Online luxury resale marketplace The RealReal announced last week its chief financial officer, Robert Julian, will step down from the positionafter two years.
The decision is effective Jan.31 or until a newCFO assumes the role. If a new CFO is chosen before January, Julian will remain an employee and serve as an executive adviser to The RealReal through Jan. 31.
Julian agreed to offer limited consulting services to the retailer after his departure until June 30. The company’s board of directors will hire an executive search firm to find a new CFO, the company said.
“Robert and I have worked closely together since my arrival as CEO earlier this year, and I have deeply appreciated his counsel and leadership,” Koryl said in a statement. “As we announced last quarter, we remain committed to our key initiatives and believe we are on the right path.”
The company also announced it would close stores in San Francisco, Chicago, Atlanta and Austin, Texas. The RealReal also shuttered two consignment offices in Miami and Washington, D.C., as well as reduced office space in both San Francisco and New York City.
29, 2023 (GLOBE NEWSWIRE) -- The RealReal (the “Company” or “The RealReal”) (Nasdaq: REAL)—the world's largest online marketplace for authenticated, resale luxury goods—today announced that Robert Julian will step down from his role as Chief Financial Officer (“CFO”) of the Company effective on the earlier of January ...
Luxury resale marketplace The RealReal has appointed John Koryl as its new permanent CEO, eight months after Founder Julie Wainwright stepped down from the role.
Hierarchy. Typically, the CFO is the highest-ranking finance team member in the company. In a traditional company hierarchy, they are usually third in line, behind the CEO and COO. The CFO reports directly to the CEO.
Before joining Realty Income, Mr. Pong was a Vice President in Equity Research at Robert W. Baird, covering the retail net lease and shopping center industries.
"We are very pleased to welcome Bert Nappier as our next CFO. Bert is a strategic financial executive with broad expertise in key areas such as global finance, operations and business strategy.
Authentic Brands Group (Authentic), a global brand development, entertainment and marketing platform, is pleased to announce the appointment of Kevin Wills as Chief Financial Officer.
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