Poshmark CEO and founder to step down

Poshmark, the popular online fashion marketplace, has announced a major leadership change. Manish Chandra, the company's founder and CEO, will be stepping down from his role after nearly 15 years at the helm. Chandra will transition to become a member of the board of directors. Namsun Kim, who has been serving as the executive chairman since April, has been appointed as the new CEO of Poshmark. This transition in leadership comes as the company aims to navigate the evolving e-commerce landscape and continue its growth trajectory. Chandra, who founded Poshmark in 2011, has been instrumental in the company's success, transforming it into a leading social shopping platform. Under his leadership, Poshmark has expanded its reach and offerings, attracting a loyal customer base. The change in leadership is seen as a strategic move to drive the company forward and capitalize on new opportunities in the dynamic online retail market.