Wafford remains Chief Financial Officer with
additional oversight of Business Transformation and People &
Organizational Strategy to support growth strategies.
WEST
CHESTER, Pa., April 10,
2024 /PRNewswire/ -- Qurate Retail
GroupSM, part of Qurate Retail, Inc. (Nasdaq: QRTEA,
QRTEB, QRTEP), today announced that Chief Financial Officer
Bill Wafford has been promoted to
the expanded role of Chief Administrative Officer and CFO. In
addition to his current role as CFO, Wafford will also oversee the
company's Transformation office, which remains focused on embedding
best practices to support the company's turnaround and growth, and
the global People function, which includes compensation &
benefits, payroll, talent acquisition, and people &
organizational effectiveness. Wafford will continue to report to
David L. Rawlinson II, President and
CEO of Qurate Retail, Inc.
"In the third and fourth quarters of 2023, we reached an
inflection point in our turnaround – demonstrated by consecutive
growth in adjusted OIBDA and free cash flow. As we continue to
build on this progress in 2024, it is time to reorganize parts of
the business to align," said David
Rawlinson. "Bringing Finance, Transformation and People
together under Bill allows the teams to work more closely as we
evolve the way we operate while staying vigilant in how we manage
spend and maintain rigor, discipline and agility. Bill's financial
strategy leadership, experience in business transformation, and
strong cross-functional relationships make him well positioned to
lead in this new structure."
The Transformation Office will continue to be led by Chief
Transformation Officer, Bill Hunter,
who will now report to Wafford. Linda
Aiello, who was appointed as Chief People Officer in
October 2022, previously made the
decision to depart Qurate Retail Group for a new opportunity. She
will stay with the company through April to support the transition.
A formal search for a People leader to report to Bill Wafford has commenced.
"Under Linda's leadership, we made meaningful progress in
aligning People strategies to support our turnaround and further
elevate our team member experience," continued Rawlinson. "This
included new leadership development programs and greater structure
around how we understand and approach organizational health. We
thank Linda for her contributions and wish her well."
Wafford's appointment is effective immediately. Wafford joined
the organization in March of 2023 as Chief Financial Officer. Prior
to joining Qurate Retail, he held CFO positions with Everlane,
Vitamin Shoppe, and JC Penney.
About Qurate Retail Group
Qurate Retail GroupSM comprises six leading
retail brands – QVC®, HSN®, Ballard
Designs®, Frontgate®, Garnet
Hill® and Grandin Road® – all
dedicated to providing a more human way to shop. Qurate Retail
Group is the largest player in video commerce ("vCommerce"), which
includes video-driven shopping across linear TV, ecommerce sites,
digital streaming and social platforms. The retailer 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 digital livestreaming TV. The retailer also reaches
millions of customers via its QVC+ and HSN+ streaming experience,
websites, mobile apps, social pages, print catalogs, and in-store
destinations. Qurate Retail Group combines shopping and
entertainment to curate products, experiences, conversations and
communities for millions of highly discerning shoppers.
Headquartered in West Chester,
Pa., Qurate Retail Group has team members in the U.S., the
U.K., Germany, Japan, Italy, Poland and China.
For more information,
visit qurateretailgroup.com or follow Qurate
Retail Group
on YouTube or LinkedIn.
Qurate Retail, Inc. (NASDAQ: QRTEA, QRTEB, QRTEP) is a
Fortune 500 company that includes the Qurate Retail Group portfolio
of brands as well as other minority interests.
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SOURCE Qurate Retail Group