QVC Group Appoints Alex Wellen as President & Chief Growth Officer
Rhea-AI Summary
QVC Group (Nasdaq: QVCGA) has appointed Alex Wellen as President & Chief Growth Officer, effective immediately. Wellen, who brings over 20 years of experience in digital media and product innovation, will lead QVC Group's growth strategy across U.S. Social Selling, Streaming, Digital platforms, New Business Development, and Platform Distribution.
Reporting to CEO David Rawlinson II, Wellen joins from MotorTrend Group, where he served as CEO and President. Previously, he held senior leadership positions at Turner Broadcasting and CNN Worldwide. The appointment aligns with QVC's strategy to transform into a live social shopping company, leveraging Wellen's expertise in innovating and driving growth through live experiences across social, digital, and TV platforms.
Positive
- Strategic hire with extensive digital media and product innovation experience
- Focus on returning to top-line growth through live social shopping transformation
- Addition of proven leadership in scaling transformational digital businesses
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, QVCGA declined 5.44%, reflecting a notable negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Veteran growth leader to accelerate and advance the company's focus on live social shopping
Wellen will define and lead QVC Group's growth strategy across
"Alex is a pivotal hire in our strategy to return to top-line growth by becoming a live social shopping company," said Rawlinson. "Alex brings an impressive blend of media and digital product expertise to our top leadership team. He has a proven ability to innovate and drive growth through live experiences on social, digital, TV and many other platforms. His unique skillset will be instrumental as we continue to execute our growth strategy, build new capabilities, and compete to win."
Wellen joins QVC Group with an exciting background in modernizing global brands and scaling transformational digital businesses across a wide range of sectors. He most recently served as CEO and President of MotorTrend Group, a world leader in media for automotive enthusiasts. MotorTrend Group was formerly a Warner Bros. company prior to its sale to Hearst in 2024. Wellen has also held strategic senior leadership roles at Turner Broadcasting and CNN Worldwide.
"QVC and HSN are the original disruptors. They pioneered storytelling through live shopping, and are poised to transform the experience again across social and digital, connecting consumers whenever and wherever they shop," said Wellen. "With beloved hosts who are trusted by hundreds of millions of fans worldwide, it's a privilege to join this iconic brand and world-class team at such a pivotal moment in the convergence of retail and media."
Wellen's appointment is effective immediately.
About QVC Group
QVC GroupSM is a live social shopping company that redefines the shopping experience through video-driven commerce on every screen, from smartphones and tablets to laptops and TVs. QVC Group brings innovative products, compelling content, and unforgettable moments to millions of shoppers worldwide via social platforms, streaming apps, ecommerce sites and TV channels, making every screen a doorway to discovery, delight and community.
QVC Group reaches more than 200 million homes worldwide via 15 television channels, which are widely available on cable/satellite TV, free over-the-air TV, and FAST and other digital livestreaming TV. The retailer also reaches millions of customers via its QVC+ and HSN+ streaming experience, Facebook, Instagram, TikTok, YouTube, Pinterest, websites, mobile apps, print catalogs, and in-store destinations.
QVC Group, Inc. (NASDAQ: QVCGA, QVCGB, QVCGP) is a Fortune 500 company with six leading retail brands – QVC®, HSN®, Ballard Designs®, Frontgate®, Garnet Hill® and Grandin Road® – and other minority interests. Headquartered in
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SOURCE QVC Group