Gilt Groupe, Inc. Promotes Andy Page from Chief Financial Officer to President

NEW YORK, Oct. 5, 2011 /PRNewswire/ -- Gilt Groupe, Inc., the innovative online shopping destination, today announced that Andrew Page has been promoted to the role of President from Chief Financial Officer, effective immediately. Mr. Page will report directly to Kevin Ryan, Founder and CEO. In his new position, Mr. Page will have operational responsibilities for Gilt's various business units, including Women's, Gilt MAN, Gilt Children, Gilt Home, Gilt Taste, Park & Bond, and Gilt City.

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Since joining Gilt as CFO in April 2010, Mr. Page has led the Finance and Operations organizations through significant advances that have effectively supported Gilt's growth. During his tenure as CFO, the company completed two acquisitions and a financing round, built a highly automated distribution facility, and enhanced overall operating efficiency.  

"Andy has been doing a fantastic job leading the various businesses over the last five months as the acting President, in addition to his CFO responsibilities," said Ryan. "He has demonstrated the strategic and managerial skills to lead the company's operations going forward."

"I look forward to continuing to work with Susan Lyne, Kevin, and the entire Gilt team as we continue to grow and further establish ourselves as a leading online lifestyle destination," said Page.

Mr. Page brings 20 years of experience to Gilt.  Prior to joining the company, Mr. Page was Chief Operating and Financial Officer of PlayPhone Inc., where he was responsible for managing all aspects of the company's operations across multiple countries. Before PlayPhone, Mr. Page was the Chief Financial Officer & SVP Business Strategy at StubHub, Inc., where he managed the company's financial operations, business strategy, financial reporting, administrative functions, and led the company's sale to eBay in 2007. Mr. Page has also held senior executive positions at Panasas, Inc., ONI Systems Corp., and Robertson Stephens & Company. He is currently an advisor to several private e-commerce companies. Page holds an AB from Princeton University and a MBA from Harvard Business School.

About Gilt Groupe, Inc.

Gilt Groupe, www.gilt.com, is an innovative online shopping destination offering its members special access to the most inspiring merchandise, culinary offerings, and experiences every day, many at insider prices. Gilt continually searches the world for the most coveted brands and products, including fashion for women, men, and children; home decor; artisanal ingredients; hotels and travel experiences on every continent; and unique activities in a growing list of cities and destinations. We believe that every day is an opportunity to inspire and be inspired.

SOURCE Gilt Groupe, Inc.

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