Everybody wants to pass from good to better.
Susan M. Lyne, who recently resigned from the post of chief
executive of Martha Stewart Living Omnimedia, is now the new chief executive of
online fashion retailer Gilt Groupe, the company announced on Monday.
Susan Lyne is succeeding Alexis Maybank, the co-founder of
the luxury Web site, which was launched last November, with some help from
former DoubleClick chief Kevin Ryan, who is also an investor in Gilt, according
to The New York Times.
Gilt is an online fashion retailer that can only be accessed
with an invitation, as it guarantees exclusive items at sample-sale prices. The
corporation is among the e-commerce companies owned by Alley Corp., which also
holds Silicon Alley Insider and Music Nation. In addition to this, Gilt
received in November an important $5 million investment from Matrix Partners.
Susan Lyne told The New York Post that she received the
offer of joining Gilt Groupe from Matrix, that contacted her soon after she
announced that she had planned on leaving her job at Martha Stewart.
“They said what would [you] rather do, work at a company
where you are fixing other people’s mistakes or go somewhere and start
something new?” Ms. Lyne said. “It’s an incredibly exciting opportunity,” she
added.
Alexis Maybank will reportedly serve as Gilt Groupe’s chief
strategy officer.
When Susan Lyne announced her resignation from Martha
Stewart in July, she gave no precise reasons for her departure, explaining only
that she felt she had completed her mission there.
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