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December 7, 2012 03:38 am GMT

Gilt Groupe Hires Citigroup CMO to Replace CEO Kevin Ryan


Michelle Peluso, global consumer chief marketing and Internet officer at Citigroup and Gilt board member, is taking on the role of CEO at Gilt Groupe, the company announced Thursday.

Word that the online retailer was looking for a replacement for co-founder Kevin Ryan, who has served as CEO since Gilt's inception in 2007, surfaced in the Wall Street Journal early last month.

According to the Journal, the company's board felt that Gilt's expansion into new verticals like food and full-price men's retail had not performed well, and that Ryan's attention was spread too thin among his responsibilities.

Peluso, who has been on Gilt's board of directors for three years, will officially ta…
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More About: gilt, gilt groupe, kevin ryan


Original Link: http://feeds.mashable.com/~r/Mashable/~3/WoK54aGeQWw/

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