News Summary

Fashion resale marketplace Poshmark has announced that its founder, Manish Chandra, is stepping down as CEO. The transition will see Namsun Kim, who has been the executive chairman since April and is also president of investments at Naver, taking over as CEO, effective October 1, 2025. Chandra, who founded Poshmark in 2011 with three co-founders, has overseen the company’s growth to 150 million users and its public offering before its acquisition by Naver in 2022. Chandra will continue to contribute to Poshmark as a member of the board of directors. The leadership change is part of a planned transition to ensure continuity and growth for the company.