HSNi CEO Mindy Grossman is stepping down
April 26, 2017,
Interactive multichannel retailer HSN, Inc. announced that Mindy Grossman will step down as chief executive officer in order to assume a leadership position with another public company.
Grossman's resignation will be effective on May 24, 2017, and she will not stand for election to the board of directors at the annual meeting of shareholders on the same date. In the interim, she will work with senior management and the board to ensure a smooth transition.
In addition, the board has established the office of the chief executive whose members will manage the company's day-to-day operations and engage with the board on a regular basis until a successor is named. The office of the chief executive will consist of Rod R. Little, Chief Financial Officer; William C. Brand, Chief Marketing Officer of HSNi and President of HSN; and Judy A. Schmeling, Chief Operating Officer of HSNi and President of Cornerstone Brands, Inc.
Chairman of the Board Arthur C. Martinez said, "On behalf of the board, we thank Mindy for her visionary leadership and many contributions to our company during a transformative period in its history. She has been a committed partner to the board in the development of important initiatives that have created a solid foundation for the future. We will miss her energy, creativity and passion for our company, and wish her success in her future endeavors."
"I'm extremely proud of what we've accomplished at HSNi and believe that the company is well positioned for the future. It has been an honor to work with such an inspired team over the past decade as we transformed the business to lead the future of boundaryless retail. With a focus on customer engagement, digital innovation, product excellence and immersive and community-oriented content, HSNi will be able to thrive in the modern retail environment, where consumers are looking for experiences and meaning," Grossman said.
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