Digital River Inc Announces Management Change-Form 8-K


Monday, 25 Mar 2013 04:03pm EDT 

Digital River Inc reported in its Form 8-K that on March 21, 2013, Digital River, Inc. (Company) and Thomas M. Donnelly, its President, entered into a Transition and Separation Agreement. Mr. Donnelly is leaving the Company, effective April 30, 2013, to pursue other interests. Mr. Donnelly was considered in the Company’s search for a permanent Chief Executive Officer (CEO) and was the internal candidate for the position. On February 28, 2013, the Company announced the selection of an external candidate for the position - David C. Dobson. Mr. Dobson will assume Mr. Donnelly’s responsibilities. 

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