Gilt Names a New CEO

Discount luxury goods retailer Gilt appointed board member Michelle Peluso CEO effective at the end of February 2013, replacing company founder Kevin Ryan. Peluso is currently the global consumer chief marketing and internet officer at Citigroup and has served on the Gilt board since 2009. She fills the position held by Ryan, who founded the innovative company in 2007 and will remain as chairman. Current chairman Susan Lyne will become vice chairman.