David Dobson will remain actively involved in the company as Vice Chairman of the Board of Directors
MINNEAPOLIS – July 10, 2018 – Digital River, Inc., a leading global provider of Commerce-as-a-Service solutions, announced today that its board of directors has named Adam Coyle, a leader with over 25 years of experience in the technology industry, as chief executive officer, effective immediately. Mr. Coyle succeeds David Dobson, who will transition from his role as chief executive officer to serve as vice chairman of Digital River’s board of directors.
Mr. Coyle has been a key member of Digital River’s board of directors since 2015, providing highly valuable strategic input, operational expertise and market insights. Moving from his role as an executive partner with Digital River’s investment partner, Siris Capital, Mr. Coyle joined Digital River’s executive management team as chief operating officer in June 2018, to oversee the execution of the company’s strategic initiatives, with particular focus on its product offerings.
Before Siris, Mr. Coyle was executive vice president of strategy and corporate development for Vantiv (now part of WorldPay), a role he assumed after serving as the president of one of Vantiv’s major subsidiaries, National Processing Company. Additionally, Mr. Coyle’s prior experience includes serving as operating partner at Advent International, a leading global private equity firm, and in a variety of senior leadership roles at First Data Corporation. He is a current director of Transaction Network Services and Intralinks, and a former director of FirstBank, Paymentech, NYCE and First Financial Bank.
“When David joined the company in 2013, his priority was to restructure the company to deliver consistent, profitable growth,” said Daniel Moloney, chairman of the Digital River board of directors. “Having achieved these goals, the board decided now was the right time to make this leadership transition. We look forward to Adam’s contributions in this new role, and to David’s ongoing involvement and guidance as vice chairman.”
Mr. Coyle stated, “I am honored to be appointed to this role during this exciting time at Digital River. There is substantial opportunity in the company, and I will focus on growing the business and creating opportunities for our employees, customers and partners. I look forward to working with Daniel, David and the entire leadership team as we execute on Digital River’s strategic imperatives to become the market leader in ecommerce enablement.”
Mr. Dobson commented: “It has been a privilege to serve Digital River for the last five years and I remain very excited about the future of our company. Since 2013, we have transformed into a more nimble and efficient organization and I know that Adam will continue to focus on executing our strategy. During this pivotal time, I will remain deeply involved in helping the company execute on its strategic priorities.”
About Digital River, Inc.
With nearly 25 years of industry experience, Digital River has mastered the ins and outs of global ecommerce. The company specializes in taking high-tech brands direct to their customers, whether they live around the corner or around the world.
Leading software and services, consumer electronics and digital game brands rely on Digital River’s advanced commerce cloud, monetization tools and global ecommerce solutions to market and sell their products online. From start to finish, Digital River makes it easy to manage storefronts, take orders, process payments, automate subscriptions and drive delivery. At the same time, the company works behind the scenes to handle fraud, billing, taxes and compliance, so businesses and consumers can shop with confidence and peace of mind.
Digital River is headquartered in Minneapolis with offices across the U.S., Asia, Europe and South America. For more details about Digital River, visit https://digitalriver.com.
Digital River is a registered trademark of Digital River, Inc. All other company and product names are trademarks, registrations or copyrights of their respective owners.
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