Andy Page, Gilt’s President, is departing the luxury online retailer, we’ve learned.
Gilt promoted Page to the role of President from Chief Financial Officer in 2011, where he was responsible for the operations of Gilt’s various verticals, including Women’s, Gilt MAN, Gilt Children, Gilt Home, Gilt Taste, Park & Bond, and Gilt City.
He joined Gilt as CFO in 2010, leading the company through a number of fundraising rounds and acquisitions. Prior to joining the company, Page was Chief Operating and Financial Officer of mobile social gaming company PlayPhone. Page also served as Chief Financial Officer & SVP of Business Strategy at StubHub and helped lead the company’s sale to eBay in 2007.
Gilt has recently shuffled its leadership. Co-founder Kevin Ryan recently announced that he would leave the CEO position (but will remain as chairman of the board). Travelocity CEO, former Citigroup Exec, and Gilt Board member Michelle Peluso will be taking over the CEO this year.
Ryan explains that Page had been commuting to New York from San Francisco since 2010, and this taxing arrangement didn’t make sense for his personal life. He says that Page was integral in helping the company become EBITDA positive (the company turned profitable on EBITDA basis in Q4), and has helped turn Gilt from a company that was losing $60 million per year to one that is now approaching overall profitability. It’s unclear whether the company will hire someone to replace Page, says Ryan.
Page says that while he loves Gilt, and despite the company’s rapid growth; he couldn’t continue to do the commute while having a family on the West Coast. The leadership of the company has to be in New York, he explains.
Page is going to be at Gilt until March (when Peluso starts her role) and will then move onto other opportunities in the Bay Area.