Canada markets close in 2 hours 6 minutes
  • S&P/TSX

    19,509.84
    +35.19 (+0.18%)
     
  • S&P 500

    4,158.98
    -4.31 (-0.10%)
     
  • DOW

    34,272.04
    -55.75 (-0.16%)
     
  • CAD/USD

    0.8296
    +0.0007 (+0.08%)
     
  • CRUDE OIL

    65.23
    -1.04 (-1.57%)
     
  • BTC-CAD

    52,398.30
    +405.11 (+0.78%)
     
  • CMC Crypto 200

    1,218.18
    -34.97 (-2.79%)
     
  • GOLD FUTURES

    1,868.70
    +1.10 (+0.06%)
     
  • RUSSELL 2000

    2,238.51
    +11.39 (+0.51%)
     
  • 10-Yr Bond

    1.6490
    +0.0090 (+0.55%)
     
  • NASDAQ

    13,430.21
    +51.17 (+0.38%)
     
  • VOLATILITY

    19.65
    -0.07 (-0.35%)
     
  • FTSE

    7,034.24
    +1.39 (+0.02%)
     
  • NIKKEI 225

    28,406.84
    +582.01 (+2.09%)
     
  • CAD/EUR

    0.6784
    -0.0031 (-0.45%)
     

With Founder Katrina Lake Out as CEO, Is It Time to Sell Stitch Fix?

Brett Schafer, The Motley Fool
·4 min read
With Founder Katrina Lake Out as CEO, Is It Time to Sell Stitch Fix?
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

A big surprise came on April 13 when online personal styling service Stitch Fix (NASDAQ: SFIX) announced that founder Katrina Lake will step down as CEO and move to the role of executive chairperson of the board. Current Stitch Fix president Elizabeth Spaulding is taking over from Lake and will lead the day-to-day operations at the company. This news came as a surprise to Stitch Fix investors since there were no indications that Lake would step down from the position she has held since starting the company in 2011.