CFO Schulz Leaves Lawson for Digital River



Via News Release

MINNEAPOLIS – July 13, 2011Digital River, Inc. (NASDAQ: DRIV), a leading provider of global e-commerce solutions, today announced that its Board of Directors has appointed Stefan Schulz as CFO. Reporting directly to Joel Ronning, Digital River’s CEO, Schulz will be responsible for the company’s accounting, finance, tax and investor relations activities. Schulz is assuming the CFO position from Tom Donnelly, who was promoted to President of Digital River in March 2011.

“We are pleased to have Stefan join our leadership team,” said Joel Ronning, Digital River’s CEO. “Stefan is an experienced, results-oriented financial exetutive. He is a natural fit for our organization and brings tremendous value to our future growth plans.”  Schulz’s professional background includes more than 20 years of experience in finance-related activities. Schulz joins Digital River from Lawson Software, a global provider of enterprise software, where he most recently served as CFO.”

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