Business

Gilt Groupe names Citigroup exec Michelle Peluso as its new CEO

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High-end online retailer Gilt Groupe has named Citigroup exec and GG director Michelle Peluso as its next chief executive officer, the company announced today.

Gilt Groupe’s board has been searching for a new CEO for several months to replace CEO and founder Kevin Ryan. Peluso will take over Ryan’s job in February.

Peluso is a storied executive and currently holds the title of Global Consumer Chief Marketing and Internet Officer at Citgroup. Before her stint at Citigroup, she was the CEO of Travelocity for six years.

“I’m tremendously excited to be leading a company with a brand I love and a team I’ve come to greatly admire,” Peluso said in a canned statement. “Gilt has done a terrific job establishing itself as one of the most innovative online shopping destinations, and I am looking forward to continuing to build on Gilt’s growth and success.”

Ideally, Peluso will bring some fresh perspective to Gilt’s operations. Founded in spring 2007, Gilt has raised $221 million to date. Gilt raised $138 million in May 2011 at a valuation of $1 billion. Ryan told AllThingsD that the company will be looking to go public “at some point in one to two years.”

Michelle Peluso photo via Crains New York


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