Qurate Retail Creates New Chief Transformation Officer Role; CFO Steps Down

  • Qurate Retail Group, part of Qurate Retail Inc QRTEA, said its Chief Financial Officer Jeffrey A. Davis has resigned from the company.
  • The Group has appointed James Hathaway as its interim CFO.
  • Hathaway joined Qurate Retail Group in May 2021 as Senior Vice President to lead finance for its largest reporting unit, QxH.
  • Qurate Retail Group also announced the creation of a Chief Transformation Officer role with the primary focus to accelerate the implementation of Project Athens, a three-year plan to stabilize revenue, expand adjusted OIBDA margin and generate incremental free cash flow.
  • William Hunter has been promoted to Chief Transformation Officer from Senior Vice President, Business Transformation & Shared Services, to lead the transformation.
  • Price Action: QRTEA shares are trading lower by 5.21% at $3.37 on the last check Wednesday.
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