Technology pioneer, Amazon veteran and social-minded CEO stands out as one of the bright stars shaping future of e-commerce
San Francisco, CA – Mar. 7, 2012 –– RichRelevance®, the leading provider of dynamic e-commerce personalization for the world’s largest retailers and brands, today announced CEO David Selinger has been named one of the Bay Area’s brightest young superstars in San Francisco Business Times’ prestigious 40 Under 40 Award. Selinger was recognized for making a major impact on the Bay Area’s economy, community and culture and was named a standout leader for his innovation, business and technical acumen. Alongside executives from some of the biggest names in business and technology, Selinger will be honored at a ceremony on March 7 at the Levi Plaza Atrium in San Francisco.
“Leadership is not defined solely by business success,” said Selinger. “The executives that I admire extend their success to the broader community and provide opportunities for those around them to succeed. Community involvement and mentorship have always been a strong part of my leadership style and I’m glad to see this trait is shared – and recognized – in the place where we work and live. This award is a great honor and I am pleased to join such a prestigious group of local leaders.”
Selinger is widely recognized as a thought leader who is changing the face of e-commerce. His impact on the market began at Amazon.com where he led personalization R&D and increased the company’s annual profits by over $50 million. During his tenure at Amazon, he was credited for setting the industry standard for personalization and innovating in new forms of monetization.
As co-founder and CEO of RichRelevance, his technological innovation and leadership enables clients like Walmart, Target and Sears to go beyond Amazon.com to deliver personalized shopping experiences. To date, RichRelevance has delivered over $5 billion in attributable sales for its retail clients. Selinger’s latest innovation is a revolutionary new form of digital advertising called Shopping Media, which allows manufacturers to engage shoppers where it matters most – in the digital aisles on the largest retail sites in world. Brands like Colgate, P&G, AT&T, Verizon, Toyota and Cisco are rapidly adopting Shopping Media and Advertising Age recently credited the company as an ‘online shopper-marketing juggernaut’.
Aside from his ecommerce leadership and pioneering, David is a generous philanthropist, volunteering his time and know-how to many causes worldwide. David serves as a Board Member for Family Giving Tree and Potential Energy (formerly the Darfur Stoves Project) and as an Advisory Board Member for Fostering Change for Children and Solace International. He also volunteers his time as an advisor with New Seed International in Ghana.
About 40 Under 40
The San Francisco Business Times’ annual 40 Under 40 Award is selected by the publications editorial staff, based on a nominees leadership in the local business community, market and community involvement. The winners represent the most influential young leaders across the spectrum of Bay Area businesses – all under 40, and all high achievers for their companies, industries and the community. In the 2012 class are CEOs, entrepreneurs and top executives making a difference now, and certain to do so well into the future.
Additional Resources:
- More information on David Selinger is available here.
- More information on RichRelevance is available here.
- Connect with RichRelevance on Facebook and Twitter for updates and news.
AboutRichRelevance
Over 350 million times per day, RichRelevance is powering the personalized shopping experiences for consumers shopping the world’s largest and most innovative retail brands like Walmart, Sears, Target, Marks & Spencer and John Lewis. Founded and led by the e-commerce expert who helped pioneer personalization at Amazon.com, RichRelevance helps retailers increase sales and customer engagement by recommending the most relevant products to consumers regardless of the channel they are shopping. RichRelevance has delivered more than $5 Billion in attributable sales for its retail clients to date, and is accelerating these results with the introduction of a new form of digital advertising called Shopping Media which allows manufacturers to engage consumers where it matters most—in the digital aisles on the largest retail sites in world. RichRelevance is headquartered in San Francisco, with offices in New York, Seattle, Boston and London. For more information, please visit www.richrelevance.com.
Retailers act swiftly to engage consumers armed with smart phones and other mobile devices. ANA Magazine talks to Diane Kegley, RichRelevance CMO.
“Mobile is becoming the cornerstone of how retailers and brands engage with consumers,” says Diane Kegley, CMO at RichRelevance, a San Francisco-based company that analyzes online shopping patterns. “From the consumer standpoint this is being driven by what we call the ubiquity of screens. Consumers are neither online or offline, they are just always connected.”
Internet Retailer cites RichRelevance’s mobile study as the latest version of the iPad is set to be announced.
…iPad owners are retail carnivores. 92% of non-desktop online sales originated from an iPad, iPhone or iPod Touch in December 2011, up from 88% in April 2011, says personalization vendor RichRelevance Inc. It studied 3.4 billion shopping sessions on its retailer clients’ sites between April and December 2011. What’s more, shoppers using Apple mobile devices have a larger average order value compared with other mobile platforms—$123 for Apple versus $101 for Android in December 2011. And that far outstrips the desktop average order value of $87.
And the tablet and smartphone shoppers just keep on coming. The share of U.S. online retail dollars attributable to mobile devices has doubled from 1.87% in April 2011 to 3.74% in December 2011, RichRelevance finds. Further, in April 2011 just under 9% of all shoppers were browsing retail sites on a mobile device. By December 2011, that share more than doubled, reaching 18 percent of all consumers.
This is all good news for e-retailers, but especially for those that are prepared for iPad owners. And many retailers are on the right track with mobile commerce.
Retail Technology covers John Lewis’s partnership with RichRelevance to implement personalisation in their online e-commerce strategy.
The retailer is using RichRelevance’s personalisation engine to dynamically analyse shopping behavior alongside data on relationships between products and product categories to offer every johnlewis.com customer a personalised experience.