Comcast’s Robert Pick, senior vice president of corporate development, joined ValueVision Media’s board of directors.
ValueVision is a multi-channel retailer that operates under the ShopNBC name. Comcast, through its ownership of NBCUniversal, has an ownership stake of more than 7.1 million ValueVision shares, representing approximately 14.5 percent of the total ValueVision shares outstanding.
Pick took over the board vacancy that was created by the resignation of Catherine Dunleavy, following the expansion of her responsibilities as executive vice president and CFO of Comcast's NBC Universal Cable Entertainment Group.
Pick oversees Comcast’s corporate development and merger and acquisition activities. He joined Comcast in 1989 and has had a hand in shaping some of the deals that Comcast has made over the years.
"It gives me great pleasure to welcome Bob to our Board," said ValueVision Media chairman Randy Ronning. "He has an impressive background in strategic corporate development coupled with a comprehensive understanding of our multichannel retailing space. We look forward to benefiting from his insights and experience to enhance shareholder value."
Pick’s list of accomplishments mirror Comcast’s rise as the nation’s largest cable operator and ISP in the nation. He worked on NBC Universal joint venture with GE Corporation; the sale of spectrum to and creation of a joint operating entity with Verizon Wireless; the acquisition of AT&T Broadband; the unwinding of Comcast's stake in Time Warner Cable; acquisitions of the cable assets of Adelphia Communications, Maclean Hunter, EW Scripps and Jones Cable; the startup of the telecommunications company, Teleport, and the high speed broadband company, @ Home; the acquisitions of E! Entertainment and the Golf Channel; and the acquisition and sale of QVC and Comcast Cellular.
Prior to joining Comcast, he held various financial positions with Bell Atlantic and spent 10 years with KPMG Peat Marwick. Pick has served on the boards of several Comcast companies and charitable organizations.
ShopNBC is a multichannel electronic retailer that allows customers to shop via TV, phone, Internet and mobile devices and to interact via the company’s website as well as Facebook, Twitter and YouTube. The ShopNBC television network reaches 84 million cable and satellite homes and is also available nationwide on PCs, tablets and iPhone, Android and other mobile devices via live streaming via its web portal. ShopNBC's merchandise categories include Home & Consumer Electronics, Beauty, Health & Fitness, Fashion & Accessories, and Jewelry & Watches.