Wayfair.com names Michael Fleisher CFO
Home Accents Today Staff -- Home Accents Today, 10/21/2013 11:34:31 AM
Wayfair.com announced the appointment of Michael Fleisher as chief financial officer.
Fleisher brings significant expertise in public markets, mergers and acquisitions, and guidance on strategic direction and global expansion, according to a company release. His appointment follows a year of record growth for the homegoods e-tailer with the company growing more than 50% to reach a run rate of $1 billion in sales.
With Fleisher's appointment, former CFO Nicholas Malone has been named chief administrative officer, continuing to oversee finance, legal, human resources and real estate.
"Following an extensive search process, it became very clear that Michael was the ideal person to help lead Wayfair.com through the next steps on our exciting path to becoming the world's leading ecommerce player in the $400 billion home goods market," said Niraj Shah, CEO and co-founder of Wayfair.com. "In addition to bringing a strong and seasoned voice to our executive management team, we are confident that Michael's impressive track record and unrivaled expertise in public markets, mergers and acquisitions, and strategy will help us achieve our long term goals."
Prior to joining Wayfair.com, Fleisher served as Warner Music Group's vice chairman, strategy and operations, where he oversaw the company's global corporate strategy and operations. At WMG, he managed all corporate development and merger and acquisition activity and led the sale of the WMG to Access Industries in a transaction valued at over $3 billion. Fleisher joined WMG in 2005 as its EVP and CFO. He played a prominent role in taking the company public in May 2005. Before WMG, Fleisher served as Chairman and CEO of Gartner, Inc. technology research group where he led the company's initial public offering and its move to the New York Stock Exchange.
Fleisher's previous business experience includes roles at Bain Capital and Bain & Company. He holds a bachelor's degree in economics from the Wharton School of Business.
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