Jumping the Nike Ship: Mindy Grossman Exits, Joins Barry Diller’s IAC
In another dramatic management shift at Nike Inc., Mindy Grossman has stepped down as global vice president of apparel to become chief executive officer of retailing at Barry Diller's IAC/InterActive Corp.
NEW YORK — In another dramatic management shift at Nike Inc., Mindy Grossman has stepped down as global vice president of apparel to become chief executive officer of retailing at Barry Diller’s IAC/InterActiveCorp.
IAC owns the Home Shopping Network, Ticketmaster, Evite and several other interactive businesses. Grossman will be ceo of IAC Retailing, which includes HSN, Cornerstone Brands, Shoebuy and IAC’s international retailing operations, and had sales last year of $3.05 billion. The online commerce company had overall sales of $5.75 billion. Grossman replaces Tom McInerney, who was promoted to IAC’S chief financial officer, and she starts in the position on May 1. The company in recent years has been making the transition from a holding company to an operating company, Diller said recently in a statement.
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