The e-retailer reports a $126 million net loss, stemming from a $640 million year-over-year increase in spending in the quarter on technology and content ...
Andrew Page will lead operations for the web retailer’s growing businesses.
Gilt Groupe Inc. said today that it has promoted Andrew Page to president from chief financial officer. He reports to Kevin Ryan, founder and CEO of the flash-sale operator, which has recently started to expand into full-priced e-commerce. Page has worked as acting president for the past five months.
In his new job, Page will oversee operations for Gilt Man, Gilt Children, full-priced retailer Park & Bond and other Gilt business units. Gilt is No. 49 in the Internet Retailer Top 500 Guide, and had Internet Retailer-estimated sales of $425 million last year, up 150% from $170 million in 2009.
Page joined Gilt as chief financial officer in April 2010.
During his time at that job Gilt made at least two acquisitions, raised capital and opened an automated distribution center. "Andy has been doing a fantastic job leading the various businesses as the acting president, in addition to his CFO responsibilities," says Ryan. "He has demonstrated the strategic and managerial skills to lead the company's operations going forward."
Before Gilt, Page worked as chief operating and financial officer for PlayPhone Inc., a social gaming company, and as chief financial officer and senior vice president of business strategy at StubHub Inc., a ticket reseller.