Scott Savitz, CEO of Shoebuy.com, said in an e-mail blast that he is resigning, effective immediately. No reasons were given for the departure by Savitz or the company.
“I could not
be prouder of what we have all built together and I know where I will
always be buying my footwear and related apparel,” Savitz said this
morning in an e-mail blast.
Savitz’s e-mail also noted that the company has averaged 50
percent growth rate since it was founded in 2000, and the double digit
growth it has been experiencing in 2011.
Savitz summed up his next step by stating, “There may well be interesting
speculation by some about the next chapter in my life; I will let you
know in due course.”
The email did not include information about
Shoebuy’s succession plan and Shoebuy has not put out a statement.
Savitz has worked as Shoebuy CEO since the company’s founding in 1999.
The Shoebuy.com e-commerce site launched in January 2000, and Savitz
stayed on through Shoebuy’s acquisition by InterActiveCorp., or IAC, in
2006.
