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Faire, a B2B marketplace that launched its first online trade show through the height of the pandemic, bolstered its executive team with a hiring and senior staff promotions binge.
The marketplace has raised funding of $1.7 billion because the company was founded seven years ago. It currently has a market valuation of greater than $10 billion, in keeping with Crunchbase.com.
Now, the corporate is putting a few of that money to work expanding its leadership ranks.
Faire executive team and leadership changes
On July 1, Faire promoted Lauren Cooks Levitan to president from chief financial officer and charged her with leading several corporate functions and driving latest business development.
As her alternative, Faire named Jason Lee, already vice chairman of finance, as chief financial officer. Lee joined Faire 18 months ago after spending over a decade leading finance for Square and investor relations for the corporate in its current incarnation as Block, Inc.
Block is a financial technology company serving 56 million users and 4 million businesses. It processes payments value $228 billion annually, the corporate says.
Recent Faire hires
Faire’s other latest employees include:
- Dan Hockenmaier as chief strategy officer. He previously worked as a consultant at Boston Consulting Group and director of growth at Thumbtack.
- Thuan Pham as chief technology officer. He previously served as chief technology for Uber and related roles.
As a marketplace operator, Faire has 100,000 brands and greater than 700,000 retailers in the USA, Canada, Europe, the UK and Australia. Faire also has locations in San Francisco, Waterloo, Salt Lake City, Atlanta, Los Angeles, Latest York, Toronto, London, Amsterdam and São Paulo.
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