(The Hosting News) – Geeknet, Inc. (Nasdaq:GKNT), the online network for the global geek community, today announced that it has appointed Colon Washburn as President and Chief Executive Officer of ThinkGeek, Inc., Geeknet’s wholly owned e-commerce subsidiary. Mr. Washburn is replacing Caroline Offutt who will remain a consultant to ThinkGeek.
“Colon brings a wealth of experience managing growing organizations, honed from his many years at Wal-Mart. He has been consulting with ThinkGeek over the past several months, giving him broad familiarity with our business. In addition, he is a proven leader with a strong discipline that should help bring ThinkGeek to the next level,” said Ken Langone, Chairman of the Board of Directors, Geeknet. “We certainly wish Caroline the best. She has spent the last seven years building ThinkGeek into the great brand that it is today.”
Mr. Washburn spent a majority of his career with Wal-Mart, which he joined in 1972 before rising to Senior Vice President of Sam’s Club and Executive Vice President of Wal Mart. Since his departure from Wal-Mart in 1993, Colon has served as Chief Executive Officer of Fresh America Corp, and has acted as retail consultant for Walgreens and the Indian conglomerate Reliance Retail.
In connection with becoming President and Chief Executive Officer of ThinkGeek, Inc., Mr. Washburn received 78,125 restricted stock units that vest in equal annual installments over three years.
About Geeknet, Inc.
Geeknet is the online network for the global geek community. Our sites include SourceForge, Slashdot, ThinkGeek, and freshmeat. We serve an audience of nearly 53 million users* each month and provide the tech-obsessed with content, culture, connections, commerce, and all the things that geeks crave. Want to learn more? Check out geek.net.