Supply chain and reverse logistics provider Genco has named Laurie Barkman as the new president and CEO of Genco Marketplace, Genco's wholly owned liquidation subsidiary.
Barkman has served as Genco Marketplace's chief operating officer since July 2013. In her new role, Barkman will be responsible for driving expansion into new liquidation markets and developing a world-class team.
Since joining Genco Marketplace, Barkman has focused her efforts on expanding the company's inventory assortment and buyer base to drive its continual growth. Barkman has more than 15 years of strategic retail industry and online marketing leadership experience, including at American Eagle Outfitters and the Art Institutes, a system of 50 schools in North America.
"We are pleased to name Laurie as the new president and CEO of Genco Marketplace. The depth of her experience and skill that she brings has already proven to be invaluable to the continued growth and success of Genco Marketplace," said Herb Shear, Genco’s executive chairman.
Robert R. Auray Jr. served as president and CEO of Genco Marketplace for the past seven years. During that time, Auray is credited with doubling Genco Marketplace's revenue and increasing earnings at a 20% per-year rate. Auray will continue to serve in his role as a vice chairman at Genco working on strategic business initiatives.
Genco Marketplace is a leading wholesale liquidator of retail returns and surplus inventories. The company's resale channels include direct sales by the truckload to high-volume buyers, internet auctions of pallet quantities on the company's B2B website and sales of individual items on the company's bargain shopping site for consumers.
Genco is a leading third-party logistics provider for manufacturers, retailers and U.S. government. It operates 140 value-added warehouse locations totaling 35 million sq. ft. and manages $1.5 billion in freight annually throughout North America.