Departing Tag

The wonder founder flight is picking up pace.  While founder exits usually are not a latest phenomenon — and sometimes occur under essentially the most amiable of circumstances — a spate of exits in recent months raises questions as to simply what's fueling the trend.  As a refresher: In January, Gregg Renfrew left her role as executive chair and chief brand officer at Beautycounter, the brand she launched in 2013 and sold to the Carlyle Group in 2021 in a deal that valued the corporate at $1 billion. Shortly after, Melisse Shaban exited her role as chief executive officer of hair care brand Virtue Labs. She transitioned as an alternative to an adviser role just because the brand raised a latest financing round...