Former eBay Financial Exec Will Play Leading Role in Mapping Financial and Growth Strategy SANTA CLARA, Calif., Aug. 25
SANTA CLARA, Calif., Aug. 25 /PRNewswire/ -- VUDU, a leading provider of
digital technologies and services that deliver Internet entertainment to
consumers' HDTVs and Home Theaters, today announced that former eBay financial
executive Chris Watts will join the company as Chief Financial Officer.
"Chris is going to play a critical role in developing financial strategies
as we extend our retail presence, deepen relationships with AV resellers
across the country, and expand the functionality of VUDU's e-commerce
platform," said Mark Jung, CEO of VUDU. "Chris brings deep experience in
translating business strategy into financial and operating plans and that will
be immensely valuable to our company going forward."
At VUDU, Watts will oversee all finance and accounting operations, along
with human resources, legal and administrative functions. He brings 15 years
financial management and consulting experience, most recently as divisional
CFO for eBay's North America marketplaces, including eBay.com, StubHub,
Shopping.com, and Rent.com. In that role, Watts drove revenue growth and
operating margin expansion through a combination of efficient distribution and
customer acquisition, product diversification and pricing optimization.
Watts also spent four years growing eBay's international portfolio. During
this period he launched new businesses in Asia and was instrumental in driving
the growth of key businesses in Europe, including eBay's highly successful
franchise in the UK. Watts also previously held management positions at
Commerce One, an early entrant and innovator in the electronic marketplace
segment. He was also a Consulting Manager at PricewaterhouseCoopers.
"This is a tremendous opportunity to play a leadership role at a company
that is truly defining innovation in this exciting new category of digital
content delivery," Watts said. "This is an outstanding management team and I'm
honored to be a part of it."
Watts holds a MBA from the Stanford Graduate School of Business and a BA,
Economics, from Stanford University.
About VUDU
VUDU is a leading provider of digital technologies and services that
deliver Internet entertainment to consumers' HDTVs and Home Theaters. VUDU's
first product, the VBX100, is a 1080p Internet Movie Player designed to
deliver over 10,000 on-demand movies and TV shows directly to HDTVs. The
VBX100 supports native HD movies and automatically upscales standard
resolution movies. Thus, all movies are displayed in 1080p resolution at 24
frames per second, the cinematic gold standard.
Through relationships with every major US movie studio and more than 25
independent studios and distributors, VUDU offers a vast array of on-demand
choices at the highest quality. The VUDU collection is constantly updated, and
newly released movies from major studios are available on the same day as the
DVD is released. Consumers can finally watch great movies without the hassles
associated with traditional services - no driving, no mailing, and no monthly
fee.
SOURCE VUDU
