RedEnvelope announces management changes

04 Apr '07

2 min read

RedEnvelope Inc announced a series of management changes.
• Ken Constable, President and Chief Executive Officer, has resigned his positions with the Company to pursue other business opportunities;
• John Pound, previously Chairman, has been named Executive Chairman, and will assume day-to-day leadership responsibilities;
• Frank Buettner, previously Chief Operating Officer, has been named President and Chief Operating Officer; and
• Chris Nordquist, previously General Counsel, has been named Chief Administrative Officer and General Counsel and will have responsibility for business development and special projects.

Commenting on the changes, John Pound said, "These changes reflect the evolution of our business and priorities. We extend to Ken our thanks for his leadership in a critical transitional year in which we achieved operational stability."

Mr. Pound continued, "As we look to fiscal 2008, our focus shifts to re-energizing the RedEnvelope brand and product offering. We have a wealth of talented individuals, many of whom have joined us over the past year and who share a passion for the brand and a vision for achieving those goals."

"As a large investor in the company and as Chairman, I have confidence in our team and look forward to the opportunity to work with them to create a compelling creative vision for RedEnvelope and our customers."

RedEnvelope Inc

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