Press Releases Mar 05, 2008

Shutterfly Hires Peter Navin as Vice President of Human Resources

REDWOOD CITY, Calif., Mar 05, 2008 (BUSINESS WIRE) — Shutterfly, Inc. (NASDAQ:SFLY), the leading Internet-based social expression and personal publishing service, today announced the appointment of Peter Navin as Vice President of Human Resources. Mr. Navin will be responsible for all facets of the company’s human resources functions, including recruitment of new employees, compensation, benefits, organizational design, learning and development, and workplace culture. Mr. Navin will report to Shutterfly’s President and CEO, Jeffrey Housenbold.

“Peter is a demonstrated human resources and business executive who will partner with our functional leaders to help further develop our people and our culture,” said Shutterfly’s President and CEO, Jeffrey Housenbold. “I am thrilled to have Peter join Shutterfly’s executive team. His HR and operational experience working with global companies at various stages of development provides an ideal foundation as the leader of Shutterfly’s HR department as we continue to grow.”

Peter Navin brings more than 15 years of human resources and operational experience to his role as Shutterfly’s Vice President of Human Resources. Most recently, Mr. Navin was Vice President of Human Resources at Electronic Arts, Inc. (NASDAQ:ERTS), where he was the HR executive responsible for the company’s Games Label, its largest creative and marketing business, and for mergers and acquisitions. Prior to Electronic Arts, Mr. Navin served as Vice President of Corporate Operations and Human Resources at ChemConnect, Inc., a venture-backed Internet-based company that provides negotiation tools, supply chain services and market information to the chemical industry. Previous experience also includes serving as Vice President, Human Resources at Brown Brothers Harriman & Co., Vice President, Human Resources of First Physician Care, Inc., and Human Resources Generalist at Blue Cross Blue Shield of Massachusetts.

Mr. Navin earned his Bachelor of Arts in American History from Catholic University of America.

On February 29, 2008, Mr. Navin received an employment inducement stock option grant award. He may purchase up to 90,000 shares of the Company’s common stock at an exercise price of $15.29 per share pursuant to an inducement stock option that is not under a shareholder approved plan but is pursuant to a Nasdaq approved exception. The shares subject to the stock option vest over a four-year period.

About Shutterfly

Founded in 1999, Shutterfly, Inc. is an Internet-based social expression and personal publishing service. Shutterfly provides high quality products and world class services that make it easy, convenient and fun for consumers to preserve their digital photos in a creative and thoughtful manner. Shutterfly’s flagship product is its award-winning Photo Book line, which helps consumers celebrate memories and tell their stories in professionally bound coffee table books. More information about Shutterfly (NASDAQ:SFLY) is available at Shutterfly and are trademarks of Shutterfly, Inc.

SOURCE: Shutterfly, Inc.

Shutterfly, Inc.
Media Relations:
Bridgette Thomas, 650-610-3519
Investor Relations:
Marilyn Lattin, 650-610-5853

Copyright Business Wire 2008

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