Stuart Haselden is stepping down as CEO of smart luggage-maker Away, Axios has learned. He'll be succeeded on an interim basis by company co-founder Jen Rubio, and an outside search firm has been retained to find a permanent successor.
Why it matters: Haselden, formerly with Lululemon, appeared to have established executive stability at Away, whose co-founder Steph Korey previously resigned as CEO before retaking the reins alongside Haselden and then resigning again.
- The news comes as Away continues to deal with the pandemic's devastating impact on the travel and travel accessories sectors.
Haselden wrote in a memo to company employees that he decided to "pursue another opportunity," while a source close to the situation said his resignation was driven by family considerations. An all-hands company meeting is scheduled for Monday, and the CEO transition becomes effective on Feb. 3.
What they're saying:
The big picture: New York-based Away has raised over $200 million from venture capitalists, including an infusion last summer.