TV and web retailer QVC’s parent company Liberty Interactive Corp. announced its leader is going to be sticking around for awhile.

Liberty Interactive and its sister company, Liberty Media Corp., announced yesterday that president and CEO Greg Maffei’s contract has been extended through 2019. According to his bio on the retailer’s web site, Maffei previously held executive leadership positions with Oracle Corp., Microsoft Corp., and Expedia Inc. Liberty Interactive is No. 6 in the Internet Retailer Top 500 Guide.

Maffei, who has been CEO of Liberty Interactive since 2005, recently oversaw the spinoff of QVC from the company’s other e-commerce assets into two units earlier this year. During the third quarter of 2014, Liberty Interactive reported e-commerce sales for QVC Group of $781 million, up 11% from $705 million during the same time last year. Mobile remains a priority for the company moving forward as well according to its Q3 2014 earnings filing, as mobile now accounts for 41% of all orders placed in the United States Liberty Interactive also runs a handful of e-commerce sites under the corporate name Liberty Ventures Group, which includes Backcountry.com and Bodybuilding.com.

“Today, Liberty has a portfolio of businesses that are very well-positioned for the digital mobile era, led by great management teams, with the resources to be opportunistic in the future,” Maffei says.

According to a Securities and Exchange Commission filing, Maffei will receive a base salary of $960,750, with annual raises of 5% starting Jan. 1, 2015, and ending Dec. 31, 2019, along with stock options. He also is eligible for an annual cash bonus equal to 250% of his salary based on performance.