This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Geeknet Announces Planned Departure Of President And CEO Of ThinkGeek, Inc.

FAIRFAX, Va., Aug. 20, 2012 /PRNewswire/ -- Geeknet, Inc. (Nasdaq: GKNT), the online network for the global geek community, today announced that Colon Washburn plans to step down as President and Chief Executive Officer of ThinkGeek, Inc., Geeknet's wholly-owned e-commerce subsidiary, effective December 31, 2012 and will transition his duties between now and the end of the year. 

(Logo: http://photos.prnewswire.com/prnh/20120510/MM05555LOGO)

The Board of Directors and senior management of Geeknet have initiated a search process for a replacement for Mr. Washburn.

Ken Langone, Chairman and Chief Executive Officer of Geeknet, said, "I would like to thank Colon for his service to ThinkGeek.  In his time at the company, Colon has been instrumental in creating a more efficient inventory management system and achieving substantial costs savings in our warehouse operations while at the same time investing in the research and development that makes ThinkGeek the premier retailer for the global geek community.  He has helped create the foundation for lasting success at ThinkGeek, and the Board and management greatly appreciate his contributions and wish him all the best in his future pursuits."

Mr. Washburn said, "Having accomplished my primary objectives as head of ThinkGeek, I am looking forward to returning to my home to apply my experience to a new challenge.  While I have decided to pursue other endeavors, I am committed to remaining focused on serving ThinkGeek through the end of the year and am looking forward to another successful holiday season." 

ABOUT THINKGEEK

ThinkGeek is the premier retailer for the global geek community.  A wholly owned subsidiary of Geeknet, Inc., ThinkGeek was founded in 1999 to serve the distinct needs and interests of technology professionals and enthusiasts.  Today, ThinkGeek has grown to become the first choice for innovative and imaginative gifts that appeal to the geek in everyone.  For more information, please visit www.thinkgeek.com or call 1.888.GEEKSTUFF.

ABOUT GEEKNET

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,550.69 -47.51 -0.27%
S&P 500 2,093.32 -4.72 -0.22%
NASDAQ 5,105.5460 -9.8360 -0.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs