Gilt Groupe Names New CEO: Former Travelocity CEO Michelle Peluso

Ms. Peluso (Photo: Working World)

Earlier this afternoon, Gilt Groupe named a new CEO to replace founder (and current CEO) Kevin Ryan. Michelle Peluso, formerly the president and CEO of Travelocity, will take the top slot at the flash deals site beginning in February. Ms. Peluso, who currently serves as the chief marketing and Internet officer at Citigroup, is also the only outside member of Gilt Groupe’s board who isn’t an investor. She joined the board in October 2009.

“There aren’t that many people that you would trust to become CEO of a company that you’ve spent five years building and that has a thousand people,” Mr. Ryan told Betabeat by phone. “She’s always been my first choice. But in the process, midway through, you can’t say ‘Oh my God, I really want Michelle,’ because she hasn’t said yes yet; we haven’t made an offer yet.” Read More


Former Yahoo CEO Scott Thompson to Lead a Company You’ve Probably Never Heard Of

Liar? Who, me? (Photo:

As it turns out, cheating does not actually pay off in the long run, as one Pennsylvania mom and one disgraced Yahoo executive are finding out today. Former Yahoo CEO Scott Thompson announced today that he would be heading-up the two-year-old shipping service ShopRunner, a slight downgrade from leading one of the world’s largest tech companies.

In May, Yahoo sent Mr. Thompson packing after discovering he lied about his credentials on his resume, where he falsely claimed that he had a computer science degree. Presumably, Mr. Thompson has corrected his resume, though both ShopRunner and Mr. Thompson suspiciously forgot to mention his past at Yahoo when announcing the news. Read More


Nice RIMs! BlackBerry Maker’s Two CEOs Are Out


From the department of The iPhone Killed Everything: As pundits have been prognosticating, RIM’s two co-CEOs Jim Balsillie and Mike Lazaridis have stepped down after 20 years. The pair will have seats on the board but will be replaced by the German-accented COO Thorsten Heins, who has been in upper management at RIM for the last four years. “This is so fantastic and phenomenal to become the CEO,” he says in a video unearthed by Business Insider. “Being trusted by Jim, Mike and the board to follow Mike and Jim’s big footsteps.” Read More