By: ShaCamree Gowdy
StockX, the online marketplace for shoes and other collectibles, has announced the appointment of its first woman to its board of directors, per Insider’s Candy Cheng.
Former TaskRabbit CEO Stacy Brown-Philpot’s joins the board with expertise in consumer marketplaces and a passion for developing diverse and inclusive possibilities, qualities that StockX’s CEO Scott Cutler believes will offer a fresh way of thinking to its board.
“It is no coincidence that in only five years, StockX has established itself as a leading global marketplace of its kind. The company’s incredible growth is a testament to its disruptive model, exemplary leadership, and the team that serves as its foundation,” Brown-Philpot said, per a press release from StockX.
Brown-Philpot, who grew up on Detroit’s west side, said she’s always believed in the “value of community.” Witnessing her hometown’s economic decline during the Great Recession and the demise of the auto industry inspired her to pursue her previous role in Silicon Valley. Her decision to resign from the position came following the death of George Floyd in Minneapolis police custody.
“We’re not done, and we have to be responsible and we have to be accountable and we have to push for change and we have to lead in the way that we want to see other leaders behave and act,” she said, per Cheng. “And we have to hold people accountable when they don’t do that.”
According to sources familiar with the subject, Brown-Philpot’s appointment is another indicator that Detroit-based StockX is moving closer to its goal of going public, which is currently projected to happen in early 2022.
She will remain on the boards of HP Inc., Nordstrom, and the weight-loss app Noom. She also serves as a founding member of the SB Opportunity Fund, a SoftBank-led investment business that invests in US startups driven by founders and entrepreneurs of color.