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NetGravity Names Spivey as Chairman

NetGravity Inc. said that Eric Spivey was named chairman of the company, replacing company founder John Danner, who resigned.

In early 1999, Danner stepped down as CEO and president but continued in his role of chairman.

Spivey, NetGravity's CEO and president, joined NetGravity earlier this year. He has more than 14 years of experience building and growing domestic and international businesses.

"My days at NetGravity have been invaluable, but it is time for me to move on and pursue other endeavors," said Danner, who founded NetGravity in September 1995.

NetGravity is being acquired by DoubleClick Inc. in a stock deal valued at $530 million.