helped
place us on our current path of growth and profitability.
Throughout his tenure as CFO, he has demonstrated the highest level
of integrity and commitment, and we will all strive to maintain the
standards of excellence that he has set." About CNET Networks, Inc.
CNET Networks, Inc. is a worldwide media company and creator of
content environments for the interactive age. CNET Networks takes
pride in being "a different kind of media company," creating
richer, deeper interactive experiences by combining the wisdom and
passion of users, marketers and its own expert editors. CNET
Networks' leading brands -- such as CNET, GameSpot, MP3.com,
Webshots, and ZDNet -- focus on the personal technology,
entertainment, and business technology categories. The company has
a strong presence in the US, Asia and Europe.
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