New York–The Home Shopping Network has announced that CEO Mindy Grossman will step down from her position effective May 24.
She is leaving to join Weight Watchers, where she has been appointed president and CEO.
Grossman joined IAC, HSN’s former parent company, in 2006 as CEO of IAC Retail, moving into the role of CEO of HSN two years later.
HSN said its board has retained a national search firm to help find a successor.
Additionally, it has established the Office of the Chief Executive, whose members will manage the company’s day-to-day operations and engage with the board regularly until a successor has been named.
The office will consist of Rod R. Little, chief financial officer; William C. Brand, chief marketing officer of HSNi and president of HSN; and Judy A. Schmeling, chief operating officer of HSNi and president of Cornerstone Brands, Inc.
HSN stands at No. 26 on National Jeweler’s $100 Million Supersellers list in the 2016 State of the Majors report.