Private investment firm Comvest Partners acquires the financially troubled e-retailer, which filed for Chapter 11 bankruptcy protection in March.
Former Mervyns’ finance manager David Robson will replace Ted Sanders.
U.S. Auto Parts Network Inc. has a new chief financial officer.
U.S. Auto Parts, No. 59 in the Internet Retailer Top 500 Guide, has named David Robson to replace Ted Sanders as the company’s top financial executive. Sanders will serve as an interim consultant during a transition process, says CEO Shane Evangelist.
Robson most recently served as executive vice president and chief financial officer for Mervyns’ LLC, a department store chain. He also previously worked as vice president of accounting for Guitar Center Inc. (No. 44) and with accounting firm Deloitte & Touche.
At U.S. Auto Parts Network Robson will receive an annual base salary of $300,000, an annual performance bonus of up to 50% of his base pay and stock options, according to a new filing from U.S. Auto Parts Network with the U.S. Securities & Exchange Commission.
In the same filing U.S. Auto Parts Network revealed that Sanders will be paid on a pro-rated basis of his previous annual salary of $307,000 while working as an interim consultant.