Stitch Fix’s Founder Katrina Lake Is Leaving the Chief Executive Post


Katrina Lake. Courtesy.

Lake, who launched the company a decade ago, will remain at Stitch Fix as executive chairperson. The fashion subscription platform’s current president, Elizabeth Spaulding, will assume the role of CEO effective August 1.

“I have always embraced the idea that every year my role has changed,” Lake told employees in a company blog post published Tuesday, April 13. “This succession has been in the works for some time, and while change can be hard, I also believe in its transformational power.”

Spaulding joined Stitch Fix in January 2020. Previously, she served as the global head and founder of Bain & Company’s digital practice, where she focused on the consumer and technology sectors.

In her new position, Lake will focus on the company’s social impact efforts, including its entrepreneurial mentorship programme. During her tenure, she grew the startup into a $1.7 billion business with nearly 4 million active clients, according to the company.



Credit: Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Discover

Sponsor

spot_imgspot_img

Latest

Hair UV Protection Products for Spring and Summer

We all know we need to apply sunscreen several times a day while we’re out in the sun. But there may be a...

How to Use it and Get Results

With 2.74 million monthly active users, Facebook is by far the largest social network. Yet within that huge potential audience, it can sometimes...
INTERNATIONAL »