Geeknet (GKNT) Promotes CFO Kathryn McCarthy to CEO

February 7, 2013 5:04 PM EST
Geeknet, Inc. (Nasdaq: GKNT), announced that Chief Financial Officer Kathryn McCarthy has been appointed Chief Executive Officer and President of Geeknet and named to the Board of Directors. Ken Langone, Geeknet's current Chief Executive Officer, President and Chairman, will remain as Chairman of the Board of Directors.

Geeknet also announced that Ali Sorbi, Vice President of Financial Planning and Analysis for Geeknet, has been appointed Chief Financial Officer. All appointments are effective March 1, 2013.

Ms. McCarthy has served as Geeknet's Executive Vice President and Chief Financial Officer, since January 2011. Prior to joining Geeknet, Ms. McCarthy spent 18 years at General Electric where she was named an officer of the Company in 2003. As Vice President and CFO of GE Healthcare in London, she partnered with the CEO to deliver global growth, reduce costs and support mergers and acquisitions and integration activities. As Vice President of the GE Audit Staff, she led global audits and reported frequently to the Audit Committee and the Board of Directors. She also served as CFO of GE Transportation Systems and held leadership positions within GE Plastics in Europe and the US.

Mr. Sorbi joined Geeknet in 2011 and has served as the Company's Vice President of Financial Planning and Analysis since May 2012. Prior to joining Geeknet, Mr. Sorbi served as Manager of Financial Planning and Analysis at Rosetta Stone, a provider of technology-based language-learning solutions. Previously, Mr. Sorbi was a Senior Financial Analyst at Beers and Cutler PLLC (now Baker Tilly Virchow Krause, LLP), an accounting and advisory firm.

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