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Stock Market & Financial Investment News

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June 23, 2014
13:43 EDTVVTV, HSNIValueVision shares up 4% after naming Mark Bozek CEO, reconstitutes board
Earlier today, ValueVision Media (VVTV), a multichannel electronic retailer operating as ShopHQ via TV, Internet and mobile, announced it has reconstituted its Board of Directors and has unanimously appointed Mark Bozek CEO and Bob Rosenblatt Non-Executive Chairman of the Board, effective immediately. Mr. Bozek succeeds Keith Stewart, who has resigned as CEO and as a director of the company. Mr. Bozek has more than 20 years of senior executive experience in the multi-channel commerce, electronic retailing and entertainment industries, including having served as CEO of HSN (HSNI), SVP of QVC,, and as a producer at Fox Television. ValueVision also announced that IVS Associates, the independent inspector of elections, has certified the voting results at the company's Annual Meeting, held on June 18. Four ValueVision nominees and four nominees of the Clinton Group were elected to the ValueVision Board of Directors. The Board has appointed former President of Saks Fifth Avenue, also a fifth Clinton Group nominee, Ronald Frasch, as a director following Mr. Stewart's resignation. Accordingly, the Board will consist of: Thomas Beers, Mark Bozek, John Buck, Ronald Frasch, Landel Hobbs, Lowell Robinson, Bob Rosenblatt and Fred Siegel. The newly reconstituted Board will focus on further strengthening the Company's financial and operating performance and delivering meaningful returns for all ValueVision shareholders. Shares of ValueVision Media are up almost 4% to $5.17 in afternoon trading.
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