ThriftBooks taps Mignoli as CFO


Seattle-based ThriftBooks LLC, an online seller of used books, has appointed Ross Mignoli as chief financial officer. Mignoli is a former partner at Arthur Andersen. ThriftBooks is backed by KCB Management.

PRESS RELEASE

SEATTLE–(BUSINESS WIRE)–ThriftBooks, the world’s largest seller of used books, has hired Ross Mignoli as the company’s chief financial officer. He will lead the company’s financial strategy as the company continues to expand its sales reach, automate processing center operations, and further develop its fast-emerging global brand.

Mignoli has more than 35 years of financial consulting, executive management, and business advisory experience. He is a former partner at Arthur Andersen with extensive experience in accounting due diligence, particularly in private equity transactions. He has also served as CFO of Performance Driven Brands, a market leader in automotive aftermarket performance products.

“Having Ross join our team is a huge win for us,” said Mike Ward, CEO and co-founder of ThriftBooks. “His deep experience in financial analysis and the respect he has achieved throughout his diverse career are the perfect fit for our ongoing growth. As we continue to focus on high-quality efficiency that drives our everyday low prices, we know his expertise will help us build our loyal customer base.”

Added Mignoli: “ThriftBooks is a visionary company dedicated to delighting customers with tremendous value in delivering used books in great condition at excellent price points. When I saw how many books this company was putting back to work rather than getting tossed out, I knew I wanted to be a part of its success.”

A graduate of St. John’s University in New York, Mignoli is well-regarded in the investment community, where he has been active as an advisor on numerous successful financing and strategic planning initiatives for middle market private equity funds.

About ThriftBooks:
ThriftBooks Global LLC is the largest online seller of used books in the world, having sold more than 100 million books since its inception in 2003. Based in Seattle and backed by KCB Management, ThriftBooks operates fulfillment centers throughout the US that purchase, grade, and distribute used and collectible books. ThriftBooks utilizes proprietary software to identify and list books, as well as sophisticated algorithms that dynamically price books across a variety of online platforms including its vertical site ThriftBooks.com, Amazon, and eBay.