Shoebuy Appoints New CEO

Just a day after Scott Savitz announced his departure from his post as CEO of Shoebuy.com, the company has appointed Mike Sorabella to fill the role.

Sorabella has been with the company for six years as CFO.

“Shoebuy has experienced solid growth in the years since its launch and acquisition by IAC, making it one of the leading footwear sites in the country today,” said Greg Blatt, CEO of parent company IAC, in a statement. “Mike Sorabella was instrumental in driving much of that growth. His history of results, coupled with his passion for the industry, makes him the right leader to work alongside the outstanding senior management team we have in place.”

Prior to joining the company, Sorabella worked as a group manager for FleetBoston Financial’s derivatives business.

“My goal is to work with the [team] to further attract the growing number of consumers by increasing our substantial brand offerings, expanding into new product categories and continuing to offer the best in service, selection and ease of use that our retail sites currently provide,” said Sorabella.

Sorabella’s appointment is effective immediately.

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