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QVC parent announces CEO succession plan

Qurate Retail Inc. (QRTEA) has named David Rawlinson II its next president and chief executive, effective October 1. Rawlinson succeeds Mike George, who was head of QVC and then Qurate Retail for nearly 16 years. George will start a transition period on August 1, then stay on as a senior advisor beginning October 1, before retiring at the end of the year. Rawlinson has previously served as chief executive of NielsenIQ and president of Grainger Global Online. He will join the Qurate board on Jan. 1, 2022 when George steps down. Qurate stock is up 14.2% for the year to date while the S&P 500 index has gained 16.7% for the period.

-Tonya Garcia; 415-439-6400; AskNewswires@dowjones.com

 

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07-13-21 1009ET

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