After a wave of speculation as to where she would land after resigning as president and CEO of Martha Stewart Living Omnimedia (NYSE: MSO) in June, Susan Lyne has been named CEO of Gilt Groupe, an online retailer of discounted luxury items. The e-commerce site is open to customers by invitation-only. Gilt is part of Alley Corp, the online holding company founded by Kevin Ryan and Dwight Merriman, the former CEO and CTO of DoubleClick, respectively.
Lyne’s move seems surprising, because of her extensive background in entertainment and media. Before heading MSLO in the fall of 2004, Lyne was president of ABC Entertainment in charge of the network