Former Yahoo! CEO Lands at ShopRunner
Former Yahoo! CEO Scott Thompson is now the CEO of ShopRunner, a service that hopes it can help retailers compete with Amazon Prime.
ShopRunner is a service that allows users, for $79/annually or $8.95/monthly, to pick up packages at retail store locations. Founded 22 months ago as an offshoot of GSI Commerce (the service was spun off last year when eBay bough GSI) now counts some very big names in the world of retail including Toys R Us, Petsmart, Lord & Taylor, GNC and Drugstore.com to name a few.
Thompson will likely focus on the growth of its partner roster, but will also need to oversee the expansion of its offerings for participating merchants, and its benefits to members - for example, Shoprunner will soon release a two-click checkout experience dubbed PayRunner, and ShopRunner PickupPoints, a service that gives members the option to have packages delivered to retail store locations.
“Joining ShopRunner is a tremendous opportunity to build on the strong foundation that the company has already established,” said Scott Thompson. “While PayPal and ShopRunner are fundamentally different businesses, there are similarities in each of their success. Both companies are focused on building the broadest network of satisfied merchants by providing the value that creates a large and loyal customer community, creating a virtuous circle.”
“Mike Golden has built a great foundation with ShopRunner and we both agreed that it is the perfect time to bring in Scott, who we have gotten to know extremely well over the past few years,” said Michael Rubin, CEO of Kynetic, a majority shareholder of ShopRunner. “Scott’s deep understanding of online businesses combined with his team building, operational capabilities, and focus on product will allow ShopRunner to realize its ultimate potential.”
ShopRunner will be expanding its offerings, both in its breadth of participating merchants, and its benefits to members, including PayRunner, a two-click checkout experience that makes it fast and convenient for ShopRunner members to purchase, and ShopRunner PickupPoints – a service that gives