The RealReal Appoints E-Commerce and Digital Executive John E. Koryl as CEO and Board Member
January 25 2023 - 9:00AM
The RealReal, Inc. (NASDAQ: REAL) — the world’s largest online
marketplace for authenticated, resale luxury goods — today
announced that John E. Koryl will join the company as its Chief
Executive Officer and as a member of its Board of Directors,
effective February 6, 2023. The company’s Co-Interim Chief
Executive Officers, Rati Sahi Levesque and Robert Julian, will
remain with the company as President and Chief Operating Officer,
and Chief Financial Officer, respectively.
“We are excited to have John join The RealReal at this important
point in the company’s evolution,” said Rob Krolik, The RealReal’s
Lead Independent Director. “He has extensive experience as an
e-commerce and omnichannel executive driving operational excellence
and profitability. This experience, combined with his proven track
record of successfully developing and growing online businesses,
make him the right person to lead The RealReal.”
Koryl has deep executive management experience in developing and
implementing operational efficiencies for supply chain, e-commerce
and digital strategies, at scale. He most recently served as
President, CTC Digital, at Canadian Tire Corporation, Limited
(“CTC”), where he was responsible for transforming CTC’s digital
experiences, and previously, led the Digital Strategy Team as CTC’s
Senior Vice President, Retail Strategy & Performance. Prior to
joining CTC, Koryl helped modernize Neiman Marcus’ omnichannel
experience as President, Stores and Online, and President, Neiman
Marcus Direct. In his new role at The RealReal, Koryl will be
hyper-focused on streamlining the company’s operations to improve
overall client experience, achieve cost savings, and lead the
company to profitability.
“I’m thrilled to be joining The RealReal at such a pivotal time
for the brand,” said Koryl. “As the leader in luxury resale and as
the pioneer in transforming the consignment experience, The
RealReal has significant opportunity to capture even more market
share in the quickly evolving and fast-growing resale industry. I
look forward to working with this innovative, cutting-edge team to
continue growing the circular economy and driving efficiencies to
fast track profitability.”
Co-Interim CEOs, Rati Sahi Levesque and Robert Julian, assumed
their interim positions in June 2022. Effective February 6, 2023,
Levesque will continue as President and Chief Operating Officer
leading the company’s operational strategies, and Julian will
continue as Chief Financial Officer leading the company’s
profitability initiatives.
“On behalf of the Board, I would like to thank Rati and Robert
for their outstanding leadership as Co-Interim CEOs during this
transitional period. I look forward to their continued
contributions to The RealReal and seeing this team of impressive
leaders drive the company forward,” said Rob Krolik.
Koryl holds a Bachelor of Arts degree in Psychology and Computer
Applications from the University of Notre Dame. Koryl also
completed the Stanford Executive Education Program at Stanford
University’s Graduate School of Business.
For more information, visit Investor.TheRealReal.com.
About The
RealReal Inc.The RealReal is the world’s largest online
marketplace for authenticated, resale luxury goods, with more than
30 million members. 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 hundreds of
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 thousands of brands across numerous
categories—including women's and men's fashion, fine jewelry and
watches, art and home—in support of the circular economy. We make
selling effortless with free virtual appointments, in-home pickup,
drop-off and direct shipping. We do all of the work for consignors,
including authenticating, using AI and machine learning to
determine optimal pricing, photographing and listing their items,
as well as handling shipping and customer service. At our 19 retail
locations, including our 16 shoppable stores, customers can sell,
meet with our experts and receive free valuations.
Press Contact:Laura
HogyaLaura.Hogya@TheRealReal.com
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