Tuesday, April 19, 2011

LookSmart Ltd. (LOOK) Appoints Scott Kauffman to Board of Directors

LookSmart, Ltd. announced the appointment of Scott Kauffman to its board of directors. Kauffman is also currently the Chairman of several internet-based venture-backed companies such as TuneUp Media, MetaChannels, Lotarme, and Minibox.

Based in San Francisco, California, LookSmart is an online search advertising network solutions company for search advertisers and online publishers. LookSmart offers search advertising via its Advertiser Network and an Ad Center platform for online publishers.

Kauffman is a business veteran of 25 years, with senior executive and board leadership experience in public and private companies, having spent a large amount of time in the internet media sector, notably with digital entertainment and consumer marketing. Kauffman served as president and CEO of Geeknet, shortly after Yahoo! acquired BlueLithium, where he was then serving as President and COO. Geeknet (NASDAQ: GKNT) is the parent company of such popular niche websites as SourceForge, Slashdot and ThinkGeek.

“We are incredibly excited about Scott joining our board,” said Jean-Yves Dexmier, Executive Chairman of the Board and CEO of LookSmart. “He brings a wealth of experience and leadership, and we expect his insight and guidance to be highly valuable to LookSmart as we continue to develop the highest quality search network in the industry. I look forward to working closely with him.”

Kauffman commented, “The more time I spend with LookSmart, the more impressed I am with their ability to meet the evolving needs and demands of the search industry. It’s clear that their commitment to quality and performance have cemented them as one of the most consistent and reliable ad networks in the space. I firmly believe that their new performance based pricing offerings will elevate their status even further, and I’m thrilled to be joining the board at such an exciting time in the company’s development.”

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