Everlane founder steps aside as new CEO named US clothing retailer Everlane has appointed Andrea O’Donnell as its new chief executive. The appointment will see Everlane’s founder Michael Preysman move into the position of executive chair while taking on a sustainability-focused role. O’Donnell will join the business on October 6 to begin the transition, while both will officially take up their respective new positions on January 1, 2022. O’Donnell joins Everlane from Deckers Brands, wher
nds, where she was president of the Ugg brand and led major campaigns, such as its recent collaboration with Telfar. She has also previously held posts at retail brands including Lane Crawford and John Lewis.
Kate Morris leads new private equity firm
Adore Beauty founder Kate Morris has co-founded a new private-equity firm in an effort to knock down the walls she faced as a woman raising capital for her beauty business.
The new venture, Glow Capital Partners, aims to help founders make a positive impact through business, Morris said.
“My experience as a woman founder trying to raise capital was one of walking into rooms full of men in suits,” she said in a post on LinkedIn. “I’d built a successful and fast-growing business but was ignored or dismissed by so many who didn’t understand, or did not want to take the time to understand, the beauty market.
“I am convinced that the only way to change [the funding experience] for the women who come after me is to be part of building a better alternative.”
Morris’s partner in Glow Capital Partners is Justin Ryan, chairperson of Adore Beauty.
The firm states that it will make investments between $20 million and $50 million in sustainable, later-stage growth companies that are “market-leading, purpose-driven brands that value culture” and diversity, and connect with employees and customers.
Amber appoints new CEO, head of marketing
Tile retailer Amber has appointed a new CEO, Peter Sinodinos, who brings both franchising and retail experience to the role.
Sinodinos was CEO at Snap Print & Design for two years, spent 12 years with the Good Guys and has worked with Warner Music and HMV.
He replaces acting interim CEO Shirley Liew who stepped in to the role for a year to transition the management team. Liew, who was key to getting Sinodinos into the CEO position, remains chairman of the board.
Sinodinos said he was eager to take up the opportunity and has stepped aside from his consultancy role to focus solely on Amber.
“We have a clear and renewed focus on business operations improvement and development, and digitisation, in alignment with our three year growth strategy,” he said.
Paul Byrne joins the business as head of marketing. Byrne has worked in and around building products and the manufacturing industry, working with Brickworks Building Products and James Hardie.
He told Inside Franchise Business Executive, “Our primary focus is on assisting franchisees through Covid lockdowns, and working towards a sustainable future for everybody.
“We’ve had limited ability to meet franchisees but there’s a positive vibe, and we’re excited to undertake the transformation to update the IT infrastructure, deliver higher calibre services, and map the great offline experience to the online experience in a way that demonstrates the level of knowledge and expertise at Amber.”
Most pressing for the business right now is the head office and distribution centre relocation from Blacktown to Kemps Creek near Badgerys Creek in Western Sydney which is underway and scheduled to be completed by the end of September.