Holy Mackerel: HSN CEO Grossman To Head Oprah’s Weight Watchers

We guess we really shouldn’t have been surprised when we checked our email Wednesday and saw the press release that HSN CEO Mindy Grossman was leaving the home shopping network for another gig.

http://www.hsni.com/releasedetail.cfm?ReleaseID=1023076

Over the years she has been mentioned as a candidate for a number top jobs, including Avon.

But her landing at Weight Watchers International Inc., where lifestyle guru Oprah Winfrey is now queen, was quite a surprise. But it seems like a pretty smart move to hitch your wagon to Winfrey, without a doubt. So good for Grossman.

Meet Weight Watchers new president and CEO, Mindy Grossman

http://www.weightwatchersinternational.com/file/Index?KeyFile=2000269227

“Mindy is proven as a successful visionary and entrepreneurial force in business and I look forward to working with her,” Winfrey said in a statement. “She has the experience, the passion and the positive energy to take Weight Watchers to exciting new places.”

And threw in her two cents.

“I am thrilled to join Weight Watchers and lead the next phase of the company’s transformation,” she said.

“This is a tremendous opportunity to leverage technology and consumer insights to create innovative personal experiences, build loyal communities and accelerate growth. Ultimately, the ability to inspire people to live healthier and happier lives is what excites me both personally and professionally. I look forward to partnering with the Board – including Oprah – and the team to help Weight Watchers transform the lives of people around the world through weight loss and healthier living.”

There have been a zillion stories crediting Grossman with taking HSN to the next level, by bringing in name brands and vendors who gave the network a cachet.

On the other hand, her strategy alienated many long-time HSN fans. and home shopping channels have seen their revenue drop in the face of a tough retail environment.

Here’s part of the HSN press release on Grossman’s exit:

Grossman’s resignation will be effective on May 24, 2017, and she will not stand for election to the Board of Directors at the Annual Meeting of Shareholders on the same date. In the interim, she will work with senior management and the Board to ensure a smooth transition. The Board has retained a national search firm to assist with the search for a successor that will include both internal and external candidates.

In addition, the Board has established the Office of the Chief Executive whose members will manage the company’s day-to-day operations and engage with the Board on a regular basis until a successor is named. The Office of the Chief Executive 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.

Chairman of the Board Arthur C. Martinez said, “On behalf of the Board, we thank Mindy for her visionary leadership and many contributions to our company during a transformative period in its history. She has been a committed partner to the Board in the development of important initiatives that have created a solid foundation for the future. We will miss her energy, creativity and passion for our company, and wish her success in her future endeavors.”

“I’m extremely proud of what we’ve accomplished at HSNi and believe that the company is well positioned for the future. It has been an honor to work with such an inspired team over the past decade as we transformed the business to lead the future of boundaryless retail. With a focus on customer engagement, digital innovation, product excellence and immersive and community-oriented content, HSNi will be able to thrive in the modern retail environment, where consumers are looking for experiences and meaning,” Grossman said.

“I want to thank our Board and our talented management team for their partnership and support, and look forward to working with them to ensure a seamless transition.”

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9 Responses to “Holy Mackerel: HSN CEO Grossman To Head Oprah’s Weight Watchers”

  1. ann Says:

    Visionary or publicity seeking fraud, probably the latter. At least she didn’t ship everyone’s job to Poland like that imbecile at QVC, who is a complete waste.

  2. Mammaberti Says:

    WW has struggled for a long time. Oprah really didn’t help that much due to her not having much luck losing and keeping weight off. They have also gotten so expensive a lot of folks cannot afford to join.

  3. Carol Says:

    Good! Maybe the incumbent CEO for HSN will make it a decent home shopping channel again. Mindy will not be missed. She has turned HSN into a venue for celebrities with half-baked ideas and over priced junk. Some are ok; too many is overkill. She has also fired some good hosts, and hired some terrible ones. Bring the old HSN back! Goodbye Mindy and good riddance!

  4. SUSAN Says:

    HSN has struggled for a while….sales decreased 3 percent in the 3rd quarter and 1 percent in the 4th. Gross profits declined 7%.. Her tie ins to movies and TV shows didnt work either…….So i guess Mindy bailed when she had the chance. The problem with BOTH HSN & QVC is they show the same products over and over—HSN seems to be mostly beauty & electronics, and QVC shows their stale lineup Dyson, Serta, computers, copper pans, It Cosmetics, Argan Oil, Philosophy, and Dooney has really gotten boring. I wonder if QVC will follow suit with a new CEO…..They need to do something, their prices are high, products/programming repetitive and the majority of hosts downright annoying!

  5. Lil Says:

    Susan, unfortunately George is there to stay at QVC, he is a complete lackey for the sub humans at Liberty. He knows how to play the game, doesn’t care how many lives he ruins as long as he gets his millions year after year. QVC and George are a perfect example of what is wrong with America.

  6. Lovie Says:

    I think they brought her onboard in hopes that she could put them back on top again. I don’t blame her for leaving. When it becomes clear that something isn’t going to happen, why beat a dead horse? I’d rather move on to another opportunity than be fired.

  7. Queen Celeste Says:

    As I’m sure I’ve said before, I miss the earlier days of home shopping, before the endless celebrities (and their mothers!) on HSN, and all the boring brand name lines that you can buy in stores. I’ve started watching Jewelry Television and LC, as I like the less slick look. By the way, Michele Murphy (of ValueVision) is great on JT, smart and with a great sense of humor. Anyway, I hope HSN’s new CEO will bring good change, but I’m doubtful.

  8. Lil Says:

    You can be sure HSN new CEO will be a TV Shopping retread, it’s a dead dead means of retail. Think Mindy knew when to go. Opportunists always do.

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