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SAN FRANCISCO, Feb. 21, 2024 (Globe Newswire) — The Real Real (NASDAQ: REAL), the world’s largest online marketplace for the resale of authentic luxury goods, today hires Ajay Gopal as Chief Financial Officer (CFO), effective March 18, 2024, and appoints current Directors. announced that it did. Karen Katz will become Chair of the Board of Directors (Board) effective February 20, 2024.
“We are thrilled to welcome Ajay to The RealReal,” said John Korir, CEO of The RealReal. “Ajay not only has solid experience in high-growth and innovative businesses, but his diverse background and experience across e-commerce and two-sided marketplaces will help The RealReal pursue profitability. This will be invaluable as we continue.”
Mr. Gopal currently serves as CFO of Outside Interactive and has extensive experience leading technology-enabled consumer companies, having previously served as CFO at Good Eggs, Helix, and StubHub. He also held senior finance management positions at eBay and GE Healthcare. Mr. Gopal has demonstrated the strategic ability to leverage financial organizations to drive profitable growth. At StubHub, he led Finance through a transformational period in which its business doubled in size, global revenues exceeded $1 billion, and its presence expanded from four countries to more than 45 countries.
“Resale has gained a lot of momentum in the last few years and is attracting attention from investors as well as consumers,” Gopal said. “I was drawn to The RealReal’s best-in-class experience and am excited to partner with this great team to continue executing our strategy and creating long-term value for our shareholders.”
Mr. Gopal holds a Master’s degree in Business Administration from Birla Institute of Technology.
Commenting on Katz’s appointment as Chairman of the Board, Korir continued: “Karen has made invaluable contributions to The RealReal since joining the Board in 2021. Her industry knowledge, strategic expertise and track record are unparalleled.” comes at a critical time for our company as we focus on profitable growth, and we are confident she will help take The RealReal to new heights. ”
With a decades-long career in luxury retail, Mr. Katz has established himself as a visionary leader. As the former CEO of Neiman Marcus Group, Mr. Katz leveraged Neiman Marcus’ brick-and-mortar presence, including Neiman Marcus, Bergdorf Goodman, and Last Call, to create omnichannel businesses that integrate customers’ online and in-store experiences through technology. We have launched a strategy. And personalization. She also led the 2014 acquisition of luxury e-commerce retailer My Theresa and expanded its e-commerce services to support Neiman’s Marcus omnichannel strategy.
Rob Krolik, who served as The RealReal’s lead independent director from January 2019 until Katz was appointed chairman, said: “I am thrilled to appoint Karen as chairman of the board.” “Her wealth of experience and industry leadership is unparalleled. I am honored to serve on the board with Karen and will continue to look forward to working with her as she drives The RealReal into the next phase of the business. We look forward to continuing to work with them.”
Mr. Katz currently serves on the boards of Under Armour, Humana and Rokt.
About The Real Real Co., Ltd.
The RealReal is the world’s largest online marketplace for reselling authentic luxury goods, with over 34 million members. With a rigorous certification process overseen by experts, The RealReal provides a safe and trusted platform for consumers to buy and sell luxury goods. We have hundreds of in-house gemstone, watch and brand appraisers who inspect thousands of items every day. As a sustainable company, we breathe new life into thousands of branded pieces across numerous categories, including women’s and men’s fashion, fine jewelry and watches, art and home, to support a circular economy. Masu. We make selling easy with free virtual appointments, in-home pickup, pickup, and direct delivery. We do all the work for shippers, including authentication, optimal pricing using AI and machine learning, photographing and listing products, and handling shipping and customer service.
Investor Information Contact:
Caitlin Howe
caitlin.howe@therealreal.com
Press contact:
Laura Hogya
Laura.hogya@therealreal.com
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