Fab executives leave no sign of leaving, controlling development plans

Source: Internet
Author: User
Keywords Middot two recent
Tags company company layoffs controlling development e-commerce site financial financial officer it is

There is still no sign of the Arison Rutlech of Fab executives at the E-commerce site, and there have been recent reports that the company has another two executives who are chief product Officer-Parisi (Allison Rutledge-parisi) and chief financial Officer David Lapte (David Lapter). However, Parisi may not officially leave the company until the end of the first quarter of this year.

It is said that the industry had expected Parisi to leave, because as early as last November, in the process of downsizing the company, Parris announced his intention to leave. In addition, in recent months, Fab co-founder and chief design Officer Buderafort Schelheimer (Bradfordshellhammer), chief operating Officer Besse Ferreira (Beth Ferreira) and marketing Director Jared · Executives such as Kraft (Jaredcluff) have been leaving. Fab staff reached more than 700, but after several rounds of layoffs, Fab currently employs about 325 people.

At present, FAB spokeswoman Depolla Ross Deborahroth has confirmed the departure of Lapte and Parisi and said the company has been looking for new chief accounts since January 1 this year. "We are very grateful to Lapte for his two-year tireless work and service in Fab, and we support his decision to leave the company to spend more time with his family," Ross told the Press. We have been looking for a new CFO since January 1, 2014 and we are now negotiating with a number of excellent candidates. ”

In addition, Parisi originally wanted to leave last November, but she eventually agreed to stay in the company in order to help the company to finalize other senior positions, after she will leave. In recent months, Parisi has helped Fab find new marketing Director Alex Dor (ALEXDO) and new design director Kill Mide (Kiel Mead), and Fab recently recruited two new general managers in charge of E-commerce.

FAB financed $ hundreds of millions of last summer, when the company's valuations reached $1 billion trillion, but the company has grown too fast and is now controlling its development plans as its users and sales growth have fallen sharply. "Everyone recognizes that fab is in transition, but this transition is not going to be very easy," Howardmorgan, fab investor Howard Morgan, said to the media. I don't think Fab is likely to make an IPO any time soon. ”

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