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Former KPMG IT director new SVP, tech at Overstock.com

SALT LAKE CITY — Former KPMG technology consultant Bhargav Shah is Overstock.com’s new SVP of technology. Shah replaces Sam Peterson, who will remain with the company for a transition period.

Shah will spearhead development as well as the implementation of information technology initiatives within the organization. He will also influence 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 chairman and CEO Patrick 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 since 2009 as a director in its IT advisory group. Prior to joining KPMG, Shah was with BearingPoint, formerly KPMG Consulting, for 10 years with increasing responsibilities from consultant through senior manager.

Shah has a chemical engineering degree from K.E.S. Engineering College in Mumbai, India, and a master's of business administration in finance from Bentley University in Waltham, Mass.

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