Executives leave web and TV retailer Evine Live
February 8, 2016 01:51 PM
Evine Live Inc. has shaken up its executive suite.
The TV and online retailer, No. 118 in the Internet Retailer 2015 Top 500 Guide, announced that CEO Mark Bozek and chief strategy officer Russell Nuce are leaving the company. Taking over as interim CEO will be chairman of the board Bob Rosenblatt, a retail veteran who held executive roles with flash sale e-retailer ideeli (now owned by Groupon, whose Groupon Goods is No. 30 in the Top 500), retail chain Bloomingdale’s (whose parent company Macy’s Inc. is No. 7), and HSN Inc. (No. 25).
The company is using an executive search firm to help find a new CEO. Whoever takes over will be the fourth person to hold the job in three years. Bozek took over as CEO in June 2014, replacing Keith Stewart. Evine Live did not say whether it plans to replace Nuce.
“With Evine Live’s assets of cable distribution, a strong merchandising organization, deep knowledge of our customers, a new fulfillment operation, the overall trends in e-commerce, and video now being the prime driver of content consumption at home, work and via mobile, Evine Live is really in the right place at the right time,” Rosenblatt said.
This is the second time in the past year that Evine Live has made sweeping changes to its management team. In April, the company replaced its executive vice president and chief financial officer, eliminated the role of president and created the position of vice president of digital, hiring Wade Gerten for that role.
Evine Live has posted steady online sales growth over the past five years, according to Top500Guide.com, reaching an Internet Retailer-estimated $300.9 million in web sales in 2014 from $231.7 million in 2010 for an average annual growth rate of 6.75%.
In a separate announcement, Evine Live is projecting net revenues of $209-$212 million for the fiscal fourth quarter of 2015. The company will release its fourth quarter and fiscal 2015 figures on March 23.