A significant leadership change is underway at one of the resale industry’s top innovators. In a major leadership transition, Poshmark, the leading fashion resale marketplace, has announced that CEO and co-founder Manish Chandra is stepping down as chief executive. Chandra, who co-founded Poshmark in 2011 and guided it from startup to industry powerhouse, will shift to a strategic role on the board of directors, concluding a transformative tenure that reshaped social commerce and secondhand shopping. This move marks an important new phase for the company.
Namsun Kim Takes Over: Naver’s Strategic Appointment
Stepping into the CEO role on October 1 is Namsun Kim, current executive chairman of Poshmark’s board and president of investments at Naver, the South Korean tech company that acquired Poshmark in a $1.2 billion deal more than two years ago. Kim previously served as Naver’s chief financial officer, bringing a wealth of experience in global strategy and…
venture investments. This appointment shows Naver’s intent to guide Poshmark more directly, strengthening alignment between the parent company and its fast-growing U.S. subsidiary.
Kim’s time as Poshmark’s executive chairman is credited with helping the company strengthen operational efficiency and achieve important business goals. The company expects Kim’s global perspective and investment experience to help Poshmark accelerate its growth and navigate a competitive online marketplace sector.
Reflecting on Manish Chandra’s Legacy Chandra’s years at Poshmark were shaped by bold innovation and a deep commitment to community. He leaves behind years of achievements in retail technology and user-driven commerce.
As Manish Chandra shared in the official statement on Retail Dive, Manish Chandra: “I’m immensely proud of what we’ve accomplished together — the innovations we’ve introduced, the relationships we’ve built, and the impact we’ve made…
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