In its second-largest acquisition, Amazon buys the company for $970 million.
The new board members are Tim Laudenbach, credit risk manager at BestBuy.com, and Karl Hebert, director of the Global Commerce Group at Microsoft. Five others were named to advisory positions at the trade association focused on fighting online fraud.
The Merchant Risk Council, an industry group focused on fighting online fraud, has named two new board members and five new advisors.
Tim Laudenbach, credit risk manager at BestBuy.com, and Karl Hebert, director of the Global Commerce Group at Microsoft, were named to the council’s nine-member board of directors.
Newly elected as advisors were David Gee, director of finance and administration at Blizzard Entertainment; Jerett Sauer, director of loss prevention at Gap Direct; Michael O’Connor, director of e-commerce and risk operations at Neopets/MTV Networks; Monica Zaborac, treasury director at T-Mobile USA; and Ori Eisen, CEO of The 41st Parameter. With their appointments, there are now eight advisors to the council.
“The MRC Board represents an impressive group of brands and we will benefit from the skills and perspectives the new members will bring, adding to the board’s strength and consistency,” says Tom Sullivan, MRC board chair and senior director, Global Payments & Risk, at Expedia Inc. “The combined expertise will help lead the organization to fulfill our mission of fostering a safe e-commerce environment and make the Internet the preferred place to shop and do business. To meet an aggressive five-year strategy, the MRC needed to expand the types of companies represented on the Board and reflect the knowledge and experience of our various members.”