Scott Thompson, Yahoo!’s former CEO who resigned from that job a week after allegations emerged that he had added a fake computer science degree to his official biography, has landed a new CEO role – this time at shopping network ShopRunner.
Thompson resigned from Yahoo! in May after only five months as its CEO, citing “personal reasons”, to be replaced in the interim by Ross Levinsohn. Just last week, Yahoo! announced it had appointed former Google executive Marissa Mayer as its new CEO.
ShopRunner, which allows retailers to offer shopping services to members, said Thompson joins the company while it is enjoying fast growth and added it is "the ideal time to bring on a new leader to further accelerate the company’s expansion”.
“Joining ShopRunner is a tremendous opportunity to build on the strong foundation that the company has already established,” said Thompson, who previously worked as PayPal’s president and ran eBay’s payments unit.
“While PayPal and ShopRunner are fundamentally different businesses, there are similarities in each of their success. Both companies are focused on building the broadest network of satisfied merchants by providing the value that creates a large and loyal customer community, creating a virtuous circle.”
Michael Rubin, CEO of Kynetic, a majority shareholder of ShopRunner said Thompson’s “deep understanding of online businesses combined with his team building, operational capabilities, and focus on product will allow ShopRunner to realise its ultimate potential”.
Current CEO and co-founder Mike Golden will remain at ShopRunner as its president.
ShopRunner is based in based in Menlo Park, California.