The president of Eden Prairie-based TV and digital shopping network Evine has resigned after just five months in the job.
The resignation of Anne Martin-Vachon was confirmed in a separation agreement filed with the SEC, which says Martin-Vachon left the company on Jan. 1, having only become president on Aug. 1.
As part of her departure, she'll receive a payment of $251,902.56. Of this, just over $240,000 was equal to 4.5 months of her base pay as president.
Martin-Vachon joined Evine from Canadian e-commerce company Today's Shopping Choice, where she was credited with overseeing an operational and sales turnaround.
This expertise was intended to help Evine, which the Business Journals reports has faced its own struggles this year, posting a $9 million loss in the quarter ending November 2018, with revenue down almost $20 million compared to a year earlier.
The Star Tribune notes that Evine is the country's third biggest TV shopping network in the country, behind QVC and HSN.
The company didn't provide details to the newspaper when asked for more information about Martin-Vachon's departure.