Clearco’s CEO, Michele Romanow, Stepping Down as Firm Lays Off Extra Workers
FP | Stephanie Hughes | Jan 16, 2023
Dragons’ Den star and serial entrepreneur Michele Romanow is stepping down as chief government of Toronto-based Clearco, almost a 12 months after she took on the place, however will keep on in a brand new position as co-executive chairman.
- The transfer is a part of a sequence of modifications on the e-commerce financing firm that features reducing its workforce by 25 per cent because it continues a restructuring technique.
- Final summer time, Clearco laid off roughly 1 / 4 of its workers and scaled again its worldwide operations, eliminating all of its workers in Eire, the U.Ok. and Australia. These strikes reportedly affected about 60 staff.
- Andrew Curtis now CEO of the lender to e-commerce startups whereas Romanow will oversee exterior relations and lead fundraising efforts going ahead throughout what she calls a “pure inflection level” for the corporate this 12 months.
- Curtis has over 20 years of finance and capital markets expertise in New York, together with roles at main funding banks Merrill Lynch & Co. and Lazard Frères.
See: Clearco Hires Advisor to Consider Strategic Choices and Exits Overseas Markets
Michelle Romanow:
As a founder, crucial factor to me is the long-term imaginative and prescient of Clearco. After operating this firm for the final eight years, it was apparent we would have liked new management to take the corporate to new heights.
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