March 01, 2010
Nextag Names Jeffrey G. Katz Chief Executive OfficerSeasoned CEO Brings Exceptional Track Record of Building Value at Online Consumer Product and Services Companies
San Mateo, CA, March 01, 2010 - Nextag®, the leading comparison shopping website for products and services, announced today that it has named Jeffrey G. Katz as Chief Executive Officer. Mr. Katz most recently served as Chairman, President and CEO of LeapFrog Enterprises, Inc., where he led the successful expansion of the company's online education product line and significant growth in the company's installed base. Previously, Mr. Katz was Chairman and Founding CEO of Orbitz, Inc., a leading online travel company. He also previously was President and CEO of Swissair and served as President of the SABRE division of American Airlines.
"Jeff brings an exceptional track record growing and creating value at a wide array of significant online consumer product and services companies," said Purnendu Ojha, Co-founder and Chairman of the Board of Directors. "His appointment is an important step in our plans to bolster our team after the investment from Providence Equity Partners and my decision to retire as President and CEO. The entire Board looks forward to working with Jeff in the years ahead."
"Nextag is a clear leader in comparison shopping with a talented employee base and an impressive array of technology capabilities," said Mr. Katz. "I am excited to have the opportunity to work with Scott Simmons, Nextag's President, the entire Nextag team, and our merchant and traffic partners to implement what seems a clear path for profitable growth in the U.S. and abroad in the years ahead."
"Nextag is one of the most significant private Internet companies operating today with a large worldwide user base and strong market position," said Al Dobron, a Managing Director of Providence and a Nextag Director. "Jeff is an excellent addition to the Nextag team and the ideal CEO to lead the company forward. His proven expertise will be invaluable, and he shares the company's longstanding commitment to innovation and to providing an unparalleled quality of service. We look forward to working with him as we continue to build value over the long-term at Nextag."
Starting in 2006, Mr. Katz served as President and CEO of LeapFrog, a designer, developer, and marketer of innovative, technology-based learning products and related proprietary content. In March 2009, he became Chairman of the company. From 2000 through 2004, he was the Chairman and Founding CEO of Orbitz Inc., the online travel company. Under Mr. Katz's leadership, Orbitz grew quickly in scale to be among the top three online travel sites, with over $4 billion in gross sales. From 1997 to 2000, he was President and Chief Executive Officer of Swissair, a publicly held airline. From 1980 to 1997, he served in a variety of roles at American Airlines, including positions in finance, pricing and sales, before being named Vice President of American Airlines and President of the Computerized Reservation System Division of SABRE.
Mr. Katz received a B.S. in mechanical engineering from the University of California, Davis, and holds M.S. degrees from both Stanford University and the Massachusetts Institute of Technology. Prior to their merger with Delta Airlines, Mr. Katz served on the board of directors of Northwest Airlines. He also previously served on the board of City of Hope National Cancer Research Institute.
Nextag is the leading comparison shopping site for products, education, financial services, travel, and more. At the core of Nextag are proprietary technologies and algorithms that enable shoppers to quickly compare prices and find great deals on millions of products and services. More than 30 million people per month use Nextag to research, compare, and save on products and services online. Nextag has been named one of the "50 Best Websites 2008" by TIME magazine. The company operates comparison shopping sites in the US (www.nextag.com), the UK (www.nextag.co.uk), France (www.nextag.fr), and Germany (www.nextag.de). Nextag is headquartered in San Mateo, California with offices in London and Gurgaon, India.