Overstock.com Inc. has hired Bhargav Shah, a former KPMG technology consultant, as the company's senior vice president of Technology. Shah replaces Sam Peterson who will remain with the company for a transition period. Peterson is joining Open English, an online English language learning school.

Shah will be responsible for providing vision and leadership for developing and implementing information technology initiatives within the organization as well as influencing business strategy through innovative use of technology. Shah has worked for KPMG LLP since 2009 as a director in its IT advisory group. Previously, Shah had been with BearingPoint (formerly KPMG Consulting) for 10 years with increasing responsibilities from consultant through senior manager.