resignation Archives - 做厙勛圖 News /tag/resignation/ Data-driven reporting on private markets, startups, founders, and investors Tue, 10 Dec 2019 15:53:04 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.12 /wp-content/uploads/cb_news_favicon-150x150.png resignation Archives - 做厙勛圖 News /tag/resignation/ 32 32 Away CEO Korey Resigns After Abusive Practice Allegations /venture/away-ceo-korey-resigns-after-abusive-practice-allegations/ Mon, 09 Dec 2019 23:18:30 +0000 http://news.crunchbase.com/?p=23188 Update: This article was revised post-publication with a comment from Steph Korey

Online luggage retailer has of its chief executive, . She will function as executive chairman. The news comes days after detailing abusive management practices from Korey and others at the popular upstart, .

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Before the resignation was announced, Korey apologized for ���mistakes��� made at the company through her Twitter account.

���What you read in the article doesn���t reflect the company we want to be,��� Korey said in the statement, which garnered hundreds of likes. ���I want to be clear that the Away I am committed to is one where we set the highest standards for how we treat our people and help them grow.���

Still the company insists the new appointment was unrelated to the drama. In an email from Away,����Korey��said: ���Over the past eight months, I led the recruiting process that led us to bringing on Stuart, and I���m so thrilled for him to join the company as Away���s CEO. Stuart is a deeply experienced leader and operator who will be transformative for Away���s next phase of growth. I am looking forward to stepping into my new role as executive chairman.���

Meanwhile, New York-based Away issued a on Monday afternoon announcing that it had tapped retail industry veteran to serve as the company’s new CEO, effective Jan. 13, 2020. Haselden will join Away co-founders Korey and on the company���s board. Most recently, Haseldan was the COO (and previously CFO) of and before that, he was the CFO of J. Crew.

The New York-based upstart has raised over since its inception in 2016, with over 20 investors including , , , and .

���This story speaks to something true not just of startups but *any* company: everyone says they strive for world-class service for customers, but few are actually willing to pay for staffing, training, and tools necessary for that,���, in response to the toxic work environment allegations.

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