Digital River 2002 Annual Report Download - page 17

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11
Executive Officers
The following table sets forth information regarding our executive officers as of December 31, 2002:
Name Age Position
Joel A. Ronning 46 Chief Executive Officer and member of the Office of the President
Jay A. Kerutis 43 President, Software and Digital Commerce Services Division and member of the Office of the
President
Carter D. Hicks 56 Chief Financial Officer
Gary V. Howorka 44 Chief Technology Officer
Mr. Ronning founded the Company in February 1994 and has been Chief Executive Officer and a director of the Company since that time. In
February 2001, Mr. Ronning was elected to the Office of the President. From February 1994 to July 1998, Mr. Ronning was also President of
the Company. From May 1995 to December 1999, Mr. Ronning served as Chairman of the Board of Directors of Tech Squared, Inc., a direct
catalog marketer of software and hardware products. From May 1995 to July 1998, Mr. Ronning served as Chief Executive Officer, Chief
Financial Officer and Secretary of Tech Squared. From May 1995 to August 1996, Mr. Ronning also served as President of Tech Squared.
Mr. Ronning founded MacUSA, Inc., formerly a wholly-owned subsidiary of Tech Squared, and served as a director of MacUSA, Inc. from
April 1990 to December 1999. From April 1990 to July 1998, Mr. Ronning also served as the Chief Executive Officer of MacUSA, Inc.
Mr. Kerutis joined the Company in February 1999 as Vice President of Sales, served as Executive Vice President, Software and Digital
Commerce Services Division from January 2000 to December 2000 and has been President, Software and Digital Commerce Services Division
since December 2000. In February 2001, Mr. Kerutis was elected to the Office of the President. From March 1997 to February 1999,
Mr. Kerutis was Vice President—Retail Channel for Merisel Americas, Inc., a computer distributor. From April 1995 to March 1997,
Mr. Kerutis was Vice President—Sales and Marketing for New Media Corporation, a manufacturer of PC cards for notebook computers.
Mr. Hicks joined the Company in November 2000 as Senior Vice President - SDCS Operations. He was elected Chief Financial Officer in April
2002. From August 1997 to August 2000, Mr. Hicks served as the Chief Financial Officer of Oppenheimer, Wolff & Donnelly LLP, an
international, full service law firm. Prior to this time, Mr. Hicks held various senior financial positions in large corporations in the computer
distribution and food industries. Mr. Hicks was formerly a partner of Peat, Marwick, Mitchell & Co. (now, KPMG LLP).
Dr. Howorka joined the Company in June of 2000 as Chief Technology Officer. From May 1999 to June 2000, Dr. Howorka held several key
roles at Ernst & Young LLP, an international accounting and consulting organization, most recently as IBM E-Business Practice Director. From
January 1999 to May 1999, Dr. Howorka served as Chief Technology Officer of Zonetrader.com, a business-to-business e-commerce asset
recovery organization. From May 1995 to October 1998, Dr. Howorka co-founded and served as Executive Vice President of Feedback Plus,
Inc., a survey software and services company.