Overstock.com appointed Holly MacDonald-Korth Vice President of Auctions. MacDonald-Korth will run Overstock Auctions' daily operations, including actively participating in the auction network community, managing relationships with sellers and continually refining Overstock.com's offering to meet the needs of its users.

"Holly is the reason we were able to launch auctions so quickly and successfully," said Patrick Byrne, president of Overstock.com. "She's a self- taught IT and marketing whiz who has been one of our secret weapons for over four years. It took her only nine months to organize a team, manage the development of a website to compete with eBay, and launch it successfully.

Before Overstock.com, Korth was a financial analyst for the Federal Reserve Board of Governors in Washington, D.C.

Overstock.com launched its auction marketplace last week. The company describes itself as an online "closeout" retailer offering discount, brand-name merchandise for sale over the Internet.

http://www.overstock.com