Elizabeth Spaulding Joins the Stitch Fix Leadership Team as President
December 09 2019 - 4:05PM
Stitch Fix, Inc. (NASDAQ: SFIX), the leading online personal
styling service, announced that Elizabeth Spaulding will join the
Stitch Fix leadership team as President, reporting to Katrina Lake,
effective January 27, 2020.
Spaulding is Global Head and founder of Bain
& Company’s Digital practice, a partner at the global
consulting firm and serves on its board of directors. As part of
Bain’s Digital practice, Spaulding also founded ADAPT (the software
engineering group) as well as the Bain Innovation Exchange, which
brings together innovators, entrepreneurs, VCs and business leaders
to form mutually beneficial connections.
In her current role, which she has been in since
2014, she is focused on expanding Bain’s capabilities in software
development and engineering, innovation services, as well as
corporate development for new technology. Spaulding works with both
Bain’s internal teams and consumer and technology companies looking
to enable growth and innovation. She leads a team that operates
across the world, in cities including Beijing, Bangalore,
Singapore, London, Berlin, and San Francisco.
“I’m excited to welcome Elizabeth to our team,”
said Stitch Fix founder and CEO Katrina Lake. “She is an extremely
talented leader, with extensive experience on a global scale. We
are entering an exciting new chapter for Stitch Fix, as we expand
our personalization capabilities to serve more clients in new and
engaging ways. Elizabeth will be instrumental in bringing this to
life,” Lake added.
At Stitch Fix, Spaulding will lead initiatives
and innovations that focus on driving the next phase of Stitch
Fix’s growth, including direct-buy capabilities and the company’s
international expansion efforts.
Spaulding said, “I am thrilled to be joining
Stitch Fix at such a transformational time, and to have the
opportunity to help lead the next chapter of the company’s growth
with Katrina and the Stitch Fix leadership team. Stitch Fix is
redefining retail, and I’m excited to bring my experience and
global perspective to bear as we build out the company’s
personalization platform in new and compelling ways. There’s so
much opportunity ahead, and I can’t wait to get started.”
About Stitch Fix:
Stitch Fix is reinventing the shopping
experience by delivering one-to-one personalization to our clients,
through the combination of data science and human judgment. Stitch
Fix was founded in 2011 by CEO Katrina Lake. Since our founding,
we’ve helped millions of men, women, and kids discover and buy what
they love through personalized shipments of apparel, shoes, and
accessories, hand-selected by Stitch Fix stylists and delivered to
our clients’ homes. For more information about Stitch Fix, please
visit https://www.stitchfix.com.
Forward-Looking Statements
This press release contains forward-looking
statements within the meaning of the federal securities laws. All
statements other than statements of historical fact could be deemed
forward looking, including but not limited to statements regarding
Ms. Spaulding joining as our President and the date on which her
tenure will begin, and our growth, including expanding our
direct-buy capabilities and international expansion. These
statements involve substantial risks and uncertainties, including
those described in the filings we make with the Securities and
Exchange Commission (“SEC”). Further information on these and other
factors that could cause our financial results, performance, and
achievements to differ materially from any results, performance, or
achievements anticipated, expressed, or implied by these
forward-looking statements is included in filings we make with the
SEC from time to time, including in the section titled “Risk
Factors” in our Annual Report on Form 10-K for the fiscal year
ended August 3, 2019. These documents are available on the SEC
Filings section of the Investor Relations section of our website
at: https://investors.stitchfix.com. We undertake no obligation to
update any forward-looking statements made in this press release to
reflect events or circumstances after the date of this press
release or to reflect new information or the occurrence of
unanticipated events, except as required by law. The achievement or
success of the matters covered by such forward-looking statements
involves known and unknown risks, uncertainties, and assumptions.
If any such risks or uncertainties materialize or if any of the
assumptions prove incorrect, our results could differ materially
from the results expressed or implied by the forward-looking
statements we make. You should not rely upon forward-looking
statements as predictions of future events. Forward-looking
statements represent our management’s beliefs and assumptions only
as of the date such statements are made.
IR Contact:
David Pearce
ir@stitchfix.com
PR Contact:
Suzy Sammons
media@stitchfix.com
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