SAN FRANCISCO, June 11 /PRNewswire/ --
MarketWatch.com, Inc. (Nasdaq: MKTW), the Internet's leading source of
financial news and information, announced today that the company has elected
Jeffrey F. Rayport, Chief Executive Officer of Marketspace LLC, a Monitor
Group company, and Jonathan P. May, Senior Vice President of Corporate
Development for Triarc Companies, Inc., to its board of directors.
"We are pleased to welcome Jeffrey Rayport and Jonathan May to our board,
and we look forward to drawing on their vast and successful experience as we
guide MarketWatch.com going forward," said Larry Kramer, Chairman and CEO of
MarketWatch.com.
Jeffrey F. Rayport heads Marketspace LLC, a research, media, and advisory
unit of Monitor Group, the Cambridge, MA-based strategy services firm.
Previously a faculty member at the Harvard Business School, his research
focuses on the impact of new information technologies on service management
and marketing strategies, especially in information-based and
knowledge-intensive industries.
Rayport developed and taught the first e-commerce course among the
top-tier business schools in the United States. Established in 1995, his
course Managing Marketspace Businesses is an HBS elective on
technology-enabled service channels that has enrolled more than a thousand
students and for which he developed over 100 case studies. Business plans
developed by students resulted in a wide array of Internet start-ups,
including Yahoo!
"As a faculty member at the Harvard Business School, I had the privilege
of developing and teaching a business case study in both MBA and executive
programs on MarketWatch.com's consumer destination site, CBS MarketWatch.com,"
said Dr. Rayport. "This exposure to the company has given me a deep
appreciation and genuine interest in the extraordinary future potential of
this media organization."
Jonathan P. May is Senior Vice President, Corporate Development of
Triarc Companies, Inc., a holding company, and through its subsidiaries, the
franchisor of the Arby's restaurant system. Mr. May is also the Chairman of
Triarc Restaurant Group, Inc., Triarc's principal subsidiary.
Before joining the Triarc corporate office, Mr. May was CEO of
Triarc Restaurant Group from July 1999 through January 2001. He joined Triarc
Restaurant Group in 1995 as Vice President, Worldwide Planning. In August
1996, he moved into an operations role as Vice President, Concept Development.
He held this position until becoming CEO in July 1999.
"MarketWatch.com is a company with incredible potential," said Mr. May.
"Joining the board will give me the opportunity to contribute my branding and
operating experience to the company's multiple media channels."
About MarketWatch.com, Inc.
MarketWatch.com, Inc., a leading financial media company, is the number
one financial news and information source on the Internet. Founded in 1997,
MarketWatch.com operates three web sites: cbs.marketwatch.com, bigcharts.com,
and U.K.- based ftmarketwatch.com. In addition to offering top-notch
financial reporting and investment tools on its web sites, MarketWatch.com
licenses a wide array of content and tools in custom-designed formats for
brokerages and other online businesses. The Company also produces the
syndicated CBS MarketWatch Weekend program, airs financial reports over CBS
Network Television, and provides updates every 30 minutes on the
MarketWatch.com Radio Network. Editorial content from cbs.marketwatch.com is
distributed in major newspapers and wireless networks.
SOURCE MarketWatch.com, Inc.
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Related links:
http://cbs.marketwatch.com
CONTACT:
Dan Silmore of MarketWatch.com, Inc.,
415-733-0582, or dsilmore@marketwatch.com; or Elizabeth Ames of
BOLDE Communications, 212-727-1680, or eames@boldepr.com, for
MarketWatch.com, Inc.
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