May 29, 2007
OpenTable Names Jeff Jordan CEO
SAN FRANCISCO, Calif. (May 29, 2007) — OpenTable, Inc. (www.opentable.com), the leading provider of free, online reservations for diners as well as guest and table management systems to restaurants, today announced that Jeff Jordan will join the company as CEO, effective June 4th. Mr. Jordan is the former president of PayPal and previously ran eBay North America. Current CEO Thomas Layton, who has led OpenTable for nearly six years and spearheaded the company's efforts to recruit Mr. Jordan, will remain a member of OpenTable’s board of directors.
As president of PayPal, the Web-based payment system owned by eBay, Mr. Jordan was responsible for establishing the company as the global standard for online payments. Under his leadership, PayPal successfully expanded beyond the eBay.com marketplace by attracting large online merchants including Dell, iTunes and Toys”R”Us and by aggressively expanding internationally, resulting in a business that had 133 million user accounts and $38 billion in payment volume in 2006. Prior to his PayPal promotion in December 2004, Jordan served as senior vice president and general manager for eBay North America for five years. In that role, he helped build eBay into the Internet’s leading commerce brand and drove the successful acquisitions of PayPal and Half.com.
“I could not be more thrilled to welcome Jeff to our company,” said Mr. Layton. “He brings leadership, business acumen and an extraordinary focus on customer experience,” he added.
“I’m excited about this terrific opportunity to lead one of the fastest-growing companies on the Internet,” said Mr. Jordan. “OpenTable delivers a fantastic service for both restaurants and diners. As one of the 40 million diners who have been seated via online reservations at OpenTable.com, as well as a former chef, I look forward to working closely with our restaurant and dining communities and the Open Table employees to continue to build on the strong momentum that the company enjoys.”
About OpenTable, Inc.
OpenTable is the leading supplier of restaurant reservation, table management and marketing software as well as the top provider of free, real-time online reservations to diners. More than 7,000 restaurants have adopted the OpenTable System, and more than 40 million diners have been seated through OpenTable.com. The company works with many distribution partners, including AOL CityGuide, Chicago Tribune’s metromix.com, Citysearch.com, DiRoNA, Los Angeles Times’ calendarlive.com, NYC & Company, Time Out New York, San Francisco Chronicle’s sfgate.com, washingtonpost.com, Yahoo! Inc. and Zagat. The company's investors include Benchmark Capital, Impact Venture Partners and Integral Capital Partners.