PALO ALTO, CA – July 26, 2011 –ShareThis Founder Tim Schigel today announced the appointment of Kurt Abrahamson as the company's new Chief Executive Officer, effective immediately. ShareThis is the world's largest sharing marketplace, built for advertisers and publishers to tap into the economic value of sharing and influence across the Web. Abrahamson will be charged with scaling the ShareThis platform to become an industry standard by driving new economic value for the entire online economy of publishers, consumers and advertisers. Schigel will remain Chairman of the Board and will continue to participate in the daily operations of the business, working closely with Abrahamson as ShareThis enters this new phase of growth.