ST. PETERSBURG — Barbara Lynne Ronon vacated her position as executive vice president of merchandising with HSN Inc. (symbol: HSNI), according to a filing with the Securities & Exchange Commission.
HSN and Ronon “mutually agreed” to make the change, according to the filing. Legally, the departure will be treated as a termination without cause under the company's severance plan.
Ronon joined HSN in October 2007, after working for Burberry retail stores as senior vice president, North Asia, since 2003. She also spent 16 years with Saks Fifth Avenue, at one time leading the firm's Saks.com operation as senior vice president, chief merchant.
Ronon earned $475,000 in base pay in 2010, while various bonus awards pushed her total compensation to more than $1 million for the year. SEC records also show that Ronon pocketed another half-million dollars from the liquidation of various stock options on May 6.
Based in St. Petersburg, HSN Inc. generates $3 billion in annual revenues from its multiple retail channels, including the Home Shopping Network, which is broadcast to 96 million U.S. households.