Lulus Announces CFO Transition

Rhea-AI Summary

Lulus Fashion Lounge Holdings (NASDAQ: LVLU) announced that CFO Tiffany R. Smith will step down from her position effective June 30, 2025, citing personal, family-related matters. CEO Crystal Landsem will temporarily assume the role of Interim CFO while the Board conducts a search for a permanent replacement. The company emphasized that Smith's departure is not related to any disagreements regarding financial reporting, accounting practices, or internal controls. Smith will continue serving in an advisory capacity until the filing of Q2 2025 Form 10-Q to ensure a smooth transition. The announcement comes after Smith's four-year tenure with the attainable luxury fashion brand.

Positive

• None.

Negative

• Temporary dual role of CEO/CFO could strain executive bandwidth
• Loss of experienced CFO after 4-year tenure creates leadership gap

CHICO, Calif., June 04, 2025 (GLOBE NEWSWIRE) -- Lulu’s Fashion Lounge Holdings, Inc. (“Lulus” or the “Company”) (Nasdaq: LVLU), the attainable luxury brand for women, today announced that Tiffany R. Smith, Chief Financial Officer, is stepping down from her role effective June 30, 2025, to attend to personal, family-related matters. This transition is not related to any disagreement regarding the Company’s financial reporting, accounting practices, or internal controls. Upon Ms. Smith’s departure, Crystal Landsem, Chief Executive Officer, will assume the responsibilities of Interim Chief Financial Officer, alongside her responsibilities as CEO, while the Board of Directors conducts a search for a permanent successor. Ms. Smith will continue to serve in an advisory position until the filing of the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ending June 29, 2025, to ensure an orderly transition.

“On behalf of the entire team, I want to thank Tiffany for her significant contributions and dedication to Lulus over the last four years, and we wish her all the best in her future endeavors,” said Crystal Landsem, CEO. “I look forward to working together closely in the coming weeks to ensure a seamless transition of responsibilities, while continuing to focus on executing against our strategic priorities.”

About Lulus
Headquartered in California and serving millions of customers worldwide, Lulus is an attainable luxury fashion brand for women, offering modern, unapologetically feminine designs at accessible prices for every occasion. Our aim is to make every woman feel confident and celebrated, supporting her for all of life’s occasions, big or small – from work desk to dream date, cozying up on the couch to the spotlight of her wedding day. Founded in 1996, Lulus delivers fresh styles to consumers daily, using direct consumer feedback and insights to refine product offerings and elevate the customer experience. Lulus’ world class personal stylists, bridal concierge, and customer care team share an unwavering commitment to elevating style and quality and bring exceptional customer service and personalized shopping to customers around the world. Follow @lulus on Instagram and @lulus on TikTok. Lulus is a registered trademark of Lulu’s Fashion Lounge, LLC. All rights reserved.

Contact
investors@lulus.com 

FAQ

Why is Lulus CFO Tiffany Smith stepping down?

Tiffany Smith is stepping down as CFO of Lulus effective June 30, 2025, to attend to personal, family-related matters.

Who will replace Tiffany Smith as Lulus CFO?

Crystal Landsem, the current CEO, will serve as Interim CFO while the Board of Directors conducts a search for a permanent successor.

When is Tiffany Smith's last day as Lulus CFO?

Tiffany Smith's last day as CFO will be June 30, 2025, though she will continue in an advisory role until the Q2 2025 Form 10-Q filing.

Is the Lulus CFO departure related to financial reporting issues?

No, the company explicitly stated that Smith's departure is not related to any disagreement regarding financial reporting, accounting practices, or internal controls.

How long was Tiffany Smith CFO at Lulus?

Tiffany Smith served as CFO at Lulus for four years prior to her announced departure.