Overstock.com Inc.’s board of directors has elected Barclay F. Corbus as an independent director and named him to the audit committee.
Corbus is co-CEO of WR Hambrecht + Co, an investment bank that has invested in high tech and Internet-oriented companies and been involved in taking a number of them public, including Overstock. Prior to joining WR Hambrecht + Co in March 1999, Corbus was in the investment banking group at Donaldson, Lufkin and Jenrette.
"Clay was one of the bankers that took us public using WR Hambrecht's auction process," says CEO Patrick Byrne. "In the years since then, I've valued his advice from the sideline and feel fortunate to have him on the board as a more active participant."
Corbus replaces Gordon Macklin, a board members since 1999, who died in February. He was chairman of Hambrecht and Quist Group, a venture capital and investment banking company, from 1987 until 1992.
Overstock’s Geoff Atkinson, chief of staff, will speak at Internet Retailer Conference & Exhibition, June 4-7 in San Jose in a workshop June 4 entitled E-mail Marketing: Being Persuasive, Not Offensive.
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