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Joel A. Ronning, Chief Executive Officer
Joel Ronning is founder, chairman of the board of directors and chief executive officer of Digital River, Inc. Ronning launched Digital River in 1994 with a vision to use the Internet instead of mail to deliver software. A decade later, Ronning has established Digital River as a profitable, global leader in e-commerce outsourcing and has grown the company beyond its core market of software publishers to include online retailers, distributors and manufacturers.
With numerous international data centers that support a multi-million dollar e-commerce infrastructure, today, Digital River builds and manages global online businesses for tens of thousands of companies. Under Ronning’s leadership, Digital River has created a strong market position not only as an e-commerce expert but also as an e-marketing specialist, focused on helping its clients acquire customers and grow online revenues. In 2005, the company expects to handle in excess of hundreds of millions of dollars in gross online sales on behalf of its clients.
Prior to founding Digital River, Ronning successfully launched two other Minnesota companies, where he held executive positions. During his career, he has produced seven patents in encryption technology and digital delivery.
Thomas Donnelly , Chief Financial Officer
Donnelly is Digital River’s chief financial officer. Within this role, he is responsible for worldwide finance, human resources, investor relations and legal matters. Prior to his promotion to CFO, he served as the company’s treasurer and vice president of finance. In this position Donnelly’s responsibilities included effectively managing the cash, payment processing, foreign exchange and financial analysis and planning for the company. Donnelly brings more than 20 years of experience in challenging finance and operational roles, primarily in the high technology industry.
Prior to joining Digital River, Donnelly served as the chief financial officer and chief operating officer of Net Perceptions, Inc. Prior to Net Perceptions, Donnelly served in senior operating or transaction-related positions at several high tech corporations.
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