Net-a-Porter: departure of CEO
For Net-a-Porter, a page has definitely been turned. The British e-retailer’s chief executive, Mark Sebba, has announced that he is retiring. In 2003, Sebba joined the company founded in 2000 by Natalie Massenet.
Bringing financial and executive experience to the young company - at the time made up of forty or so employees - he was heavily involved in its development and international expansion. The company long ago passed the 1,000-employee mark, now with a roster of over 350 brands and designers. The site boasts some 2.5 million monthly visitors. Richemont SA holds a majority stake in the company.
Sebba was recently appointed director of the Victoria and Albert Museum in London. While Net-a-Porter is looking for his successor, he will remain on as the non-executive director of the company.
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