ValueVision Media, an
electronic retailer that distributes through TV, Internet, and mobile,
announced today that it has appointed Landel C. Hobbs and Lowell W. Robinson to
its board of directors, effective immediately. Following this appointment, the
ValueVision Board is now comprised of eight directors, seven of whom are
independent.
“We are very pleased to
welcome two extremely accomplished and independent directors to ValueVision’s
Board,” said Randy Ronning, ValueVision’s Chairman. “Both Landel and Lowell are
dynamic, change-oriented individuals with excellent track records of performance
in fields that are highly relevant to our business. Landel’s deep operating and
management experience in cable and Lowell’s broad based marketing and strategic
background, as well as his vast public company Board experience, will
complement our existing Board’s skills and further support our successful
execution of ValueVision’s strategy. On behalf of the Board, we look forward to
working closely with Landel and Lowell as we continue to build value for our
shareholders.”
Landel C. Hobbs has 18 years
of experience in the media and telecommunications sectors. He has held roles in
financial, strategic, and operational leadership. His previous position was as
Chief Operating Officer of Time Warner Cable, where he led a major overhaul of
the operational structure. In addition, Mr. Hobbs headed up the relaunch of
Time Warner Cable’s commercial line of business in 2009, as well as directing
the company’s rebranding initiatives and its creation of proprietary customer
segmentation, pricing architecture and yield management. Mr. Hobbs will serve
on the Audit Committee and the Nominating and Corporate Governance Committee.
Lowell W. Robinson has an
impressive depth of public company experience and extensive comprehension of
the Internet, media, consumer, and retail industries. Throughout his notable
career, Mr. Robinson has worked in senior global financial leadership positions
at Citigroup Inc. and Kraft Foods. He has also been Chief Financial Officer of
several public companies including ADVO, HotJobs.com, and MIVA, and has led
transformational initiatives at board and operational levels. Furthermore, Mr.
Robinson has been on a variety of public company boards, including The Jones
Group, International Wire Group, Inc., and Edison Schools Inc. While serving as
a public company director, he has held roles as chair of compensation and audit
committees. Mr. Robinson is also a member of the Smithsonian Libraries Advisory
Board and the Board of the Metropolitan Opera Guild. Mr. Robinson will serve on
the Finance Committee and the Human Resources and Compensation Committee.
Messrs. Hobbs and Robinson
are expected to stand for re-election at ValueVision’s 2014 Annual Meeting.
For further information,
please visit www.shophq.com
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