Geeknet, Inc. (Nasdaq:GKNT), which moved its headquarters from California to Fairfax County, Va last year has replaced its current CEO for ThinkGeek.
Colon Washburn will become President and Chief Executive Officer replacing Caroline Offutt who will remain a consultant of the Geeknet subsidiary.
"Colon brings a wealth of experience managing growing organizations, honed from his many years at Wal-Mart. He has been consulting with ThinkGeek over the past several months, giving him broad familiarity with our business. In addition, he is a proven leader with a strong discipline that should help bring ThinkGeek to the next level," said Ken Langone, Chairman of the Board of Directors, Geeknet. "We certainly wish Caroline the best. She has spent the last seven years building ThinkGeek into the great brand that it is today."
Washburn left Fresh America Corp to join Geeknet. He began his career at Walmart in 1972 where he became Senior Vice President of Sam's Club and Executive Vice President of Wal-Mart. Washburn will receive 78,125 in restricted stock units in equal amounts over three years.