REDWOOD CITY, Calif.–(BUSINESS WIRE)–Shutterfly, Inc. (NASDAQ:SFLY), the leading retailer and manufacturing platform dedicated to helping capture, preserve, and share life’s important moments, today announced the appointment of Ryan O’Hara as President and Chief Executive Officer, effective June 24, 2019. When Ryan joins the company, he will simultaneously be appointed to serve as a director on the Shutterfly Board of Directors.
Ryan is a seasoned executive with experience across a range of industries. He joins Shutterfly from Move Inc./Realtor.com where he led a successful turnaround of the business over more than four years as Chief Executive Officer, more than doubling traffic, conversion and revenue, while driving value creation. In his time with the company, he built a new senior management team, turbo-charged marketing through brand investment and multi-channel execution and drove digital product innovation across all platforms with a specific emphasis on mobile, all while growing businesses organically from the core.
Prior to Move Inc., Ryan served as President of Content, Distribution and Sales for The Madison Square Garden Company. During his tenure, he helped maximize growth and position a restructuring of the business. In addition, he led the national cable TV business and partner marketing and advertising sales, while developing and implementing an overall strategic vision to maximize the company’s technological capabilities.
Ryan also served as the CEO of The Topps Company, reinvigorating a portfolio of assets, driving international growth, and transforming the digital business through aggressive investment. Previously, he served as a top leader at Gemstar-TV Guide, successfully building and selling the company. He has also served in leadership positions across media companies including BSkyB and Fox Cable Networks, was a management consultant with PWC, and began his career in brand management for Nestle.
“We are thrilled to welcome Ryan to Shutterfly,” said William Lansing, Chairman of the Shutterfly Board of Directors. “Following the acquisition of Lifetouch last year, Shutterfly is poised to continue to deliver growth in all three divisions and achieve the opportunities afforded to us through the ongoing integration of Lifetouch. Ryan has a proven track record of driving transformation through profitable growth by building high performing teams, driving portfolio business transformation and invigorating brands.”
“In the search process, we were particularly drawn to Ryan’s accomplishments in both the digital and manufacturing space, both of which are key priorities for the continued growth of the Shutterfly business,” continued Lansing. “While at the helm of Topps, specifically, he amplified brand relevance while transforming the digital business and driving technology, design time compression and efficiency into expanded manufacturing capabilities. Additionally, Ryan has demonstrated a consistent ability to attract and engage talent and build teams.”
Ryan was a member of the public board of directors of REA Group, which owns and operates a number of leading property portals throughout 12 countries in Asia. He earned a Bachelor of Arts in Economics from Stanford University, and a Master of Business Administration from Harvard Business School.
“I couldn’t be more excited to join Shutterfly’s mission to help capture, preserve and share life’s important memories,” said O’Hara. “With a unique consumer value proposition and strong brand identity across both Lifetouch and Shutterfly, combined with world-class manufacturing capabilities and technological innovation, I’m thrilled to join this team and help drive the next chapter of growth.”
Current Shutterfly President and CEO Christopher North announced in February that he would be leaving Shutterfly at the end of August to return to the United Kingdom with his family. He has continued to lead the business during this interim period and will support Ryan in the transition of his responsibilities over the coming weeks.
“On behalf of the Board, I want to thank Chris for his leadership of the Company and accomplishments since joining in 2016,” said Lansing. “Under his leadership, Shutterfly has restructured some operations, developed the industry-leading mobile app, and completed the transformational Lifetouch acquisition. Chris and the Shutterfly team have laid the groundwork for significant future value creation, setting up Shutterfly for a bright future.”
In a separate press release issued today, Shutterfly announced that it has entered into a definitive merger agreement with affiliates of certain investment funds managed by affiliates of Apollo Global Management, LLC (together with its consolidated subsidiaries, “Apollo”) (NYSE:APO), a leading global alternative investment manager. Under the agreement, Apollo will acquire Shutterfly for $51.00 per share in cash, representing a total enterprise value of approximately $2.7 billion.
About Shutterfly, Inc.
Shutterfly, Inc. is a leading retailer and manufacturing platform for personalized products and communications. Founded in 1999, Shutterfly, Inc. has three divisions: Shutterfly Consumer, Lifetouch, and Shutterfly Business Solutions. Shutterfly Consumer and Lifetouch help consumers capture, preserve, and share life’s important moments through professional and personal photography, and personalized products. The Shutterfly brand brings photos to life in photo books, gifts, home décor, and cards and stationery. Lifetouch is the national leader in school photography, built on the enduring tradition of “Picture Day,” and also serves families through portrait studios and other partnerships. Additionally, Shutterfly Business Solutions delivers digital printing services that enable efficient and effective customer engagement through personalized communications. For more information about Shutterfly, Inc.(SFLY), visit www.shutterflyinc.com.