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Benzinga
Benzinga
Business
Shivani Kumaresan

Founder Julie Wainwright Steps Down As RealReal's CEO, Chairperson & Director

Nasdaq
  • RealReal Inc (NASDAQ:REAL) founder Julie Wainwright has decided to step down from her role as Chief Executive Officer, Chairperson, and member of the board of directors, effective June 7, 2022.
  • The company has appointed its COO Rati Sahi Levesque and CFO Robert Julian as Co-Interim CEOs, effective June 7, 2022.
  • The board has decided to retain an executive search firm to commence a search process for a new CEO.
  • REAL said Wainwright has agreed to serve in an advisory role as the Founder through the end of 2022.
  • Price Action: REAL shares are trading higher by 10% at $3.19 on the last check Tuesday.
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