Entertainment Industry Exec Richard Frank Takes Helm at cybermeals
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cybermeals, the online meal ordering system, named former Comcast and Disney exec Richard Frank as the new chairman, president and CEO of the two-year-old Internet start-up.
He succeeds interim CEO Bill Jesse, who will remain as a member of the board.
Frank also made a "significant financial investment in cybermeals," the company said.
Frank was most recently chairman and CEO of Comcast Content and Communication (C3), a company he founded in 1995 with television/telecommunications giant Comcast Corp. Prior to his position at C3, Frank served as chairman of Walt Disney Television and Telecommunications (1994 to 1995) and as president of The Walt Disney Studios (1985 to 1994). From 1977 to 1985, he served as both vice president and president of the Paramount Television Group of Paramount Pictures.
cybermeals was founded in 1996 and currently is available in major markets nationwide. The service gives Internet users the ability to locate restaurants in their own neighborhoods and order meals online as far as three months in advance. cybermeals said it has relationships with tens of thousands of restaurants across the country.
"In the rapidly-expanding world of Internet commerce, cybermeals is a dynamic young company with unlimited market opportunity. Based on recent industry estimates, the potential market for online food delivery is five times larger than that of the book and music industries. Leading the charge is a challenge I couldn't pass up and I am delighted to have the chance to build on the initial success of the cybermeals team," said Frank.
"Rich Frank is a proven leader with more than 25 years of senior management experience at major consumer-oriented corporations. We are very excited to have him on board, both as chairman and as a major investor," said Jesse. "We immediately recognized Rich's talent for enhancing and building strong brands and his unusual ability to foster environments that generate products with enduring consumer appeal. His proven track record as a strong operational manager and business builder makes him a valuable asset to cybermeals."