HSN, Inc. Appoints Ann Sarnoff to Board of Directors
ST. PETERSBURG, Fla., Dec. 20, 2012 (GLOBE NEWSWIRE) -- Interactive
multichannel retailer HSN, Inc. (Nasdaq:HSNI) announced today that Ann Sarnoff
has been appointed to its Board of Directors and will serve on the
Compensation and Human Resources Committee. Ms. Sarnoff's appointment expands
the number of HSNi Board members to 10.
Ms. Sarnoff currently serves as the Chief Operating Officer of BBC Worldwide
Americas. She is responsible for the company's North American businesses and
has held this role since 2010. From 2006 until joining the BBC in 2010, Ms.
Sarnoff was President of Dow Jones Ventures and Senior Vice President of
Strategy for Dow Jones & Company, Inc. Previously, Ms. Sarnoff served for two
years as Chief Operating Officer of the Women's National Basketball
Association and spent ten years at Viacom Inc. where she ultimately became
Chief Operating Officer for VH1 and Country Music Television.
"We are extremely pleased that Ann will join our Board and leverage nearly 20
years of extensive business experience in media and entertainment," said
Arthur Martinez, Chairman of the Board. "Ann's expertise in developing and
growing businesses and brands, in addition to her proven success as a highly
accomplished leader, makes her a valuable addition to our Board."
"I look forward to working with Ann and leveraging her unique experiences to
assist us in executing against our strategic growth initiatives of creating
immersive experiences, offering differentiated products and leveraging
technology to build relationships, not just transactions," stated Mindy
Grossman, Chief Executive Officer of HSNi.
Ms. Sarnoff is a member of the executive advisory board of the McDonough
School of Business at Georgetown and is a member of the boards of Women's
Forum of New York and the Harvard Business School Women's Association of New
York. Ms. Sarnoff earned a Bachelor of Science degree from Georgetown
University and a Masters in Business Administration from Harvard Business
School. She was named one of the Most Powerful Women in Cable in 2011 and 2012
by CableFAX Magazine.
About HSN, Inc.
HSN, Inc. (Nasdaq:HSNI) is a $3 billion interactive multichannel retailer with
strong direct-to-consumer expertise among its two operating segments, HSN and
Cornerstone. HSNi offers innovative, differentiated retail experiences on TV,
online, via mobile devices, in catalogs, and in brick and mortar stores. HSN,
a leading interactive multichannel retailer which offers a curated assortment
of exclusive products combined with top brand names, now reaches approximately
96 million homes (24 hours a day, seven days a week, live 364 days a year).
HSN.com is a top 10 trafficked digital sales site that offers a differentiated
digital experience by leveraging content, community and commerce. In addition
to its existing media platforms, HSN is the industry leader in transactional
innovation, including services such as HSN Shop by Remote^®, the only service
of its kind in the U.S., the HSN Shopping App for mobile handheld devices and
HSN on Demand^®. Cornerstone comprises leading home and apparel lifestyle
brands including Ballard Designs^®, Chasing Fireflies^®, Frontgate^®, Garnet
Hill^®, Grandin Road^®, Improvements^® and TravelSmith^®. Cornerstone
distributes more than 300 million catalogs annually, operates eight separate
digital sales sites and operates 11 retail and outlet stores.
The HSN, Inc. logo is available at
CONTACT: Felise Glantz Kissell (Analysts/Investors)
Gigi Ganatra Duff (Media)
HSN, Inc. Logo
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