ST. PETERSBURG, Fla., April 4, 2011 /PRNewswire/ -- HSN, Inc. (Nasdaq: HSNI), a leading interactive multi-channel retailer with strong direct-to-consumer expertise across its two business segments HSN and Cornerstone, announced today that Mitchell Hara has been appointed Senior Vice President of Corporate Strategy/M&A, a newly created position, effective immediately. He will report directly to Judy Schmeling, Chief Financial Officer of HSNi.
In his new position, Mr. Hara will assist with the overall corporate strategy, identifying and developing new strategic initiatives and leading the strategic planning process for the Company. He will also evaluate and oversee potential strategic partnerships and transactions.
"Mitch's 20 years of investment banking and capital markets experience, as well as his deep knowledge of the retail sector make him a great addition to our team," said Judy Schmeling, CFO of HSNi. "We look forward to working with him to maximize HSNi's growth opportunities."
Mr. Hara has significant experience in the retail and e-commerce sectors and a strong expertise in M&A, leveraged finance and equity capital markets. Prior to joining HSNi, Mr. Hara was a Managing Director of Mergers and Acquisitions at Peter J. Solomon Company. Previously, he led the Specialty Retail Practice at Citigroup Global Markets, Inc. In addition, he has held similar positions at Merrill Lynch & Co., Wasserstein Perella & Co. and Citibank, N.A.
Mr. Hara holds a Bachelor of Science Degree in Finance from Syracuse University and a Masters in Business Administration from the Harvard Graduate School of Business.
HSN, Inc. (Nasdaq: HSNI) is a $3 billion interactive multi-channel retailer with strong direct-to-consumer expertise and operates two business segments, HSN and Cornerstone. HSNi offers an innovative, differentiated retail experience on TV, online, via mobile, in catalogs, and in brick and mortar stores. HSN delivers a curated assortment of exclusive products and top brand names, and broadcasts live 24 hours a day, seven days a week, 364 days a year, reaching approximately 96 million homes. HSN.com is a top 10 most trafficked e-commerce site that creates a unique experience by leveraging content, community and commerce. In addition, HSN is an industry leader in transactional innovation, offering services such as HSN Shop by Remote®, the only service of its kind in the U.S.; mobile applications, including HSN apps for iPad®, iPhone®, Android™; and HSN on Demand®. Cornerstone is comprised of leading home and apparel lifestyle brands, including Ballard Designs, Frontgate, and Garnet Hill. Cornerstone operates eight separate e-commerce sites, distributes more than 275 million catalogs annually, and has 20 retail and outlet stores.