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ValueVision Media, Inc. (VVTV) Announces Appointment of New Members to Board of Directors
ValueVision Media, an electronic retailer that distributes through TV, Internet, and mobile, announced today that it has appointed Landel C. Hobbs and Lowell W. Robinson to its board of directors, effective immediately. Following this appointment, the ValueVision Board is now comprised of eight directors, seven of whom are independent.
“We are very pleased to welcome two extremely accomplished and independent directors to ValueVision’s Board,” said Randy Ronning, ValueVision’s Chairman. “Both Landel and Lowell are dynamic, change-oriented individuals with excellent track records of performance in fields that are highly relevant to our business. Landel’s deep operating and management experience in cable and Lowell’s broad based marketing and strategic background, as well as his vast public company Board experience, will complement our existing Board’s skills and further support our successful execution of ValueVision’s strategy. On behalf of the Board, we look forward to working closely with Landel and Lowell as we continue to build value for our shareholders.”
Landel C. Hobbs has 18 years of experience in the media and telecommunications sectors. He has held roles in financial, strategic, and operational leadership. His previous position was as Chief Operating Officer of Time Warner Cable, where he led a major overhaul of the operational structure. In addition, Mr. Hobbs headed up the relaunch of Time Warner Cable’s commercial line of business in 2009, as well as directing the company’s rebranding initiatives and its creation of proprietary customer segmentation, pricing architecture and yield management. Mr. Hobbs will serve on the Audit Committee and the Nominating and Corporate Governance Committee.
Lowell W. Robinson has an impressive depth of public company experience and extensive comprehension of the Internet, media, consumer, and retail industries. Throughout his notable career, Mr. Robinson has worked in senior global financial leadership positions at Citigroup Inc. and Kraft Foods. He has also been Chief Financial Officer of several public companies including ADVO, HotJobs.com, and MIVA, and has led transformational initiatives at board and operational levels. Furthermore, Mr. Robinson has been on a variety of public company boards, including The Jones Group, International Wire Group, Inc., and Edison Schools Inc. While serving as a public company director, he has held roles as chair of compensation and audit committees. Mr. Robinson is also a member of the Smithsonian Libraries Advisory Board and the Board of the Metropolitan Opera Guild. Mr. Robinson will serve on the Finance Committee and the Human Resources and Compensation Committee.
Messrs. Hobbs and Robinson are expected to stand for re-election at ValueVision’s 2014 Annual Meeting.
For further information, please visit www.shophq.com
