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CPNG - Farfetch CEO and founder resigns as company braces for job cuts
Coupang Inc. Class A
2024-02-15 16:25:42 ET
Farfetch ( OTCPK:FTCHF ) founder and CEO Jose Neves has resigned with immediate effect from the online luxury retailer ahead of the company’s plan to let go of 30% of its staff amid cost-cutting measures. CFO Tim Stone and COO Luis Teixeira were also leaving the company. Although Neves will remain as a consultant, Coupang ( NYSE: CPNG ) CEO Bom Kim will assume the CEO position. There are no plans to find a replacement for Neves. ...