Rosetta Stone Appoints eBay Executive Steve Yankovich to Board of
Directors
Accomplished Entrepreneur and Innovator brings deep mobile expertise and
innovative thinking to Rosetta Stone
ARLINGTON, Va.-October 7, 2014-Rosetta Stone Inc. RST, the
world's leading provider of education technology and language-learning
solutions, today announced the appointment of Steve Yankovich to its
Board of Directors. It is the first of three additions to the board the
company expects to make by the end of the year as it seeks to strengthen
its oversight in the areas of product technology, digital marketing, and
business model transformation.
Yankovich is Vice President of Innovation & New Ventures at eBay, the
global commerce platform and payments leader, where he leads the
company's explorations into innovative approaches to connecting
consumers with retailers, merchants and sellers around the world.
"Steve's extensive experience as a mobile innovator and technology
entrepreneur will undoubtedly enhance the strength of the Board," said
Steve Swad, President and CEO of Rosetta Stone. "He has a long and
impressive track record of delivering efficient solutions for companies
that take an integrated approach to serving the Consumer and B2B
markets. Steve has proven that he can bring an entrepreneurial spirit to
problem-solving within a larger company structure to deliver impressive
results. He has been a high-energy change-agent throughout his career
and I'm looking forward to incorporating his perspective into the
ongoing transformation and expansion of Rosetta Stone's business."
Yankovich joined eBay in 2009 as its head of the Mobile division, with
responsibility for product and business development across the IOS and
Android mobile ecosytems. While at eBay, Yankovich played an
instrumental role in growing eBay's annual mobile commerce volume to $13
billion in 2012, and spearheaded the company's acquisitions of Red Laser
and Critical Path Software. Prior to joining eBay, he was the
'Entrepreneur in Residence' at Adobe, and served as Chief Technology
Officer at Movaris, a B2B mobile company he founded in 1998.
Yankovich is a board member of PayPal's Giving Fund and serves as an
advisor to Appcelerator and Relay Ventures.
"Rosetta Stone is in the midst of a fascinating transformation, and I'm
excited to be joining the board of directors at this time," said
Yankovich. "The company's migration to digital and mobile solutions is
in full swing on the Consumer side, and its SaaS-based Enterprise &
Education business vertical has become a real growth engine. I'm eager
to provide input and oversight as a board member as the company
continues its efforts to fulfill the promise of the Rosetta Stone
brand."
With Yankovich's election, the Rosetta Stone board now consists of seven
members, of whom six are independent directors. With one of the next
appointments, the company plans to place an even greater emphasis on
bolstering the investor perspective of its board.
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