Qurate Retail Creates New Chief Transformation Officer Role; CFO Steps Down

Qurate Retail Group, part of Qurate Retail Inc QRTEA, said its Chief Financial Officer Jeffrey A. Davis has resigned from the company.
The Group has appointed James Hathaway as its interim CFO.
Hathaway joined Qurate Retail Group in May 2021 as Senior Vice President to lead finance for its largest reporting unit, QxH.
Qurate Retail Group also announced the creation of a Chief Transformation Officer role with the primary focus to accelerate the implementation of Project Athens, a three-year plan to stabilize revenue, expand adjusted OIBDA margin and generate incremental free cash flow.
William Hunter has been promoted to Chief Transformation Officer from Senior Vice President, Business Transformation & Shared Services, to lead the transformation.
Price Action: QRTEA shares are trading lower by 5.21% at $3.37 on the last check Wednesday.