London, England - October 9th, 2006 – Photoways Group, the leading online photo service in Europe, announces the appointment of Stan Laurent as CEO.
Following its successful merger with PhotoBox (April 6, 2006) Photoways Group, European pioneer and leader of the photographic online printing market, confirms its ambitions by appointing Stan Laurent as CEO. In this role, Stan Laurent will oversee the continued growth and consolidation of the Photoways Group (Photoways) which is forecasting a turnover of ca. €30 million in 2006 and has over 3 million members.
Pierre Chappaz, Chairman of the Board of Photoways Group: “I am delighted to welcome Stan to Photoways. Stan brings a broad range of both entrepreneurial and corporate experience to lead the company through its next growth phase. We thank Michel de Guilhermier for his excellent management of Photoways for the last 7 years”.
Stan brings extensive international internet experience in both start-ups and larger organizations to Photoways. A graduate from Harvard Business School and ESCP, Stan started his career as manager of privatisations in the German Privatisation Agency. As Director for Strategy, Finance and Operations at AOL Bertelsmann in France from 1995 to 1998, he pioneered easy access to the internet for French consumers. He then moved to the online auction company QXL in London where he supervised the company’s European expansion and participated in its Initial Public Offering. Stan then joined AOL Europe in 2002 where he led the German business (ca. €500mn in revenue) into profit, before his promotion to Chief Operating Officer for AOL Europe in early 2006.
Stan commented on his appointment: “Photoways provides its customers with a range of innovative products and a high quality service in the online photograph printing market. I am fortunate to be working with a highly skilled team, world-class partners and an industry-leading Board of Directors. Together, we will continue to develop the group’s high standards of innovation and quality to reinforce our market leadership in the coming years.”
About Photoways Group
Created in 2000, the Photoways Group is a pioneer and leader in the European online photograph printing market. Photoways offers customers in 15 countries a complete online service including printing, storage and sharing of multiple photos, as well as access to its world-leading, innovative photolab technology.
Backed by leading venture capitalists Highland Capital Partners and Index Ventures, the Group also manages the Pixdiscount brand - a site dedicated exclusively to photo printing at unbeatable prices. Since its inception, the company has consistently experienced impressive growth.
PhotoBox.co.uk is the UK’s number one destination for online photo sharing, storing and printing. Launched in 2000, PhotoBox, partnered with FujiFilm UK, utilises award-winning, state-of-the-art facilities, offering an easy to use service to both amateur and professional photographers wanting to share or print their digital images.
It is the UK’s first online digital photographic company and the market leader in its field according to independent research by Understanding and Solutions 2005.
PhotoBox customers can use the simple online service to order photographic prints in wide range of sizes up to 30”x20” posters. Prints are good value for money with prices starting at 5p, for a standard 4” x 6” print. A huge selection of gifts including greeting cards, mugs, calendars and PhotoBooks featuring the customers own digital images are also available. Standard sized prints ordered before 4pm Monday-Friday are sent same day by first class post.
PhotoBox provides white label solutions to a growing range of leading consumer brands including Carphone Warehouse, AOL, Bulldog, Sony, Woolworths, Reuters, Wanadoo, ThisisTravel.co.uk, NTL, LX direct, Empire Direct, Eircom and Blueyonder.
About Highland Capital Partners
Highland Capital Partners was founded with the mission of helping great people build great companies. Since its inception in 1988, the firm has taken a sector-focused approach to investing in exceptional information technology, communications and healthcare companies. With over $2.6 billion of committed capital, Highland Capital Partners has invested in and worked to create such firms as Altiga Networks, Ask Jeeves, Avid Technology, Be Free, CheckFree, Conor Medsystems, Continental Cable, EXACT Sciences, Lycos, MapQuest, New Oak Communications, Ocular Networks, Odyssey Healthcare, Sybase, Telica, VistaPrint and WebLine Communications. For more information, visit the web site of Highland Capital Partners at www.hcp.com.
About Index Ventures
Index Ventures is a leading pan-European venture capital firm active in investing since 1996. The firm is dedicated to helping top entrepreneurial teams both in the Information Technology and Life Sciences sectors build their companies into market defining global leaders. The firm has offices in Geneva, London and Jersey and focuses its investment activity primarily on Europe and Israel. Index investments include Skype, recently acquired by EBay, Betfair the world’s largest betting exchange and MySQL, the world's most popular open source database, among others. For more information, visit www.indexventures.com.