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Blue Nile Appoints David Binder as CFO

Jul 21, 2011 5:19 PM   By Jeff Miller
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RAPAPORT... Blue Nile  announced that David Binder will become the company's chief financial officer (CFO) effective  August 22, 2011.  Binder, 41, will join Blue Nile from Infospace Inc., an online search and e-commerce company, where he has served as  CFO and treasurer since January 2008. Prior to that role, from October 2004 to December 2007, Binder was the vice president of finance at Infospace.

Pursuant to Binder’s offer letter, Binder will receive an annualized base salary of $250,000 and is eligible to earn an annualized target bonus award of $95,000 for fiscal year 2011. Binder will also receive a signing bonus of $25,000 earned and paid upon the commencement of his employment.

On Binder’s start date, he will be granted a non-statutory stock option to purchase 37,500 shares of the company's common stock.

Additionally,  Terri Maupin, 49, Blue Nile’s vice president of finance and controller was appointed chief accounting officer. Maupin has served as vice president  and controller since July 2004.

 

Tags: binder, blue, cfo, david, Jeff Miller, nile
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