Brands
Valentino
Italian luxury house Valentino confirmed chief executive officer Jacopo Venturini stepped down earlier this week, SJ’s sister publication WWD reported, after reaching a mutual agreement to terminate his employment and board positions, effective Aug. 13. Venturini cited personal reasons for his exit following a five-year tenure—during which Kering bought a 30 percent stake in Valentino from the majority holder, Qatari investment fund Mayhoola—in a cash deal valued at $1.54 billion. Venturini’s successor will be announced “in due course,” Valentino said.
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Retail
Poshmark
Resale marketplace Poshmark announced that co-founder Manish Chandra will transition from chief executive officer to a strategic role on the company’s board of directors. Namsun Kim, Poshmark’s current executive chairman, will be appointed CEO, effective Oct. 1.
Kim currently serves as president of investments at Naver Corp., Korea’s largest internet company, overseeing Naver’s global strategic and venture capital investments after a three-year stint as chief financial officer. Last April, Kim joined Poshmark’s board as executive chairman to continue “playing a pivotal role in the company’s growth trajectory,” following Naver’s acquisition of Poshmark in January 2023.
Funko
Pop culture lifestyle brand Funko has named Josh Simon as chief executive officer, effective Sept. 1, succeeding interim CEO Michael Lunsford and joining the board of directors, effective the same day, as well. Simon previously spent five years as vice president, consumer products of Netflix, where he oversaw live experiences, launched an inaugural e-commerce platform and developed an experiential business division. Before that, Simon held several senior management roles of increasing responsibility at Nike, most recently as vice president and head of global strategy for product, design, merchandising and categories.
Logistics
FedEx
Multinational delivery services firm FedEx has named Vishal Talwar as executive vice president, chief digital and information officer of FedEx Corp. and as president of FedEx Dataworks. As CDIO and president of FedEx Dataworks, Talwar will drive the company’s strategic initiatives, focusing on digital solutions using data, AI and other advanced technologies alongside “comprehensive cybersecurity measures. Talwar brings over 25 years of experience utilizing technology to drive growth and improve operational efficiency. He most recently served as senior managing director and chief growth officer of Accenture Technology, during which time he engaged with FedEx’s digital transformation efforts for about two years.
Uber Freight
Uber Freight, a digital freight platform managing about $17 billion of the country’s roughly $800 billion freight industry, has named Rebecca Tinucci as CEO. Tinucci succeeds founder and CEO Lior Ron, who will transition to chairman and join Uber-backed physical AI startup Waabi as COO. Tinucci has most recently served as Uber’s global head of electrification and sustainability. She previously spent six years at Tesla in various roles, beginning as a senior product manager in March 2018 and ending as senior director of charging infrastructure in August 2022.
