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Market Developments

ShopHQ CEO resigns, replaced by former HSN CEO

June 24, 2014

ValueVision Media has named Mark Bozek, pictured here, as CEO effective immediately, replacing Keith Stewart.

Minneapolis--ValueVision Media, the parent company of ShopHQ (formerly ShopNBC), named Mark Bozek as its new CEO, effective immediately. He succeeds Keith Stewart, who resigned as CEO and as a director of the company. 

Bozek has more than 20 years of experience in the multi-channel commerce, electronic retailing, and entertainment industries, including positions as CEO of HSN Inc., senior vice president of QVC and producer at Fox Television.

The company also announced the reconstruction of the board of directors. Ronald Frasch, the former president of Saks Fifth Avenue who left the retailer after its purchase by Hudson’s Bay Company, has been elected as a director of the company following Stewart’s departure.

Meanwhile, Bob Rosenblatt, who has more than 25 years’ experience leading mid- and large-sized retailers, has been named as non-executive chairman of the board.

Five new members were added to the board as well. The newly reconstructed body now is comprised of the following members: Thomas Beers; Bozek; John Buck; Frasch; Landel Hobbs; Lowell Robinson; Rosenblatt and Fred Siegel.

“We are pleased to welcome Mark Bozek, a pioneer and innovator in the retail and electronic retailing industries, as our new CEO. Mark has a proven track record of building consumer brands and driving revenue at both HSN and QVC, and we expect to leverage his expertise as ValueVision embarks on its very exciting next stage,” said board member Buck.

He added, “On behalf of the board, I would like to thank Keith Stewart, along with the other outgoing directors--Jill Botway, William Evans, Sean Orr and Randy Ronning--for their many contributions to ValueVision. We wish them all good things in their future endeavors.”