Gilt Names New CEO

MICHELLE PELUSO GiltMichelle Peluso - Gilt
NEW YORK - Flash sale retailer has appointmed Michelle Peluso ceo. A board member since October 2009, she will step into her new role at the end of February.
     Gilt founder and ceo Kevin Ryan will become chairman, and Susan Lyne will become vice-chairman.
     "I'm tremendously excited to be leading a company with a brand I love and a team I've come to greatly admire," said Peluso. "Gilt has done a terrific job establishing itself as one of the most innovative online shopping destinations and I am looking forward to continuing to build on Gilt's growth and success."
     Peluso is currently Citigroup's global consumer chief marketing and internet officer. She was the ceo of Travelocity from 2003 to 2009 after serving as the company's chief operating officer. She joined Travelocity in 2002 upon the company's acquisition of Site59, a travel site she created and launched in 2000 that offered last minute deals. Prior to leading Site59, Peluso served as a White House fellow and senior advisor to Labor Secretary Alexis Herman and worked as a case leader for The Boston Consulting Group in New York and London.
     "Michelle's deep Internet experience, coupled with her operating and marketing background, made her my ideal choice to be Gilt's ceo going forward," said Ryan. "We have worked together for three years as fellow Board members and I am thrilled she will be leading Gilt to its next level of growth and market leadership."

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