Geeknet Appoints a New CEO and President

Geeknet (GKNT) continues to be a GDT::Portfolio laggard. Today (02013.02.08), Geeknet promoted 44-year-old Kathryn McCarthy from CFO to Chief Executive Officer and President. She was also named to the Board of Directors. Ken Langone (age 77), Geeknet's current CEO, President and Chairman, remains as Chairman of the Board.

Today (02013.02.08) ThinkGeek issued a press release that started with the following.

ThinkGeek has sent an Away Team to NYC for Toy Fair, Feb 10-13, where they will talk with wholesalers, meet with press, and more importantly, bring even more awesome to the world with three brand new products from the company's GeekLabs department.

GKNT closed today (02013.02.08) at $15.32. 52-week range: $12.07 - $21.62.