The RealReal Appoints Two Women to Board of Directors
August 04 2020 - 4:30PM
Today, The RealReal (Nasdaq: REAL)—the world’s largest online
marketplace for authenticated, consigned luxury goods—announced
Caretha Coleman (Principal of Coleman Consulting) and Carol Melton
(CEO and Founder of Adeft Capital) have joined its Board of
Directors, effective immediately. These appointments make The
RealReal’s board 50 percent female.
“Caretha and Carol’s leadership experience, depth of perspective
and diverse backgrounds undoubtedly strengthen our team,” said
Julie Wainwright, CEO of The RealReal. “Diversity on our board, and
any board for that matter, is essential for innovation, operational
excellence and culture inclusivity, and these women will be
integral in those continued efforts.”
"I have tremendous respect for Julie Wainwright and what she’s
created at The RealReal,” said Caretha Coleman. “I look forward to
building on the strong foundation and making a positive impact on
the future direction of the organization.”
Carol Melton commented, “I’m excited to join the board of a
company truly at the center of retail innovation and
sustainability, and be a part of its force as The RealReal
continues to scale and evolve.”
Coleman brings over 40 years of experience in the technology
industry working with companies of all sizes – from early
stage ventures to public companies – in organizational strategy
development and executive coaching and effectiveness. Among her
accomplishments is Software Publishing Corporation, where she
played an integral role, as Chief Human Resources Officer, in
pioneering one of the earliest successful desktop computer software
businesses. As one of Silicon Valley’s first female technology
executives of color, Caretha has spent decades advocating for women
and minorities in business and cultivating diverse communities
outside of the workplace. She sits on many boards supporting
underserved populations, including The Leverage Network, which
promotes the advancement of African Americans in leadership
positions within the healthcare industry. Coleman also serves as
Chairman of Dignity Community Care, which is now part of the merged
CommonSpirit Health, and board member of Virdris Learning.
Melton has extensive experience in global public policy having
held leadership roles at two international media and entertainment
companies. Most recently, Melton served as Executive Vice President
for Global Public Policy at Time Warner where her leadership was
instrumental in its 2018 merger with AT&T. Before that,
Melton was Executive Vice President of Global Government Relations
at Viacom where she helped its 1999 acquisition of CBS Corp. Melton
currently serves on the board of JBG Smith (NYSE: JBGS), the
Economic Club of Washington, DC and Halcyon, and is also a member
of the Council on Foreign Relations.
Melton and Coleman join The RealReal’s existing board members:
Julie Wainwright, Founder and CEO; Gilbert L. (Chip) Baird III,
Co-Founder and Partner of PWP Growth Equity; Rob Krolik, General
Partner and Chief Financial Officer of Burst Capital; Michael A.
Kumin, Managing Partner of Great Hill Equity Partners; Niki
Leondakis, President of The Wolff Resident Experience Company; and
James R. Miller, Chief Technology Officer of Wayfair.
About The RealReal, Inc.The RealReal is the
world’s largest online marketplace for authenticated, consigned
luxury goods. With a rigorous authentication process overseen by
experts, The RealReal provides a safe and reliable platform for
consumers to buy and sell their luxury items. We have 150+ in-house
gemologists, horologists and brand authenticators who inspect
thousands of items each day. As a sustainable company, we give new
life to pieces by hundreds of brands, from Gucci to Cartier,
supporting the circular economy. We make consigning effortless with
free in-home pickup, drop-off service, virtual appointments and
direct shipping for individual consignors and estates. At our
stores in LA, NYC and San Francisco, customers can shop, consign,
and meet with our experts. At our 10 Luxury Consignment Offices,
four of which are in our retail stores, our expert staff provides
free valuations.
Press Contact:Erin SantyHead of
Communicationspr@therealreal.com
Investor Relations Contact:Paul BieberHead of
Investor Relationspaul.bieber@therealreal.com
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