Wayfair Announces Retirement of Ed Macri, Makes Marketing Organizational Changes

Rhea-AI Summary

Wayfair (NYSE: W) announced the retirement of Ed Macri, Chief Product & Marketing Officer, effective June 30, 2021, after 14 years with the company. Macri played a pivotal role in establishing Wayfair's marketing, contributing to its growth to over $14 billion in revenue in 2020. Following his departure, Bob Sherwin, Vice President of Marketing, will become the new Chief Marketing Officer under Chief Commercial Officer Steve Oblak. This transition is part of Wayfair's strategic succession plan.

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• Wayfair generated $14.1 billion in net revenue for the full year 2020.
• Ed Macri contributed significantly to the company's evolution from startup to major player in e-commerce.

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Wayfair (NYSE: W), one of the world’s largest online destinations for the home, today announced that Ed Macri, Chief Product & Marketing Officer, will retire from the company in 2021.

Macri joined Wayfair in 2007. In a variety of roles of increasing responsibility, he helped build Wayfair’s world-class marketing organization, including a differentiated and proprietary advertising technology stack, strong industry partnerships, and a highly talented team. He will remain a part of the Wayfair leadership team through June 30, 2021 as he supports the transition.

The marketing team will join other go-to-market functions as part of Wayfair’s Commercial organization under Steve Oblak, Chief Commercial Officer. Bob Sherwin, who has worked alongside Macri for the last eight years and currently serves as Vice President of Marketing, will assume the role of Chief Marketing Officer reporting to Oblak.

“Ed has been an exceptional leader at Wayfair, and partner to me and Steve personally,” said Niraj Shah, CEO, co-founder and co-chairman. “During his 14 years, Ed helped drive Wayfair’s evolution from an e-commerce start-up to a leading global platform with more than $14 billion in 2020 revenue. We are incredibly well positioned thanks to Ed’s many contributions and his long term succession plan, and we know he shares our enthusiasm about the progress the marketing team will continue to make under Bob’s leadership. We are grateful for his time at Wayfair, and wish Ed the very best as he looks forward to more time spent on family and personal endeavors.”

About Wayfair

Wayfair believes everyone should live in a home they love. Through technology and innovation, Wayfair makes it possible for shoppers to quickly and easily find exactly what they want from a selection of more than 22 million items across home furnishings, décor, home improvement, housewares and more. Committed to delighting its customers every step of the way, Wayfair is reinventing the way people shop for their homes – from product discovery to final delivery.

The Wayfair family of sites includes:

• Wayfair - Everything home for every budget.
• Joss & Main - Stylish designs to discover daily.
• AllModern - The best of modern, priced for real life.
• Birch Lane - Classic home. Comfortable cost.
• Perigold - The widest-ever selection of luxury home furnishings.

Wayfair generated $14.1 billion in net revenue for full year 2020. Headquartered in Boston, Massachusetts with operations throughout North America and Europe, Wayfair employs more than 16,000 people.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210311005261/en/

FAQ

Who is retiring from Wayfair in 2021?

Ed Macri, Chief Product & Marketing Officer, is retiring from Wayfair in 2021.

What was Ed Macri's role at Wayfair?

Ed Macri served as Chief Product & Marketing Officer, playing a key role in developing the company's marketing strategies.

What is Wayfair's revenue for 2020?

Wayfair generated $14.1 billion in net revenue for the full year 2020.

Who will replace Ed Macri as Chief Marketing Officer?

Bob Sherwin, the current Vice President of Marketing, will become the new Chief Marketing Officer.

What is the strategic significance of Ed Macri's retirement for Wayfair?

Macri's retirement is part of a long-term succession plan aimed at ensuring the continuity of Wayfair's marketing leadership.