- RealReal Inc REAL founder Julie Wainwright has decided to step down from her role as Chief Executive Officer, Chairperson, and member of the board of directors, effective June 7, 2022.
- The company has appointed its COO Rati Sahi Levesque and CFO Robert Julian as Co-Interim CEOs, effective June 7, 2022.
- The board has decided to retain an executive search firm to commence a search process for a new CEO.
- REAL said Wainwright has agreed to serve in an advisory role as the Founder through the end of 2022.
- Price Action: REAL shares are trading higher by 10% at $3.19 on the last check Tuesday.
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