Oyster adds Jeannie Mun as Chief Financial Officer, Barry McCarthy as Advisor, enters next phase of growth

NEW YORK, March 24, 2015 /PRNewswire/ -- Oyster, the leading subscription service for books, today announced that Jeannie Mun has joined the company as the Chief Financial Officer and Barry McCarthy has joined as an Advisor. Both will work alongside CEO Eric Stromberg and the rest of the Oyster executive team as the company scales operations in 2015 and beyond.

Since launch, Oyster has grown rapidly, expanding its catalogue to more than one million titles from thousands of publishers, including recent additions Macmillan and Pottermore, and establishing an enthusiastic subscriber base reading over 100 million pages each month. Looking forward, the Oyster leadership team will work to increase that base of readers by growing the content library, expanding globally, and launching new product initiatives that continue to make Oyster the best place for reading books.

Mun joins Oyster from MediaMath, a leading global technology company that empowers advertisers and agencies to drive measurable business outcomes. Mun was instrumental in scaling the New York City-based company from 30 to more than 650 people over the past six years and expanding to 15 offices around the world.

McCarthy was previously the CFO of Netflix, the world's leading streaming video company with over 50 million subscribers, from 1999 to 2010. He currently sits on the boards of Spotify, Rent the Runway, Chegg, Eventbrite, NatureBox, and Wealthfront.

"The business is growing quickly as we add new publishing partners, launch new features, and build a passionate base of readers," said Stromberg. "Both Jeannie and Barry have deep experience scaling technology companies, and I'm excited to work closely with both of them as we enter the next phase of growth at Oyster."

An enthusiastic Oyster user herself, Mun is excited to join Oyster during this pivotal growth period.

"Oyster is such a dynamic, creative company on an amazing trajectory, and I'm thrilled to join at an important inflection point in its development," said Mun. "Oyster is at the center of several key market developments—the rise of mobile, the growth of the access model in media, and the trend toward leveraging large datasets to drive product differentiation."

Prior to MediaMath, Mun was the VP of Finance & Strategy at Operative, an advertising software company. Earlier in her career, she held positions at The Jordan, Edmiston Group, an investment bank for the media and technology industry, Atlantic Media Group, and Deloitte Consulting. She holds an MBA from Harvard Business School and a BA in Economics with Honors from UCLA.

Oyster is available for $9.95 per month. Readers can visit oysterbooks.com to start a free trial.

About Oyster
Oyster is the leading subscription service for books, offering readers unlimited access to over 1 million books—everything from New York Times Best Sellers and award-winners to children's titles and more. Readers can browse and discover on their own, or get expert recommendations from our editorial team. Over time, Oyster gets to know what readers like, and recommends books based on their reading habits and tastes.

Oyster is available for Apple iOS, Android, Nook HD, and Kindle Fire, as well as on the web. Launched in 2013, Oyster is headquartered in New York City and is backed by Founders Fund and Highland Capital Partners. For more, visit oysterbooks.com or follow us on Twitter at twitter.com/oyster.

Contact: Abby Dixon, Derris & Company, [email protected], 646.362.4687

SOURCE Oyster

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http://www.oysterbooks.com