William S. McKiernan founded CyberSource and has been Chief Executive Officer and Chairman of the Board of Directors since its founding in 1994. CyberSource originated the concept of the Internet commerce suite, which allows companies to outsource eCommerce transaction services on an as-needed basis, obviating their need to build and maintain costly and complex commerce infrastructures.
Prior to founding CyberSource, Mr. McKiernan was president and COO of McAfee Associates, now Network Associates. He held this position during the company's initial public offering. Before joining McAfee, Mr. McKiernan was vice president of Princeton Venture Research, Inc., and held management positions at ROLM/IBM. Mr. McKiernan holds a B.S. from Boston College and an M.B.A. from the Harvard Business School. He is on the board of the Multiple Myeloma Research Foundation and is West Coast Chairman of the Boston College Technology Council.
Bob Donahue has been a director of the Company since November 2007. Over a long career in high technology, he has held corporate positions at the senior executive level including President and Chief Executive Officer of Lightbridge, President and Chief Operating Officer at Manufacturers Services Ltd. and Chief Financial Officer at Stratus Computer Inc. As Chief Financial Officer of Stratus, Donahue was responsible for S2, a wholly owned software subsidiary that sold online transaction processing products and services. Mr. Donahue brings an extensive background gained from more than 20 years in the computer industry. Donahue holds a BA in Economics from the College of the Holy Cross and an MBA from the University of Massachusetts.
John J. McDonnell, Jr. has been a director of the Company since September 2000. Until October 2006, Mr. McDonnell was Chief Executive Officer and Chairman of TNS Inc., a telecommunications company which provides network services for the financial industry. Mr. McDonnell founded TNS Inc. in 1990 and served as its Chief Executive Officer, President and director from its founding until it was acquired by PSINet Inc. in November 1999. In March 2001, Mr. McDonnell and a group of investors reacquired TNS Inc. from PSINet Inc. Mr. McDonnell previously served as Chief Executive Officer of PaylinX Corporation ("PaylinX") from January 2000, and as a director of PaylinX from February 1999, both until the Company's acquisition of PaylinX in September 2000.. Mr. McDonnell was one of the founding members of the Electronics Funds Transfer Association. Mr. McDonnell also serves on the Board of Directors of DealerTrack Holdings, Inc. (NASDAQ:TRAK) as well as several privately held companies. Mr. McDonnell holds a BEE from Manhattan College and an MEE from Rensselaer Polytechnic University.
Steven P. Novak has been a director of the Company since the Company's inception in December 1997. Since July 2002, Mr. Novak has been President and Chief Executive Officer of Palladio Capital Management LLC which provides management services to Palladio Partners LP, an investment partnership. From January 1998 to December 2001, Mr. Novak was a Managing Director at C.E. Unterberg, Towbin. From February 1993 to January 1998, Mr. Novak served as co-founder, President, and Chief Investment Officer of C.E. Unterberg, Towbin Advisors, a registered investment advisor. Mr. Novak's prior affiliations include, among others, Forstmann Leff Associates, a fund manager, Sanford C. Bernstein & Company, Inc., an independent investment counselor, and Harris Bankcorp, a multibank holding company. Mr. Novak also serves as a director of Technology Investment Capital Corporation, a publicly-traded business development company, and several privately held companies. Mr. Novak holds a B.S. from Purdue University and an M.B.A. from the Harvard Business School.
Richard Scudellari has been a director of the Company since the Company's inception in December 1997. Mr. Scudellari is a partner at Reed Smith LLP, a law firm, since 2009. Mr. Scudellari was a partner at Morrison & Foerster LLP from February 1999 to 2008. From 1990 to January 1999, Mr. Scudellari was a partner at Jackson Tufts Cole & Black, LLP, a law firm. Mr. Scudellari holds a B.S. and J.D. from Boston College.
Kenneth R. Thornton has been a director of the Company since April 2001. Mr. Thornton was General Manager of International Business Machine Corporation's Worldwide Public Sector business from 1996 until his retirement in March 2001, where his responsibilities included the government, healthcare and education industries. Previously, he served as General Manager of IBM's Global Government Business and Vice President and General Manager of marketing and service operations for IBM in the Mid-Atlantic States . Mr. Thornton is also a director of Cogent Systems, Inc., Security Storage Inc. and Hire Networks Inc. Mr. Thornton holds a B.S. in Business Administration from Barton College and holds certificates of study from the Harvard Business School , University of California at Berkeley School of Business and IBM's International Executive Program.
Carl F. Pascarella has been a director of the Company since March 2009. Mr. Pascarella is currently an Executive Advisor at TPG, a leading global private equity firm. He retired from Visa U.S.A., Inc. in 2005, after having served as that company's President and Chief Executive Officer for 12 years. Prior to that time, Mr. Pascarella served as President and CEO of Visa International's Asia-Pacific Region and Director of the Asia-Pacific Regional Board for 11 years. Before joining Visa International, he was Vice President of the International Division of Crocker National Bank and Vice President, Metropolitan Banking, at Bankers Trust Company. Mr. Pascarella has also served on the Boards of Cobalt Networks, Inc., Business Objects S.A., and BroadVision Inc. He received a master's of science in management from the Stanford Sloan Program at the Graduate School of Business at Stanford University. He received his undergraduate degree from the University of Buffalo.
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