resignation Archives - Crunchbase News /tag/resignation/ Data-driven reporting on private markets, startups, founders, and investors Tue, 10 Dec 2019 15:53:04 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.5 /wp-content/uploads/cb_news_favicon-150x150.png resignation Archives - Crunchbase News /tag/resignation/ 32 32 Away CEO Korey Resigns After Abusive Practice Allegations /venture/away-ceo-korey-resigns-after-abusive-practice-allegations/ Mon, 09 Dec 2019 23:18:30 +0000 http://news.crunchbase.com/?p=23188 Update: This article was revised post-publication with a comment from Steph Korey

Online luggage retailer has of its chief executive, . She will function as executive chairman. The news comes days after detailing abusive management practices from Korey and others at the popular upstart, .

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Before the resignation was announced, Korey apologized for “mistakes” made at the company through her Twitter account.

“What you read in the article doesn’t reflect the company we want to be,” Korey said in the statement, which garnered hundreds of likes. “I want to be clear that the Away I am committed to is one where we set the highest standards for how we treat our people and help them grow.”

Still the company insists the new appointment was unrelated to the drama. In an email from Away,  Korey said:Over the past eight months, I led the recruiting process that led us to bringing on Stuart, and I’m so thrilled for him to join the company as Away’s CEO. Stuart is a deeply experienced leader and operator who will be transformative for Away’s next phase of growth. I am looking forward to stepping into my new role as executive chairman.”

Meanwhile, New York-based Away issued a on Monday afternoon announcing that it had tapped retail industry veteran to serve as the company’s new CEO, effective Jan. 13, 2020. Haselden will join Away co-founders Korey and on the company’s board. Most recently, Haseldan was the COO (and previously CFO) of and before that, he was the CFO of J. Crew.

The New York-based upstart has raised over since its inception in 2016, with over 20 investors including , , , and .

“This story speaks to something true not just of startups but *any* company: everyone says they strive for world-class service for customers, but few are actually willing to pay for staffing, training, and tools necessary for that,”, in response to the toxic work environment allegations.

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