This Day On The Street
Continue to site right-arrow
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
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

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

Stocks in this article: GKNT

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

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,798.37 -11.69 -0.07%
S&P 500 2,066.49 +2.99 0.14%
NASDAQ 4,740.4070 +27.4370 0.58%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs