In a recent report by Forbes newsmagazine, US-based multinational e-commerce company Wayfair LLC had hired a former Warner Music Group executive who had previous experience in public listings. Michael Fleisher had been appointed as the new chief financial officer of the home goods e-tailer. Wayfair intended to go public next year or 2015 and would had required an experienced executive to assist the company in its plans. Fleisher's predecessor, Nicholas Malone, would now be Mayfair's Chief Administration Officer.
Fleisher had led the initial public offering of the Warner Music Group back in 2005. Warner eventually was sold to Access Industries for USD3.3 billion in 2011. He had also led technology research firm Gartner in its IPO in 1993.
Wayfair chief executive Niraj Shah said Fleisher's main tasks would be building relationships with its public market and institutional investors and help the company with its strategic acquisitions.
Fleisher was confident that such goals would be feasible with the current management of Wayfair. Commenting on his appointment, Fleisher said, "They spent the last ten years building something really special here...I wanted to find something where it was clear that there was tons and tons of growth."
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