Qurate Retail, Inc. Announces Extension of Employment Agreement of President & CEO Mike George & Planned Retirement at the En...
November 17 2020 - 9:00AM
Business Wire
Qurate Retail, Inc. (“Qurate Retail”) (Nasdaq: QRTEA, QRTEB)
today announced that President and CEO Mike George has extended his
employment agreement through the end of 2021 and will be retiring
from the company at that time. The early announcement allows ample
time for transition planning and an executive search process.
“After leading QVC and Qurate Retail for nearly half the life of
the company, I will be retiring at the end of 2021. This decision
was made with careful consideration for our company, team members,
partners and shareholders,” said Mike George, President and CEO,
Qurate Retail, Inc. “The company is well positioned to thrive in
this new era of retail by providing differentiated experiences
across traditional commerce and new media platforms. We have many
strong leaders and a committed and passionate team who will
continue to grow our business by providing unique products and an
incredible customer experience across every touchpoint.”
“Mike George has provided strong leadership at Qurate Retail for
fifteen years and successfully led the business through many
challenges and changes, including most recently COVID-19. I’m very
pleased that he has agreed to stay on for another year during which
time the Board, Mike and I will work together to find the next
leader of Qurate Retail,” said Greg Maffei, Qurate Executive
Chairman. “We have strong internal candidates and will also
consider external candidates to find the best leader to drive our
future and further build upon Qurate Retail’s strong performance
trajectory. I want to thank Mike for being a great partner over
these many years and for his dedication to growing Qurate Retail to
the benefit of our teams, customers, and shareholders.”
About Qurate Retail, Inc.
Qurate Retail, Inc. operates and owns interests in a broad range
of digital commerce businesses. Qurate Retail, Inc.’s businesses
and assets consist of QVC (and its subsidiaries, including HSN),
Zulily and the Cornerstone Brands (collectively, the Qurate Retail
Group) as well as various green energy and other investments.
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