Following its distribution and financing deal with Brightstar Corp., online retailer InPhonic Inc. announced Andy Zeinfeld will step into the CEO position, replacing the company’s current CEO and founder David Steinberg.
Steinberg will continue as InPhonic’s chairman, and will assist the company with “strategy and direction,” according to InPhonic.
Zeinfeld joined InPhonic as president of its e-commerce unit in April 2006. Before that, he served in a variety of management positions over a 28-year career with RadioShack Corp.
“I hired Andy based on his proven leadership, carrier relationships and sales experience, and with the goal that he would someday assume the role of CEO,” Steinberg said. “I believe the company will benefit from his promotion and his continued leadership.”
InPhonic’s stock was up almost 8% on the news to around $2.83 per share.
InPhonic dials up new CEO
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