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Home : News And Events : Archive : IBM General Manager Kenneth R. Thornton to Join CyberSource® Board of Directors

Kenneth R. Thornton Joins CyberSource® Board of Directors

Mountain View, Calif., February 13, 2001

CyberSource Corporation (Nasdaq: CYBS), a leading provider of mission-critical eCommerce transaction software and services, and a pioneer in Internet fraud detection, announced today that Kenneth R. Thornton, General Manager, Public Sector at IBM, will join CyberSource's Board of Directors.

Thornton leads IBM Public Sector business operations worldwide. His responsibilities include all business strategies and solutions in government, healthcare and education markets: sales, marketing, application solutions, services and business partner alliances. Thornton has held a variety of positions at IBM including General Manager, Government Industry, Vice President and General Manager, mid-Atlantic commercial region and Director of Federal Marketing Operations. He holds a Bachelor of Science degree from Barton College, Wilson, North Carolina, and certificates of study from University of Berkeley Business School and Harvard Business School.

"CyberSource is already established as a leading provider of eCommerce transaction services for businesses selling online," said Thornton. "I am pleased to offer my experience in business strategy and the management of a large worldwide business, especially as the company expands its scope to serve more global Fortune 1000 companies, like those in the retail and manufacturing, insurance, telco and government and education industries."

"CyberSource is delighted to welcome Ken to the board. His years of government operations management for IBM make him a valuable addition," said Bill McKiernan, Chairman and CEO of CyberSource Corporation. "We look forward to working with him as we continue to extend CyberSource's reach into new markets."

Thornton will join board members Bill McKiernan of CyberSource, Linda Levinson of Global Retail Partners, Stephen Novak of C.E. Unterberg, Towbin, Richard Scudellari of Morrison & Foerster LLP, and Jack McDonnell, Jr., former CEO of PaylinX Corporation. Thornton replaces Michael Agostino of Vulcan Ventures.