Pawlenty Joins Board of Another Co.: Digital River
Little more than a month after joining the boards of two companies, former Governor Tim Pawlenty is adding another director title to his rÅ½sumÅ½.
This time, he's joining the board of Minneapolis-based e-commerce company Digital River, Inc.
In a news release about the appointment, Digital River pointed out that during Pawlenty's time as governor, he represented the interests of 5.2 million citizens and was responsible for a $50 billion biennial budget, 30,000 employees, and more than 20 agencies and departments.
“To our team, Tim brings a wealth of diverse business development and finance experience along with a strong international perspective,” Digital River CEO Joel Ronning said in a statement. “His vision and work developing and leading innovative initiatives will be an invaluable asset to our company. We look forward to his participation as we accelerate our development efforts in the digital marketplace and our growth across the software, consumer electronics, payments, entertainment, and online service markets.”
In late October, Pawlenty-who in August ended his run for the Republican presidential nomination-joined the boards of two other local companies: biotech start-up Miromatrix Medical, Inc., which will soon move to Glencoe, and Atlanta-based RedPrairie Corporation, a global supply chain and retail technology provider.
Pawlenty also serves on the board of Maple Grove-based medical device company Ionix Medical, Inc., and as a senior advisor to San Francisco-based private investor Vector Capital.
“With more than 15 years of experience managing global online businesses for some of the Internet's most notable brands, Digital River has earned a reputation as a thought leader in the industry,” Pawlenty said in a statement. “I am looking forward to being part of a company that is working on the front lines of a rapidly evolving marketplace marked by exciting opportunities.”
Digital River is Minnesota's largest Web development firm based on revenue, which totaled $363.2 million in its most recent fiscal year.