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Katrina Lake

Stitch Fix CEO Katrina Lake to Step Down

Stitch Fix founder Katrina Lake is stepping down from her role as the company’s chief executive. The CEO, who founded the online styling service a decade ago while she was a student at Harvard Business School, announced her departure in a letter to employees. She will transition to the role of executive chairperson of the board, effective Aug. 1.
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Stitch Fix Announces Founder and Chief Executive Officer Katrina Lake to become Executive Chairperson and Elizabeth Spaulding to become Chief Executive Officer of Stitch Fix August 1, 2021

SAN FRANCISCO, April 13, 2021 /PRNewswire/ -- Stitch Fix, Inc. (NASDAQ: SFIX), the leading online personal styling service, today announced Founder and CEO Katrina Lake will transition to the role of Executive Chairperson of the Board, effective August 1, 2021. Stitch Fix's Board of Directors will be appointing President, Elizabeth Spaulding, to the role of Chief Executive Officer of Stitch Fix and electing her to the Board of Directors, effective August 1 2021.
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Stitch Fix (SFIX) Announces Founder and CEO Katrina Lake to become Executive Chairperson and Elizabeth Spaulding to become CEO August 1

Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here. Stitch Fix, Inc. (NASDAQ: SFIX), the leading online personal styling service, today announced Founder and CEO Katrina Lake will transition to the role of Executive Chairperson of the Board, effective August 1, 2021. Stitch Fix's Board of Directors will be appointing President, Elizabeth Spaulding, to the role of Chief Executive Officer of Stitch Fix and electing her to the Board of Directors, effective August 1 2021.
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Stitch Fix CEO Katrina Lake: "Customers' Embrace of Our Offering Is Here to Stay"

Stitch Fix (NASDAQ:SFIX) shares tumbled after the company announced its fiscal 2021 second quarter earnings results. While both sales and profits were just slightly lower than expected, the bigger problem was the downgrade to management's short-term outlook, just three months after the company issued a bullish full-year 2021 forecast. The quick change in tone spooked investors who had pegged Stitch Fix as an accelerating growth story.
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