EVINE Live (EVLV) Names Bob Rosenblatt as Permanent CEO

August 18, 2016 4:33 PM EDT
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Evine Live Inc. (NASDAQ: EVLV), a multiplatform video e-commerce company today announced that Bob Rosenblatt, currently Evine’s Chairman of the Board and interim Chief Executive Officer, has been appointed permanent Chief Executive Officer, effective immediately. In connection with the appointment, Rosenblatt has agreed to remain a member of the Board of Directors, but will step down as Board Chairman. Landel Hobbs, currently the Company’s Lead Independent Director and Vice Chair, will succeed Rosenblatt as Chairman of the Board.

“I am excited to have this opportunity to lead Evine and become a permanent member of this energized management team. Since assuming the role of Interim CEO earlier this year I feel we have made significant progress towards improving the Company’s merchandising balance, accelerating the development of engaging brands our customers love and prioritizing profitability for continued shareholder growth,” stated Rosenblatt. “We feel interactive video commerce is the most dynamic opportunity in the retail landscape today and we are positioned well to continue to deliver this experience to our customers.”

“During the past six months, Bob has shown that there is no better person to lead Evine,” says Landel Hobbs, Evine’s new Chairman of The Board. “Bob’s proven leadership, his years of both traditional retail and electronic retail experience, and his abilities to inspire and coalesce the team around him makes him the perfect person at this exciting time in video commerce. After reviewing and interviewing many candidates, we came to the conclusion that Bob is the ideal individual to take Evine to the next level of video-based retailing.”

About Bob RosenblattMr. Rosenblatt has more than 25 years of leadership experience at a number of leading retail organizations, including Tommy Hilfiger, HSN (formerly the Home Shopping Network) and Bloomingdale’s. As Group President and COO of Tommy Hilfiger Corporation, he grew revenues and profitability and built the company’s first transactional web site. Mr. Rosenblatt co-managed the process which culminated in the Tommy Hilfiger Company successfully being sold to Apax Partners in 2006. Mr. Rosenblatt also previously served as CFO, COO and President of HSN. Mr. Rosenblatt introduced and built HSN’s online operation, which achieved profitability within three months of inception. As CFO at Bloomingdale’s, Mr. Rosenblatt was responsible for financial reporting, financial planning and administrative management. Most recently, Mr. Rosenblatt was the CEO of Rosenblatt Consulting, LLC, which specializes in helping investment firms determine value in both public and private companies in the consumer products sector, as well as helping retail firms maximize profitability. Mr. Rosenblatt currently serves on several public and private boards in the retail and technology industry and previously taught at FIT (Fashion Institute of Technology) as an Adjunct Professor.

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