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Former Yahoo! Europe exec named to Saks board

NEW YORK — Saks Inc. has named Fabiola Arredondo to its board of directors.

Arredondo has nearly 25 years of exceptional strategic and operational experience in the internet and media sectors, as well as extensive board directorship experience. She is currently the managing partner of Siempre Holdings, a Greenwich, Connecticut based private investment firm she founded in 2001. She serves on the boards of Experian plc and Rodale Inc. and has been named to the Board of Tesco plc effective February 2013. She is also presently a board trustee of Sesame Workshop and the co-chair of the National Council of the World Wildlife Fund. Arredondo previously served as a board director of the BOC Group plc, Bankinter S.A., Intelsat Corporation, and the World Wildlife Fund in both the U.K. and U.S.

From 1997 to 2001, Arredondo was the managing director of Yahoo! Europe and built the team and profitable eight-country operation that drove Yahoo! to become the leading internet network in Europe. Arredondo joined Yahoo! from British Broadcasting Corporation (BBC) Worldwide where she was the director of international distribution, responsible for their worldwide television program licensing business covering the Americas, Asia Pacific, and Europe, and previously the director of Europe, the Middle East, and Africa. Before joining the BBC, she was at BMG Entertainment, the entertainment division of Bertelsmann A.G., where she was the director of strategic planning and then the regional VP International A&R (artists and repertoire) and marketing for Spain, Portugal and Latin America. Arredondo is bilingual in English and Spanish and earned a Bachelor of Arts with distinction from Stanford University and an MBA from Harvard Business School.

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