Zulily CEO Darrell Cavens is moving into a new role at QVC Group.

Zulily CEO Darrell Cavens sold his online retailing company to QVC two years ago for $2.4 billion.

Now, Cavens is going to do a little shopping of his own — on behalf of his employer.

In a press release today laying out a new organizational structure, the West Chester, Pennsylvania-based company announced that Cavens will be vacating the Zulily CEO role to serve as president of New Ventures for QVC.

In that new role, Cavens — who prior to co-founding Zulily with Mark Vadon in 2009 worked at online jewelry retailer Blue Nile — will be charged with “driving innovative retail concepts” via “internal innovation, strategic partnerships, joint ventures and acquisitions.”

The goal with the Cavens-led effort — a new one for QVC — will be “to imagine and develop new forms of discovery-based shopping.”

That means Cavens will have the rare opportunity to identify new growth opportunities for QVC, which is in the process of buying the Home Shopping Network for $2.1 billion. QVC is owned by Liberty Interactive, which is led by former Microsoft CFO Greg Maffei. Maffei has strong ties to Seattle, having previously served on the board of Expedia. He currently serves as a director of Seattle-based Zillow Group.

It’s likely that Cavens will have a pretty big checkbook to work with in the new role. Liberty Interactive was sitting on $905 million in cash and liquid investments at the end of the second quarter.

In an email to GeekWire, Cavens said that he will remain in Seattle in the new role. But Cavens declined to elaborate further on what he’ll be doing.

QVC is looking to stay relevant amid changing times in the retail world — a time when Amazon continues to flex its retailing muscle, and Walmart …read more

Source:: GeekWire

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