Bhargav Shah named senior VP, technology at Overstock.com

Furniture Today Staff -- Furniture Today, January 2, 2013

SALT LAKE CITY — Overstock.com, an online retailer of home furnishings and other goods, has hired Bhargav Shah, a former KPMG technology consultant, as senior vice president of technology.

Shah replaces Sam Peterson, who will remain with the company for a transition period. Peterson is joining Open English, an online English language school.

Overstock.com Chairman and CEO Patrick Byrne said Shah will be responsible for providing vision and leadership for developing and implementing information technology initiatives, as well as influencing business strategy through innovative use of technology.

"Sam has been a tremendous talent since the company's beginnings, and I am saddened to see him leave. However, I'm pleased to welcome Bhargav to the Overstock.com team," said Byrne. "Given Bhargav's background and experience (which include providing consulting services to Overstock.com), I expect he will make an enormous contribution to our company."

Shah has worked for KPMG LLP since 2009 as a director in its IT advisory group. Previously, he had been with BearingPoint (formerly KPMG Consulting) for 10 years.

Salt Lake City-based Overstock.com's merchandise includes furniture, rugs, bedding, electronics, clothing, jewelry, travel, cars and insurance. It also operates Worldstock.com, a fair trade department selling artisan-crafted products from around the world, and Main Street Revolution, which supports U.S. small businesses by providing them a national customer base.