Poshmark, Inc. Announces CFO Transition
Poshmark announced the departure of Chief Financial Officer Anan Kashyap, who will resign in August after filing the second quarter 10-Q. He will act as an advisor until year-end. Kashyap contributed significantly to the company's transition from a private entity to a public NASDAQ-listed firm, and he expressed pride in Poshmark's growth during his tenure. The company is now launching a search for a new CFO to navigate its ongoing growth as a public entity.
- Kashyap's leadership contributed to Poshmark achieving public company status.
- Plans to initiate a comprehensive search for a new CFO, ensuring a smooth transition.
- The departure of a long-standing CFO may introduce uncertainty during the leadership transition.
Anan Kashyap to depart CFO role in August and serve in advisory role until the end of the year
REDWOOD CITY, Calif., June 07, 2021 (GLOBE NEWSWIRE) -- Poshmark (Nasdaq: POSH) today announced that Chief Financial Officer Anan Kashyap will step down after five years with the company. Kashyap will depart his role in August after completion of Poshmark’s second quarter 10-Q filing and will remain engaged with the company as an advisor until the end of the year.
“On behalf of our entire team, I want to thank Anan for his leadership and contribution to Poshmark,” said Manish Chandra, Founder and CEO of Poshmark. “Since joining the company nearly five years ago, Anan has helped to transform Poshmark from a small and pioneering private company to a NASDAQ-listed public company that’s leading the future of shopping. We wish him all the best in his future endeavors.”
“I’m very proud of the growth and success we’ve achieved in my time as CFO,” Kashyap said. “I’ve decided now is the right time for me to step back and help the company find the right CFO for the next stage of Poshmark’s growth as a public company. I would like to thank Manish, our Board, Team Posh and our community for their support in what has truly been one of the most rewarding chapters of my career.”
Poshmark is initiating a comprehensive internal and external search for Kashyap’s successor.
About Poshmark, Inc.:
Poshmark is a leading social marketplace for new and secondhand style for women, men, kids, pets, home, and more. By combining the human connection of physical shopping with the scale, ease, and selection benefits of ecommerce, Poshmark makes buying and selling simple, social, and sustainable. Its community of more than 80 million registered users across the U.S., Canada, and Australia, is driving the future of commerce while promoting more sustainable consumption. For more information, please visit www.poshmark.com, and for company news and announcements, please visit investors.poshmark.com. You can also find Poshmark on Instagram, Facebook, Twitter, TikTok, Pinterest, YouTube, and Snapchat.
Investor Contact
ir@poshmark.com
Media Contact
pr@poshmark.com
SOURCE Poshmark, Inc.
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