Stitch Fix Adds Timothy Baxter and Fiona Tan to its Board of Directors
September 04 2024 - 8:00AM
Stitch Fix, Inc. (NASDAQ: SFIX), the leading online personal
styling service, today announced that it has appointed Timothy
Baxter and Fiona Tan to its Board of Directors, effective Oct. 14.
“Tim and Fiona are highly respected retail leaders, and we are
excited to welcome them to the Stitch Fix Board of Directors,” said
Matt Baer, Chief Executive Officer, Stitch Fix. “We are currently
in the midst of a transformation, and Tim’s extensive background in
apparel retail and merchandising, in combination with Fiona’s deep
expertise in retail technology, will prove invaluable as we execute
our strategy to deliver the most client-centric and personalized
shopping experience and drive sustainable, profitable growth in the
future.”
Baxter has more than 30 years of retail leadership experience.
In his most recent role, he served as Chief Executive Officer of
fashion apparel retailer Express, Inc., where he is credited with
reinvigorating the Express brand, accelerating the company’s
digital presence, and streamlining its operations. Prior to joining
Express, Baxter was Chief Executive Officer of Delta Galil Premium
Brands, a group of specialty retail apparel brands including 7 For
All Mankind and Splendid. Previously, Baxter spent more than 25
years at Macy’s, Inc. and the former May Department Stores in
various leadership roles, most recently serving as Chief
Merchandising Officer of Macy’s.
“Stitch Fix’s client-centric approach to shopping for apparel
addresses a tangible need in the market, providing a compelling
alternative to the traditional shopping models that are often
frustrating for customers,” said Baxter. “As the company continues
to execute its strategy, I believe it is well positioned to drive
growth in the future. I look forward to partnering with Katrina,
Matt and the rest of the Board to support Stitch Fix during this
transformative time for the company.”
Tan has more than 25 years of experience leading technology and
innovation teams at retail and software companies. She currently
serves as Chief Technology Officer of Wayfair Inc., a leading home
retailer that's leveraged machine learning and AI across its
operations for over a decade, where she oversees the global
technology team. Prior to Wayfair, Tan was Senior Vice President of
Technology at Walmart U.S., where she led innovation and
engineering execution spanning its site, mobile app and all
associate and merchant-facing technology across its e-commerce and
stores businesses in the U.S. Prior to Walmart, Tan held leadership
roles at Ariba, TIBCO Software and Oracle Corporation.
“The Stitch Fix team built a powerful value proposition that
leverages its technology and extensive data, as well as insights
from its team of Stylists, to deliver a highly personalized retail
experience,” said Tan. “As Stitch Fix reimagines its client
experience, I’m looking forward to working alongside the leadership
team and the entire Board of Directors to support the company’s
transformation.”
Additionally, Steve Anderson, a founding investor in Stitch Fix,
who has served on the Stitch Fix Board since 2011, has resigned
from his position, effective Sept. 6.
“I would like to thank Steve for his unwavering support and
guidance as well as the active role he played on our Board over the
past thirteen years,” said Katrina Lake, Founder and Executive
Chairperson, Stitch Fix. “As we continue to execute our
transformation, I look forward to partnering with Fiona and Tim,
whose insights will be critical to helping us deliver on our
mission of helping our clients discover the styles they will
love.”
With the upcoming additions of Baxter and Tan, the Stitch Fix
Board of Directors will comprise eight total directors. Additional
board members include Katrina Lake (Founder and Executive
Chairperson, Stitch Fix), Matt Baer (Chief Executive Officer,
Stitch Fix), Kofi Amoo-Gottfried (Chief Marketing Officer,
DoorDash), Bill Gurley (General Partner, Benchmark Capital), Sharon
McCollam (President and Chief Financial Officer, Albertsons
Companies) and Liz Williams (Chief Executive Officer, El Pollo
Loco).
About Stitch Fix, Inc.
Stitch Fix (NASDAQ: SFIX) is the leading online personal styling
service that helps people discover the styles they will love that
fit perfectly so they always look - and feel - their best. Few
things are more personal than getting dressed, but finding clothing
that fits and looks great can be a challenge. Stitch Fix solves
that problem. By pairing expert stylists with best-in-class AI and
recommendation algorithms, the company leverages its assortment of
exclusive and national brands to meet each client's individual
tastes and needs, making it convenient for clients to express their
personal style without having to spend hours in stores or sifting
through endless choices online. Stitch Fix, which was founded in
2011, is headquartered in San Francisco. For more information,
please visit https://www.stitchfix.com.
IR
Contact:Hayden Blairir@stitchfix.com |
PR Contact:Liz
Nunanmedia@stitchfix.com |
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