One Kings Lane has parted ways with one of its most senior executives, Andrea Stanford, the company confirmed to Re/code on Monday. Re/code had inquired about her job status after a source said Stanford left the company’s Los Angeles office abruptly last week and was believed to be out.
Longtime One Kings Lane Exec Is Out
Andrea Stanford was one of the site’s top merchandising executives.
One Kings Lane
Jason Del Rey has been a business journalist for 15 years and has covered Amazon, Walmart, and the e-commerce industry for the last decade. He was a senior correspondent at Vox.
Stanford was one of the online furniture seller’s two top merchandising executives under co-founder and Chief Merchandising Officer Susan Feldman. In this role, Stanford ran a team that was responsible for choosing which furniture and home decor the startup sold in its vintage and antique categories. Stanford had also previously run the company’s peer-to-peer furniture marketplace Hunters Alley, which new CEO Dinesh Lathi shut down earlier this year.
Stanford had been with One Kings Lane for five years. She did not respond to LinkedIn or Twitter messages seeking comment. A One Kings Lane rep declined to comment beyond confirming Stanford’s departure.
Stanford’s exit comes as Lathi, who became CEO earlier this year, makes drastic changes to try to kickstart sales growth while simultaneously focusing on the startup’s bottom line. He oversaw layoffs of 15 percent of the staff in June and plans to close down the company’s Los Angeles office, where Stanford and several dozen other employees are based.
It has been less than a year since the online home decor retailer raised a giant $112 million investment, valuing the company at more than $900 million. Investors include Mousse Partners, Kleiner Perkins, Greylock Partners and Tiger Global. Shortly after, former CEO Doug Mack left to run online sports retailer Fanatics and Lathi, the company’s chief financial officer, took over the top spot.
This article originally appeared on Recode.net.
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