HSN, Inc. Announces Rod Little as Chief Financial Officer
November 28 2016 - 8:00AM
Interactive multichannel retailer HSN, Inc. (NASDAQ:HSNI) announced
today that Rod Little will join the company as chief financial
officer. Mr. Little comes to HSNi with significant public
company expertise in the consumer products industry, having served
as chief financial officer for Elizabeth Arden, Inc. as well as a
variety of leadership positions with Procter & Gamble. He
will join the company on January 3, reporting to CEO Mindy
Grossman.
“Rod is an accomplished finance executive with significant
public company and operational expertise in the consumer products
industry. We are absolutely thrilled to have someone with his
background and proven experience join the HSNi leadership team,”
said Ms. Grossman. “Rod is a focused, strategic and creative
thinker – known as a motivator and collaborator. He has the
unique combination of being both bold and thoughtful in thinking
and action, and I look forward to working with him as we deliver
long-term growth for the company.”
Mr. Little will oversee all financial management, including
accounting, financial planning and analysis, internal audit,
treasury, tax, investor relations and media affiliate
relations. He will develop and implement financial strategies
with a focus on maximizing profitability and supporting the
company’s short-term goals and long-term vision. He will act
as a catalyst to support growth by identifying and pursuing
opportunities that leverage HSNi’s distributed commerce
competencies, while ensuring an efficient and effective capital
structure. Mr. Little will succeed Judy Schmeling, who was named
president of HSNi operating division Cornerstone Brands in August
2016, in addition to her ongoing leadership role as COO of HSN,
Inc. Ms. Schmeling will work closely with Mr. Little to ensure a
seamless transition.
“HSNi is a leader in direct to consumer retail, and I look
forward to joining the talented executive team across its HSN and
Cornerstone operating segments,” said Mr. Little. “These are both
exciting and challenging times in the retail industry, which
present real opportunities for a company like HSNi, with strength
in digital and e-commerce and its focus on delivering innovative,
differentiated retail experiences. It’s clear to me that HSNi is
committed to harnessing the power of its unique platform to
maximize performance and profitability.”
Most recently, he served as EVP and CFO of Elizabeth Arden,
Inc., where he was instrumental in a turnaround that restored
revenue growth and profitability, ultimately resulting in that
public company’s sale to Revlon, Inc. As CFO, Mr. Little led the
company’s global finance and IT organizations with nine VP-level
direct reports and more than 200 people globally.
Prior to that, Mr. Little served as CFO for Procter &
Gamble’s multi-billion dollar global salon professional division,
which offered him a broad, global perspective and valuable consumer
insights across a wide product portfolio. While at P&G, he was
hand-picked by the CFO and President to oversee the turnaround of
the multi-billion dollar global salon business. He played a broad
role, leading a finance team of professionals in more than 20
countries where he had end-to-end responsibility for strategy
development, business planning, financial reporting, and product
development through to sales and cash collection.
Mr. Little holds a B.S. in Management from the United States Air
Force Academy in Colorado Springs, Colo., and an MBA from the
University of Pittsburgh in Pittsburgh,
Pa.
About HSN, Inc.
HSN, Inc. (Nasdaq:HSNI) is a $4 billion
interactive multichannel retailer with strong direct-to-consumer
expertise among its two operating segments, HSN and Cornerstone.
HSNi offers innovative, differentiated retail experiences on TV,
online, via mobile devices, in catalogs, and in brick and mortar
stores. HSN, a leading interactive multichannel retailer which
offers a curated assortment of exclusive products combined with top
brand names, now reaches approximately 94 million homes (24 hours a
day, seven days a week, live 364 days a year). HSN.com offers a
differentiated digital experience by leveraging content, community
and commerce. In addition to its existing media platforms, HSN is
the industry leader in transactional innovation, including services
such as HSN Shop by Remote®, the only service of its kind in the
U.S., the HSN Shopping App for mobile handheld devices and HSN on
Demand®. Cornerstone comprises leading home and apparel lifestyle
brands including Ballard Designs®, Frontgate®, Garnet Hill®,
Grandin Road® and Improvements®. Cornerstone distributes
approximately 290 million catalogs annually, operates five separate
digital sales sites and operates 17 retail and outlet stores.
Contacts:
Felise Glantz Kissell (Analysts/Investors)
727-872-7529
felise.kissell@hsn.net
Jill Kermes (Media)
727-872-4390
jill.kermes@hsn.net
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