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William Nettles Joins’s Board of Directors

E-commerce heavyweight, Inc. (NASDAQ:OSTK) has appointed William Nettle as an independent director to its board of directors, effective June 12.

Nettles is a co-founder and managing partner of Invictus Growth Partners, a private equity firm located in San Francisco, Calif. that invests in and advises automation-enabled technology companies. He has more than 25 years’ experience in technology, investing and corporate finance as a founder, as a senior level corporate executive at Verifone, Lycos and Sungevity, and in investment banking at Credit Suisse.

“We welcome William to the Overstock board,” said Overstock Chairwoman of the Board Allison Abraham. “He has significant expertise and experience in strategy, corporate development and investor relations. As a new board member, he will be able to help guide Overstock in all of these areas.”

“I’m excited to have William join the Overstock team,” said Overstock CEO and Board Member Jonathan Johnson. “For the past several months, we’ve been thoughtful as we’ve looked to expand our board. We found the right person in William. He will be a real asset to the board, bringing additional capital markets and technology investment expertise. He will represent our shareholders well.”

“I am really excited to join the Overstock board. Overstock is a proven leader in its industry and a company with lots of promise, both in its ecommerce business and its several blockchain start-up companies,” said Nettles. “As I’ve met with each of the board members there has been a real chemistry and enthusiasm. I’m ready to help Overstock continue its growth.”

With the addition of Nettles, the Overstock board now has six members, five of whom are independent.

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