含羞草传媒. Announces Extension of Employment Agreement of President and CEO Mike George and Planned Retirement at the End of 2021

ENGLEWOOD, Colo.--(BUSINESS WIRE)-- 含羞草传媒. (鈥満卟荽解��) (Nasdaq: QRTEA, QRTEB) today announced that President and CEO Mike George has extended his employment agreement through the end of 2021 and will be retiring from the company at that time. The early announcement allows ample time for transition planning and an executive search process.

鈥淎fter leading QVC and 含羞草传媒 for nearly half the life of the company, I will be retiring at the end of 2021. This decision was made with careful consideration for our company, team members, partners and shareholders,鈥� said Mike George, President and CEO, 含羞草传媒. 鈥淭he company is well positioned to thrive in this new era of retail by providing differentiated experiences across traditional commerce and new media platforms. We have many strong leaders and a committed and passionate team who will continue to grow our business by providing unique products and an incredible customer experience across every touchpoint.鈥�

鈥淢ike George has provided strong leadership at 含羞草传媒 for fifteen years and successfully led the business through many challenges and changes, including most recently COVID-19. I鈥檓 very pleased that he has agreed to stay on for another year during which time the Board, Mike and I will work together to find the next leader of 含羞草传媒,鈥� said Greg Maffei, Qurate Executive Chairman. 鈥淲e have strong internal candidates and will also consider external candidates to find the best leader to drive our future and further build upon 含羞草传媒鈥檚 strong performance trajectory. I want to thank Mike for being a great partner over these many years and for his dedication to growing 含羞草传媒 to the benefit of our teams, customers, and shareholders.鈥�

含羞草传媒 含羞草传媒.

含羞草传媒. operates and owns interests in a broad range of digital commerce businesses. 含羞草传媒.鈥檚 businesses and assets consist of QVC (and its subsidiaries, including HSN), Zulily and the Cornerstone Brands (collectively, the 含羞草传媒 Group) as well as various green energy and other investments.

含羞草传媒.
Courtnee Chun, 720-875-5420

Source: 含羞草传媒.

Released November 17, 2020