Dan Finnigan – New Chief Executive Officer

Jesper Schultz, Jobvite founder, to drive product strategy and innovation as Chief Product Officer

SAN FRANCISCO – July 1, 2008 – Jobvite, provider of next-generation recruitment solutions, today announced the appointment of Dan Finnigan as President and Chief Executive Officer. In his new role, Finnigan will lead the company, working closely alongside Jobvite founder and former CEO, Jesper Schultz, who will take the role of Chief Product Officer. Finnigan’s appointment comes as Jobvite continues to win leading edge customers and achieve rapid growth with its Web 2.0 recruitment application.

Previously, Finnigan served as Senior Vice President of Yahoo and General Manager of Yahoo! HotJobs. At Yahoo! Finnigan drove substantial growth in revenue, profitability and traffic for the HotJobs business, culminating in establishing Yahoo and HotJobs’ partnership with a consortium of over 700 newspapers, today representing 41 percent of total Sunday circulation in the U.S.

Prior to Yahoo!, Finnigan led the creation of Knight Ridder Digital, subsidiary of the second largest newspaper company, serving as President and CEO. At Knight Ridder, Finnigan spearheaded its acquisition of CareerBuilder in 2000. Prior to that, Finnigan co-founded and served as CEO for SBC Interactive, launching SMARTpages.com, now known as Yellowpages.com, the leading online business directory for consumers. Finnigan comes to Jobvite directly from Benchmark Capital, where he served as an Entrepreneur-in-Residence.

“Along with an outstanding track record, Dan brings a deep understanding of customer needs, as well as growth opportunities in the recruiting arena,” said Jesper Schultz, Founder and Chief Product Officer of Jobvite. “With Dan’s experience in business strategy and execution, Jobvite is well-positioned to build upon our leadership position in the market and to take advantage of the explosive growth in Software as a Service and professional networking online. I’m excited to focus on the evolution of our product, as I believe customer-focused innovation is at the core of our success.”

“I am excited to join a team that is producing impressive growth with a one-of-a-kind product that market-leading companies are rapidly adopting,” said Dan Finnigan, Chief Executive Officer of Jobvite. “I am struck by how Jobvite’s innovation is based on their insight that successful talent acquisition involves all employees. I am also impressed by how Jobvite integrated candidate sourcing, team collaboration and social networking into a seamless application – one that is nearly effortless for the organization to launch and use. Jesper and I share a belief that talent acquisition has high value for world-class companies. The recruitment market is being transformed by online targeting and social networking, and we intend to lead that transformation as we serve our customers’ needs.”