Recommerce Leader Trove Appoints Terry Boyle as CEO
2024年5月24日 - 4:34AM
ビジネスワイヤ(英語)
Boyle’s Extensive Retail Industry Leadership
and Network to Propel Software Commercialization Efforts
Trove, the market leader in branded resale, today announced the
appointment of Terry Boyle as the new Chief Executive Officer,
effective June 17th. Terry brings vast experience in consumer
retail, having previously served as CEO or President of several
companies, including Zulily, Nordstromrack.com, Trunk Club, and
HauteLook. He succeeds Gayle Tait who has decided to step down as
CEO. Tait will remain on the Company’s Board of Directors.
"On behalf of the Board, I would like to thank Gayle for her
leadership of Trove during this transformative time for the
company. Her vision to transition Trove from a services business to
a software model, and invest in technology has created a path for
Trove to build future scale, significantly enhancing our market
position in the B2B resale space," said Andy Ruben, Trove Founder
and Chairman. “Terry’s extensive retail industry experience,
combined with his approach to transforming retail for a more
sustainable future, positions him as the perfect leader to drive
the company forward. His focus on the continued commercialization
of Trove’s critical software will help brands grow without
increasing their carbon footprint.”
Trove commands nearly two-thirds of all branded resale site
traffic in the U.S. The company continues to expand through new
enterprise partnerships, recently launching resale programs for
Filson (Filson Unfailing), Cotopaxi (Cotopaxi Mas Vida), Brooks
(Brooks ReStart), and Canada Goose (Canada Goose Generations).
Trove is expanding its existing partnerships with iconic brands
such as Patagonia, lululemon, and Arc’teryx, as these pioneers of
resale continue to innovate and move towards a more circular
future.
“Joining Trove at this moment gives me the immense opportunity
to support our partners in achieving their sustainability goals
while simultaneously driving business growth,” said Terry Boyle,
CEO of Trove. “It’s widely recognized that the retail industry must
reduce its environmental impact, and Trove’s impressive suite of
software tools enables brands to build and manage their own resale
programs. By doing so, they can drive revenue growth, acquire new
customers, control their brand image, and improve the customer
experience, all without increasing carbon emissions.”
Gayle Tait joined the company in January 2021 as President and
took the helm as CEO in May 2022.
"I am immensely proud of what the Trove team has accomplished
over the past three and a half years," said Tait. "The hard
decision to step away comes at a time when I am excited about the
direction of the company. My daughters are growing up quickly, and
I’m going to take some time to focus on them. I am thrilled to pass
the mantle to Terry: his unique blend of retail and technology
expertise, and proven ability to scale high-growth companies are
ideal to drive our mission forward, keeping ever more items in
use."
Boyle has successfully led several consumer retail businesses
including Nordstromrack.com, HauteLook, and Trunk Club. In his most
recent role, Boyle was CEO of Zulily, where he improved
contribution and EBITDA margins and introduced new growth
strategies through a series of focused initiatives. Before Zulily,
he was CEO and co-founder of Behold, which used AI to create a
real-time, stylist-driven shopping experience for customers.
About Trove:
Trove is the leading branded resale and trade-in commerce
partner that enables brands to easily start, run, and optimize
impactful resale channels. Through its Recommerce Operating System,
Trove streamlines resale experiences and operations with its
proprietary technology that allows brands to customize and optimize
programs of any size. World-class brands like Canada Goose,
Patagonia, Levi's, lululemon, and Carhartt have trusted Trove to
extend the life of millions of products through branded resale
programs over the past decade. A Certified B Corporation, Trove is
pioneering a new era of retail, essential for a more sustainable
future.
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version on businesswire.com: https://www.businesswire.com/news/home/20240523356429/en/
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