Michimich.com - StockX Announces CEO Transition

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~ StockX, a leading online marketplace for buying and selling authentic sneakers, streetwear, watches, and designer handbags, has announced a change in leadership. Scott Cutler, who has served as the company's Chief Executive Officer (CEO) since June 2019, will be stepping down from his role effective December 31, 2024. The Board of Directors has selected Greg Schwartz, the company's co-founder and current President & COO, to take over as the next CEO.

Cutler's decision to step down comes after five years of rapid growth for StockX. As one of the company's earliest investors and advisors before becoming CEO, Cutler played a crucial role in scaling the business and navigating through challenges such as the global pandemic and macroeconomic headwinds. He will now resume his role as an advisor and work closely with Schwartz to ensure a smooth transition.

In his new role as CEO starting January 1, 2025, Schwartz will continue to build on StockX's success under Cutler's leadership. As one of the company's co-founders alongside Dan Gilbert, Josh Luber, and Chris Kaufman in 2016, Schwartz has been instrumental in shaping StockX into what it is today. As COO since its inception, he has overseen key functions such as product & tech, global operations, and marketing. Under his leadership, StockX has delivered industry-leading features and deepened relationships with buyers and sellers.

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"I am honored to assume the role of StockX's CEO," said Schwartz. "From our humble beginnings in Detroit in 2016 to where we are now is truly remarkable. I am grateful for the opportunity to work with such an incredible team across different functions and I am excited to continue our journey of growth globally."

As CEO, Schwartz plans to focus on brand growth, category diversification, and market expansion to further extend StockX's reach. He also intends to prioritize product innovation and delivering exceptional customer experiences.

Cutler expressed his confidence in Schwartz's ability to lead StockX into its next chapter. "From day one, Greg has been a partner in scaling the business and strengthening its brand position," said Cutler. "I have no doubt that he will continue to build on the work we started and take StockX to new heights."

Stacy Brown-Philpot, StockX board member and Chair of its Nominating, Governance & Impact committee, also praised Cutler for his contributions to the company over the past five years. "Scott has played a crucial role in solidifying operational excellence and cementing StockX's leadership position in a competitive market," said Brown-Philpot. "We are confident that Greg is ready to take on the role of CEO with the same passion and dedication as a founder."

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For more information about StockX and its leadership team, visit https://stockx.com/about/company/. With this change in leadership, StockX is poised for continued success and growth in the years to come.

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