Chairman and CEO trade jobs
Online retailer Gilt Groupe announced yesterday that Susan Lyne will become chairman of the company and Kevin Ryan will assume the role of chief executive officer.
Previously Ryan served as chairman and Lyne as CEO.
Ryan, one of the founders of Gilt Groupe, said in a statement that the change would allow Lyne “to focus on new markets and businesses, key partnerships, and strategic opportunities,” while he handled day-to-day operations.
JCK examined the role of Gilt and other “flash sites” in the industry in an article in our May issue.