Poshmark announced on Monday that its founder, Manish Chandra, is stepping down as CEO. Namsun Kim, who has served as executive chairman since April, will take over as his successor.
Chandra founded Poshmark in 2011 alongside three co-founders in a Silicon Valley garage. During his tenure, the company went public, was acquired by Naver in 2022, and grew to 150 million users. After nearly 15 years, Chandra will transition to a role on the board of directors.
In an email to users, Chandra expressed gratitude, saying, “Leading this company has been the greatest honor of my professional life. Every success we’ve achieved, every challenge we’ve overcome, has been because of you. It’s been the privilege of a lifetime witnessing each of you grow, and it has truly inspired me every single day. From the bottom of my heart, thank you for being the extraordinary community that you are, for your trust, your creativity, and for all the possibilities you continue to create together.”
Kim, who currently serves as president of investments at Naver, has been working closely with Chandra since the beginning of the year to ensure a smooth transition.