Bluestem Group Announces Retirement of CFO

EDEN PRAIRIE, Minn.--()--Bluestem Group Inc. (OTCMKTS: BGRP) today announced the intention of its Chief Financial Officer, Mark Wagener, to retire in 2017. A search for Mr. Wagener’s successor is underway.

Mr. Wagener will remain with Bluestem until July 3, 2017 to help ensure an orderly transition to his successor. "Since joining Bluestem over 10 years ago, Mark has made considerable contributions to the company as a highly-valued member of our Executive Team," said Steve Nave, Bluestem Group’s President and Chief Executive Officer. "Mark has played a pivotal role in building our company and leaves behind an exceptional finance team. We thank Mark for his countless contributions to Bluestem over the years and for agreeing to continue to serve our company for the next six months before he transitions into his retirement."

Additional investor information can be accessed at

About Bluestem Group

Bluestem Group Inc. is a holding company whose businesses include Bluestem Brands, a national, multi-brand, online retailer of a broad selection of name-brand and private label general merchandise serving the boomer and senior demographic, generally considered age 50 and over, and low- to middle-income consumers over all age demographics through 16 retail brands that include: Appleseed’s, Bedford Fair, Blair, Draper’s & Damon’s, Fingerhut, Gettington, Gold Violin, Haband, LinenSource, Norm Thompson, Old Pueblo Traders, PayCheck Direct, Sahalie, Solutions, Tog Shop and Wintersilks. Complementing each brand is a large selection of merchandise with payment options that provide customers with the flexibility of paying over time. Bluestem Group is headquartered in Eden Prairie, MN. For additional information visit the Bluestem Group website at


Investor Relations:
Denise Garcia, 215-328-1555

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