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Posted 13 April, 2021

Stitch Fix, Inc. appointed Elizabeth Spaulding as new CEO

Nasdaq:SFIX appointed new Chief Executive Officer Elizabeth Spaulding in a 8-K filed on 13 April, 2021.


  On April 13, 2021, Katrina Lake notified Stitch Fix, Inc. (the "Company") of her intention to step down as Chief Executive Officer, and the Company announced that Elizabeth Spaulding, President of the Company, will succeed Ms. Lake as Chief Executive Officer of the Company, each effective August 1, 2021.  

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Overview of Stitch Fix, Inc.
Retail/Wholesale • Clothing Retail
Stitch Fix, Inc. engages in the provision of personalized shipments of apparel, shoes, and accessories. Its main sections are men's, kids, petite, maternity, and plus apparels. The company was founded by Katrina Lake and Erin Morrison Flynn in February 2011 and is headquartered in San Francisco, CA.
Market Cap
$568M
View Company Details
Stitch Fix, Inc. by TradingView
Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


On April 13, 2021, Katrina Lake notified Stitch Fix, Inc. (the "Company") of her intention to step down as Chief Executive Officer, and the Company announced that Elizabeth Spaulding, President of the Company, will succeed Ms. Lake as Chief Executive Officer of the Company, each effective August 1, 2021. Ms. Lake will remain an employee of the Company and a member of the Board of Directors, serving as its Executive Chairperson. Ms. Spaulding will also join the Company's Board of Directors, upon her appointment as Chief Executive Officer.


Ms. Spaulding, age 45, has served as President of the Company since January 2020. Previously, she was at Bain & Company, a global consulting firm, serving as a Partner from June 2010 to December 2019 and as a member of Bain's Board of Directors from January 2018 to December 2019. From June 2013 to December 2019, Ms. Spaulding served as Global Head of Bain's Digital practice, where she focused on expanding Bain's capabilities in software development and engineering, innovation services, as well as corporate development for new technology. She also founded and led the Bain Innovation Exchange as part of her role. Ms. Spaulding joined Bain in 1998. Ms. Spaulding holds a B.A.S. in Management and Decision Sciences, as well as in French, from Stanford University and an M.B.A. from the Stanford Graduate School of Business where she was an Arjay Miller Scholar.


Ms. Spaulding has no family relationships with any director, executive officer or person nominated or chosen by the Company to become a director or executive officer of the Company. Ms. Spaulding is not a party to any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.


A copy of the press release announcing the transition is furnished as Exhibit 99.1.