LeapFrog 2015 Annual Report Download - page 121

Ms. Rees’s leadership and experience in investing in, advising and building leading growth companies are
valuable to the Company as it seeks to continue to grow its business and broaden its portfolio with innovative
new product categories. In addition, Ms. Rees has deep connections across a wide range of industries,
including the technology and education industries, and access to thought leaders worldwide through her work
with Soda Rock Partners and the Aspen Institute. Ms. Rees is an independent director under Section 303A.02
of the NYSE listing standards.
Randy O. Rissman has served as a member of our board of directors since August 2011. Mr. Rissman is
currently managing director of Leo Capital Holdings, LLC, a venture capital firm he founded in 2000, which
makes early stage investments in technology and media-based companies focused on consumer Internet and
mobile applications. From 2005 to 2010, he was a director of 4Kids Entertainment, Inc., a publicly-held
licensing and television production company. In 2010, he served as director of GrubHub, Inc., a food delivery,
menu and online ordering company. From 1978 to 1998, Mr. Rissman served as Chief Executive Officer of
Tiger Electronics, Inc., an early pioneer of children’s electronic gaming he co-founded, which was sold to
Hasbro, Inc. in 1998. From 1998 until 2000, Mr. Rissman served as Chief Executive Officer of Tiger
Electronics, Ltd., a Hasbro company. Mr. Rissman currently serves on the board of several private companies
in which Leo Capital Holdings has made an investment. Mr. Rissman holds a bachelor’s degree from the
University of Michigan and an M.B.A. from the Harvard Business School. Mr. Rissman has served as the
Chair of our compensation committee since June 2012.
Mr. Rissman brings deep experience in manufacturing and marketing branded children’s products,
including 20 years’ experience as chief executive officer of Tiger Electronics, Inc. His long service within the
toy industry gives him extensive knowledge of and experience with business operations and strategy, including
strategic planning, compensation plans, and sales and marketing. Mr. Rissman is an independent director under
Section 303A.02 of the NYSE listing standards and he meets the heightened NYSE independence
requirements for members of the compensation committee. In addition, Mr. Rissman qualifies as a
‘‘non-employee director’’ within the meaning of Section 16 of the Exchange Act, and as an ‘‘outside’’ director
within the meaning of Section 162(m) of the Internal Revenue Code.
Caden C. Wang has served as a member of our board of directors since April 2005. From June 1999 until
his retirement in December 2001, Mr. Wang served as Executive Vice President and Chief Financial Officer of
LVMH Moët Hennessy Louis Vuitton S.A. Selective Retailing Group, which included various international
retail holdings such as DFS, Sephora and Miami Cruiseline Services. He also served as the Chief Financial
Officer for DFS Group Limited, a leading luxury retailer catering to the traveling public, Gump’s Corp., a
luxury home furnishings and home décor retailer, and Cost Plus, Inc., a chain of specialty import/retail stores.
From October 2003 until July 2014, Mr. Wang served on the board of directors of bebe stores, inc., a
publicly-held company that designs, develops and produces women’s apparel and accessories. He earned a
B.A. and an M.B.A. from the University of California, Los Angeles. Mr. Wang has served as a member of our
audit committee since 2005 and a member of our nominating and corporate governance committee since 2006
(and as the Chair since 2009). He also served as a member of our compensation committee from 2009 until
2011, and previously as a member and the Chair of our compensation committee from 2005 to 2006.
Mr. Wang has extensive accounting, financial reporting and finance experience, having served as the chief
financial officer of various private companies during his career and as the chair of the audit committee of a
public company. Mr. Wang’s experience as an executive officer of various consumer products and retail
companies and as a director of multiple public companies gives him broad-based experience in corporate
governance, compensation and financial matters currently faced by public consumer products companies. In
addition, Mr. Wang brings extensive knowledge of and experience with business operations and strategy from
his service with these companies, including international operations. He is a financial expert, as defined in
applicable SEC rules, based on his formal education and substantial experience in the field. Mr. Wang is an
independent director under Section 303A.02 of the NYSE listing standards and he qualifies as a
‘‘non-employee director’’ within the meaning of Section 16 of the Exchange Act, which permits him to serve
on the audit committee.
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