Private investment firm Comvest Partners acquires the financially troubled e-retailer, which filed for Chapter 11 bankruptcy protection in March.
The shoe and apparel retailer also hires a new vice president for business development.
Multichannel shoe and apparel retailer The Finish Line Inc. has hired Terry Ledbetter as chief information officer. He will report to chief operating officer Steve Schneider.
The Finish Line is No. 166 in the Internet Retailer Top 500 Guide.
Ledbetter had worked at Dick’s Sporting Goods Inc., No. 130 in the Top 500 Guide, as vice president of information technology. At Finish Line, he will oversee information systems strategy for the retailer’s e-commerce business and more than 600 stores.
“Information technology is critical to the growth of Finish Line and essential to delivering premium service to our customers,” Schneider says. “We are making significant investments in technology and infrastructure and are excited to have a talented and experienced leader such as Terry join our team.”
The Finish Line also says it has hired Donald Gualdoni as vice president, business development and corporate strategy.
Gualdoni will report to chief administrative officer Gary Cohen.
Gualdoni comes from LexisNexis, where since 2009 he was senior director, strategy and planning. Prior to that, he was director of business development and innovation for defunct consumer electronics retailer Circuit City, a position he held for two years.