Stitch Fix Adds Timothy Baxter and Fiona Tan to its Board of Directors
Stitch Fix (NASDAQ: SFIX) has appointed Timothy Baxter and Fiona Tan to its Board of Directors, effective Oct. 14. Baxter, former CEO of Express, Inc. and Chief Merchandising Officer of Macy's, brings over 30 years of retail leadership experience. Tan, current CTO of Wayfair Inc. and former SVP of Technology at Walmart U.S., contributes 25+ years of technology and innovation expertise.
CEO Matt Baer emphasized the value of their combined experience in apparel retail, merchandising, and retail technology as Stitch Fix undergoes a transformation. The company aims to deliver a client-centric, personalized shopping experience and drive sustainable, profitable growth. Founding investor Steve Anderson has resigned from the Board after 13 years of service.
Stitch Fix (NASDAQ: SFIX) ha nominato Timothy Baxter e Fiona Tan nel suo Consiglio di Amministrazione, con effetto dal 14 ottobre. Baxter, ex CEO di Express, Inc. e Chief Merchandising Officer di Macy's, porta con sé oltre 30 anni di esperienza nella leadership nel settore retail. Tan, attuale CTO di Wayfair Inc. ed ex SVP della Tecnologia presso Walmart U.S., contribuisce con oltre 25 anni di esperienza nella tecnologia e nell'innovazione.
Il CEO Matt Baer ha sottolineato il valore della loro esperienza combinata nel settore dell'abbigliamento, del merchandising e della tecnologia retail, mentre Stitch Fix sta attraversando una trasformazione. L'azienda mira a offrire un'esperienza di acquisto personalizzata e centrata sul cliente, perseguendo una crescita sostenibile e redditizia. L'investitore fondatore Steve Anderson si è dimesso dal Consiglio dopo 13 anni di servizio.
Stitch Fix (NASDAQ: SFIX) ha nombrado a Timothy Baxter y Fiona Tan en su Junta Directiva, con efecto a partir del 14 de octubre. Baxter, ex CEO de Express, Inc. y Director de Merchandising de Macy's, aporta más de 30 años de experiencia en liderazgo en el comercio minorista. Tan, actual CTO de Wayfair Inc. y ex SVP de Tecnología en Walmart U.S., suma más de 25 años de experiencia en tecnología e innovación.
El CEO Matt Baer enfatizó el valor de su experiencia combinada en la venta de prendas, merchandising y tecnología minorista mientras Stitch Fix atraviesa una transformación. La empresa tiene como objetivo ofrecer una experiencia de compra centrada en el cliente y personalizada, impulsando un crecimiento sostenible y rentable. El inversor fundador Steve Anderson ha renunciado a la Junta después de 13 años de servicio.
Stitch Fix (NASDAQ: SFIX)는 10월 14일부터 Timothy Baxter와 Fiona Tan을 이사로 임명했습니다. Baxter는 Express, Inc.의 전 CEO이자 Macy's의 Chief Merchandising Officer로, 30년 이상의 소매 리더십 경험을 가지고 있습니다. Tan은 현재 Wayfair Inc.의 CTO이자 Walmart U.S.의 전 기술 SVP로 25년 이상의 기술 및 혁신 전문성을 기여하고 있습니다.
CEO Matt Baer는 Stitch Fix가 변혁을 겪는 동안 이들의 결합된 경험의 가치를 강조했습니다. 이 회사는 고객 중심의 개인화된 쇼핑 경험을 제공하고 지속 가능하고 수익성 있는 성장을 추진하는 것을 목표로 하고 있습니다. 창립 투자자 Steve Anderson은 13년간의 서비스 후 이사직에서 사임했습니다.
Stitch Fix (NASDAQ: SFIX) a nommé Timothy Baxter et Fiona Tan à son Conseil d'Administration, avec effet au 14 octobre. Baxter, ancien CEO d'Express, Inc. et Chief Merchandising Officer chez Macy's, apporte plus de 30 ans d'expérience en leadership dans le secteur de la vente au détail. Tan, actuelle CTO de Wayfair Inc. et ancienne SVP de la Technologie chez Walmart U.S., contribue avec plus de 25 ans d'expertise en technologie et innovation.
Le CEO Matt Baer a souligné la valeur de leur expérience combinée dans la vente de vêtements, le merchandising et la technologie de vente au détail alors que Stitch Fix traverse une transformation. L'entreprise vise à offrir une expérience d'achat personnalisée et centrée sur le client tout en favorisant une croissance durable et rentable. L'investisseur fondateur Steve Anderson a démissionné du Conseil après 13 années de service.
Stitch Fix (NASDAQ: SFIX) hat Timothy Baxter und Fiona Tan in seinen Vorstand berufen, mit Wirkung zum 14. Oktober. Baxter, ehemaliger CEO von Express, Inc. und Chief Merchandising Officer von Macy's, bringt über 30 Jahre Erfahrung in der Handelsführung mit. Tan, aktuelle CTO von Wayfair Inc. und ehemalige SVP für Technologie bei Walmart U.S., bringt mehr als 25 Jahre Erfahrung in Technologie und Innovation ein.
CEO Matt Baer betonte den Wert ihrer kombinierten Erfahrung im Bekleidungseinzelhandel, Merchandising und im Einzelhandelstechnologie, während Stitch Fix sich in einem Transformationsprozess befindet. Das Unternehmen strebt an, ein kundenorientiertes, personalisiertes Einkaufserlebnis zu bieten und nachhaltiges, profitables Wachstum voranzutreiben. Der Gründungsinhaber Steve Anderson hat nach 13 Jahren Dienst im Vorstand seinen Rücktritt erklärt.
- Addition of two experienced retail leaders to the Board of Directors
- Timothy Baxter brings 30+ years of retail and merchandising expertise
- Fiona Tan contributes 25+ years of retail technology and innovation experience
- Board expansion aligns with company's transformation strategy
- Focus on delivering client-centric and personalized shopping experience
- Resignation of long-time board member and founding investor Steve Anderson
Baxter previously served as Chief Executive Officer of Express, Inc. and Chief Merchandising Officer of Macy’s, Inc.; Tan is Chief Technology Officer of Wayfair Inc. and Former Senior Vice President of Technology at Walmart U.S.
SAN FRANCISCO, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Stitch Fix, Inc. (NASDAQ: SFIX), the leading online personal styling service, today announced that it has appointed Timothy Baxter and Fiona Tan to its Board of Directors, effective Oct. 14.
“Tim and Fiona are highly respected retail leaders, and we are excited to welcome them to the Stitch Fix Board of Directors,” said Matt Baer, Chief Executive Officer, Stitch Fix. “We are currently in the midst of a transformation, and Tim’s extensive background in apparel retail and merchandising, in combination with Fiona’s deep expertise in retail technology, will prove invaluable as we execute our strategy to deliver the most client-centric and personalized shopping experience and drive sustainable, profitable growth in the future.”
Baxter has more than 30 years of retail leadership experience. In his most recent role, he served as Chief Executive Officer of fashion apparel retailer Express, Inc., where he is credited with reinvigorating the Express brand, accelerating the company’s digital presence, and streamlining its operations. Prior to joining Express, Baxter was Chief Executive Officer of Delta Galil Premium Brands, a group of specialty retail apparel brands including 7 For All Mankind and Splendid. Previously, Baxter spent more than 25 years at Macy’s, Inc. and the former May Department Stores in various leadership roles, most recently serving as Chief Merchandising Officer of Macy’s.
“Stitch Fix’s client-centric approach to shopping for apparel addresses a tangible need in the market, providing a compelling alternative to the traditional shopping models that are often frustrating for customers,” said Baxter. “As the company continues to execute its strategy, I believe it is well positioned to drive growth in the future. I look forward to partnering with Katrina, Matt and the rest of the Board to support Stitch Fix during this transformative time for the company.”
Tan has more than 25 years of experience leading technology and innovation teams at retail and software companies. She currently serves as Chief Technology Officer of Wayfair Inc., a leading home retailer that's leveraged machine learning and AI across its operations for over a decade, where she oversees the global technology team. Prior to Wayfair, Tan was Senior Vice President of Technology at Walmart U.S., where she led innovation and engineering execution spanning its site, mobile app and all associate and merchant-facing technology across its e-commerce and stores businesses in the U.S. Prior to Walmart, Tan held leadership roles at Ariba, TIBCO Software and Oracle Corporation.
“The Stitch Fix team built a powerful value proposition that leverages its technology and extensive data, as well as insights from its team of Stylists, to deliver a highly personalized retail experience,” said Tan. “As Stitch Fix reimagines its client experience, I’m looking forward to working alongside the leadership team and the entire Board of Directors to support the company’s transformation.”
Additionally, Steve Anderson, a founding investor in Stitch Fix, who has served on the Stitch Fix Board since 2011, has resigned from his position, effective Sept. 6.
“I would like to thank Steve for his unwavering support and guidance as well as the active role he played on our Board over the past thirteen years,” said Katrina Lake, Founder and Executive Chairperson, Stitch Fix. “As we continue to execute our transformation, I look forward to partnering with Fiona and Tim, whose insights will be critical to helping us deliver on our mission of helping our clients discover the styles they will love.”
With the upcoming additions of Baxter and Tan, the Stitch Fix Board of Directors will comprise eight total directors. Additional board members include Katrina Lake (Founder and Executive Chairperson, Stitch Fix), Matt Baer (Chief Executive Officer, Stitch Fix), Kofi Amoo-Gottfried (Chief Marketing Officer, DoorDash), Bill Gurley (General Partner, Benchmark Capital), Sharon McCollam (President and Chief Financial Officer, Albertsons Companies) and Liz Williams (Chief Executive Officer, El Pollo Loco).
About Stitch Fix, Inc.
Stitch Fix (NASDAQ: SFIX) is the leading online personal styling service that helps people discover the styles they will love that fit perfectly so they always look - and feel - their best. Few things are more personal than getting dressed, but finding clothing that fits and looks great can be a challenge. Stitch Fix solves that problem. By pairing expert stylists with best-in-class AI and recommendation algorithms, the company leverages its assortment of exclusive and national brands to meet each client's individual tastes and needs, making it convenient for clients to express their personal style without having to spend hours in stores or sifting through endless choices online. Stitch Fix, which was founded in 2011, is headquartered in San Francisco. For more information, please visit https://www.stitchfix.com.
| IR Contact: Hayden Blair ir@stitchfix.com | PR Contact: Liz Nunan media@stitchfix.com |
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