The uptick in CFO transitions this year continues. After five years as the first finance chief of the unicorn Faire, Lauren Cooks Levitan was promoted to president, and Jason Lee, currently VP of finance, will take on the CFO role in August.
San Francisco-based Faire, is a wholesale marketplace that connects hundreds of thousands of independent, local retailers with global brands. Some of the product categories include food and beverages, apparel, home, and jewelry. Since its launch in 2017, the startup has raised over $1 billion from investors such as Sequoia Capital, Founders Fund, Y Combinator, Khosla Ventures, and Lightspeed Venture Partners. Faire reported a $12.4 billion valuation in 2021. Chef David Chang’s popular specialty food brand Momofuku Goods is among the 100,000 brands available on Faire. It is also a recommended wholesale marketplace partner to Shopify. Faire has over 900 employees.
