Comcast Senior Executive Robert S. Pick Joins ValueVision Board of Directors
MINNEAPOLIS, MN -- (Marketwired) -- 05/09/13 -- ValueVision Media,
Inc. (NASDAQ: VVTV), a multichannel retailer operating as ShopNBC,
today announced the appointment of Robert S. Pick, Senior Vice
President of Corporate Development of Comcast Corporation (NASDAQ:
CMCSA), to its Board of Directors, effective as of May 7, 2013.
Comcast, through its ownership of NBC Universal, has an ownership
stake of more than 7.1 million ValueVision shares, representing
approximately 14.5% of the total ValueVision shares outstanding. Mr.
Pick assumes the Board vacancy created by the resignation of
Catherine Dunleavy, following the expansion of her responsibilities
as EVP and CFO of Comcast's NBC Universal Cable Entertainment Group.
Mr. Pick currently serves as Senior Vice President of Corporate
Development of Comcast Corporation, overseeing the company's
corporate development and merger and acquisition activities. He
joined Comcast in 1989 and has played an integral role in shaping
Comcast's strategic vision and its implementation.
"It gives me great pleasure to welcome Bob to our Board," said
ValueVision Media Chairman Randy Ronning. "He has an impressive
background in strategic corporate development coupled with a
comprehensive understanding of our multichannel retailing space. We
look forward to benefiting from his insights and experience to
enhance shareholder value."
Mr. Pick commented: "I am delighted to be joining ValueVision's Board
of Directors and look forward to working with Randy and the rest of
During Mr. Pick's tenure at Comcast, he worked on newly-created NBC
Universal joint venture with GE Corporation; the sale of spectrum to
and creation of a joint operating entity with Verizon Wireless; the
acquisition of AT&T Broadband; the unwinding of Comcast's stake in
Time Warner Cable; acquisitions of the cable assets of Adelphia
Communications, Maclean Hunter, EW Scripps and Jones Cable; the
startup of the telecommunications company, Teleport, and the high
speed broadband company, @ Home; the acquisitions of E! Entertainment
and the Golf Channel; and the acquisition and sale of QVC and Comcast
Prior to joining Comcast, Mr. Pic
k held various financial positions
with Bell Atlantic and spent 10 years with KPMG Peat Marwick. Mr.
Pick has served on the Boards of several Comcast companies and
charitable organizations. A graduate of Drexel University with a BS
in finance and accounting, Mr. Pick serves on the President's
Leadership Council of Drexel University, and he has served on the
LeBow Accounting Department Advisory Board.
About ValueVision Media/ShopNBC (www.shopnbc.com/ir)
ValueVision Media, Inc. operates ShopNBC, a multichannel electronic
retailer that enables customers to shop via TV, phone, Internet and
mobile devices and to interact via the ShopNBC website as well as
Facebook, Twitter and YouTube. The ShopNBC television network reaches
84 million cable and satellite homes and is also available nationwide
on PCs, tablets and iPhone, Android and other mobile devices via live
streaming at www.shopnbc.com. ShopNBC's merchandise categories
include Home & Consumer Electronics, Beauty, Health & Fitness,
Fashion & Accessories, and Jewelry & Watches. Please visit
www.shopnbc.com/ir for more investor information.
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