Poshmark Ceo And Founder To Step Down

Fashion resale marketplace Poshmark announced connected Monday that its founder, Manish Chandra, is stepping down arsenic CEO. Namsun Kim, who has served arsenic executive president since April, has been appointed arsenic his successor. 

Chandra founded Poshmark successful 2011 alongside his 3 co-founders successful a car shed successful Silicon Valley. Under his leadership, the institution went public, was acquired by Naver successful 2022, and has grown to 150 cardinal users to date.

After astir 15 years, he’ll modulation to being a personnel of nan committee of directors. 

In an email sent to users, Chandra wrote, “Leading this institution has been nan top grant of my master life. Every occurrence we’ve achieved, each situation we’ve overcome, has been because of you. It’s been nan privilege of a life witnessing each of you grow, and it has genuinely inspired maine each azygous day. From nan bottommost of my heart, convey you. For being nan bonzer organization that you are, for your trust, your creativity, and for each nan possibilities you proceed to create together.”

Kim comes from Naver, wherever he presently serves arsenic president of investments. According to Chandra, Kim has been moving pinch nan laminitis since nan opening of this twelvemonth to guarantee nan modulation is “as soft arsenic possible,” he said.