Stitch Fix Hires New Finance Chief From Amazon

Stitch Fix Inc.

the new CFO,

Dan Jeddah,

joins the group of exiles

Amazon.com Inc.

Executives who left the e-commerce giant to become CFOs elsewhere, strengthening the company’s reputation as a breeding ground for talented financial professionals.

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Stitch Fix, which offers an online personal style service, announced Monday in San Francisco that Mr. Jeddah will be on September 9th. December takes over the office of the Chief Financial Officer. Mr. Jeddah is replacing the previous acting financial director.

Mike Smith,

President and CEO, who announced in November that he would leave Stitch Fix to start a venture capital company.

Mr. Smith held this position almost a year after he left the company.

Paul Yee

Former permanent CFO of Stitch Fix, who was appointed in 2017 and announced his departure in December last year.

Mr. Jeddah joins the Stitch Fix of…

The Amazon,

where he spent more than 15 years in finance, including as CFO of the company’s digital video, music and advertising division. He was also responsible for organizing Amazon’s business development.

Dan brings a wealth of experience in financing and scaling up some of Amazon’s most innovative companies, said the CEO of Stitch Fix.

Lake Katrina

I said.

In his new role, Mr. Jeddah will help expand the company’s adaptive platform and drive growth, Ms. Jeddah said.

Stitch Fix, which was founded in 2011 and will be listed on the public markets in 2017, said Monday that net sales for the year ended December 31, 2009 were below expectations. At the end of the quarter, USD 490.4 million was paid out, an increase of 10% compared to last year.

According to data provider FactSet, analysts predict quarterly sales of $481.2 million. Shares have risen by more than 34% outside working hours. Stitch Fix shares have risen almost 40% this year.

Mr. Jeddah’s appointment follows the example of other consumer and technology companies that have hired CFOs from Amazon.

There were strong financial managers from the Amazons, he said…

Josh Baskins,

Director of the Lancor recruitment agency. I believe that as the world’s most innovative and fastest growing technology company, it can attract the best financial talent, Mr Baskins said.

Ford Motor Co.

managed the finances until October

Tim Stone,

former CEO of Amazon, who was also the company’s Chief Financial Officer.

Snap Inc.

Mr. Stone left Ford after about 18 months and is currently the Chief Financial Officer of Asapp Inc, a software company for artificial intelligence. In the Amazon, you have to learn a trade quickly, Stone said in an interview in July.

Home Rental Company Airbnb Inc, the online map provider Mapbox Inc, and the digital advertising company

Trade Desk Inc.

They also hired their CFO at Amazon or one of its subsidiaries. Snap did the same thing when he hired his current CFO.

Derek Andersen

of the Amazon.

Blake Grayson

took over the financial administration of the Trade Desk last year, after having worked in Amazon’s financial department for almost 11 years. Mr. Grayson said he learned how to do business in the Amazon and how to stay calm under pressure. Not many companies can offer that kind of experience to their families, Grayson said, suggesting the explosive growth of Amazons in recent years.

Amazon’s spokesperson confirmed that several senior members of the company’s financial organization have taken over the role of CFO outside the company.

Stitch Fix refused to make Mr. Jedda available for interviews or comments after the press release.

-Christina Broughton contributed to this article.

Write to Nina Trentmann at [email protected]

Copyright ©2020 Dow Jones & Company, Inc. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8

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