ShopNBC Monday appointed QVC alum David Balliet as vice president of merchandising analytics.
Balliet joins ShopNBC with more than two decades of multi-media retailing experience in merchandising operations. Previously, he held several leadership roles in inventory planning and merchandise operations at QVC, serving most recently as vice president business analysis and reporting.
“We are excited to have Dave join the ShopNBC team,” ShopNBC president Bob Ayd said in a canned statement. “He comes to us with a proven background and leadership in the electronic retailing industry, along with significant expertise in optimizing merchandising operations. We look forward to leveraging his strong business analysis and inventory management capabilities to further drive our business.”
In accordance with the NASDAQ Marketplace Rule 4350, Balliet is being granted inducement stock options as of his first day of employment with ShopNBC, covering the right to purchase 50,000 shares of the company’s common stock. The options will have an exercise price equal to the closing price of the company’s common stock on the date of the grant.