Online industry veteran bolsters Rosetta Stone Board
ARLINGTON, Va.--(BUSINESS WIRE)--Nov. 14, 2012--
Rosetta Stone Inc. (NYSE:RST), a leading provider of technology-based
language-learning solutions, announced today the appointment of James P.
Bankoff to the Company's Board of Directors. With Bankoff's election,
the Rosetta Stone board has expanded to eleven members, of which nine
are independent directors.
Rosetta Stone Appoints James P. Bankoff, Chairman and CEO of Vox Media, Inc., to Board of Directors (Photo: Business Wire)
Bankoff is chairman and CEO of Vox Media, Inc., the publisher of the SB
Nation family of sports communities, The Verge, a leading consumer
technology site, and Polygon, a site dedicated to covering the world of
games and the people who love them. He has served in this capacity since
January 2009. Immediately prior to joining Vox Media, Bankoff served as
a senior adviser with Providence Equity Partners, a leading private
equity firm focused on media and telecommunications. Prior to joining
Providence in 2008, he served as executive vice president of programming
and products at AOL. At AOL, Mr. Bankoff led the development of and/or
presided over AOL.com, TMZ.com, Moviefone, MapQuest, BloggingStocks, AOL
Music and Engadget. He also oversaw instant messaging services, AIM and
ICQ, and new social networking and community applications, including
Blogsmith and Netscape.com. Bankoff joined AOL in 1995 and held a number
of leadership positions, including president, AOL web properties;
president, Netscape; and vice president of strategy and operations, AOL
"Jim's extensive experience as an Internet innovator and leadership in
creating unique publishing brands will enhance the breadth and depth of
the Board,” said Steve Swad, CEO of Rosetta Stone. “His online industry
expertise and strategic focus will add immediate value as we expand our
product offerings, innovate our platform, refine our online strategy and
distribute our offerings through new partnerships."
Bankoff holds a Master of Business Administration from the Wharton
School of the University of Pennsylvania and a Bachelor of Arts from
About Rosetta Stone Inc.
Rosetta Stone Inc. provides cutting-edge interactive technology that is
changing the way the world learns languages. The company’s proprietary
learning techniques—acclaimed for their power to unlock the natural
language-learning ability in everyone—are used by schools, businesses,
government organizations and millions of individuals around the world.
Rosetta Stone offers courses in 30 languages, from the most commonly
spoken (like English, Spanish and Mandarin) to the less prominent
(including Swahili, Swedish and Tagalog). The company was founded in
1992 on the core beliefs that learning to speak a language should be a
natural and instinctive process, and that interactive technology can
activate the language immersion method powerfully for learners of any
age. Rosetta Stone is based in Arlington, VA., and has offices in
Harrisonburg, VA, Boulder, CO, Tokyo, Seoul, London, and Sao Paulo.
Rosetta Stone is a registered trademark of Rosetta Stone Ltd.
"Safe Harbor" Statement under the Private Securities Litigation Reform
Act of 1995: Statements in this press release regarding Rosetta Stone's
business which are not historical facts are "forward-looking statements"
that involve risks and uncertainties. For a discussion of such risks and
uncertainties, which could cause actual results to differ from those
contained in the forward-looking statements, see "Risk Factors" in the
Company's Annual Report or Form 10-K for the most recently ended fiscal
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20121114006060/en/
Source: Rosetta Stone Inc.
Rosetta Stone Inc.
Jonathan Mudd, 571-357-7148
Steve Somers, CFA