Stitch Fix, Inc. announced that Elizabeth Spaulding will step down as Chief Executive Officer, effective January 5, 2023. Founder and former Chief Executive Officer Katrina Lake has been named Chief Executive Officer, also effective January 5, 2023, to serve in an interim capacity for six months or until her successor is appointed, unless otherwise agreed by Ms. Lake and the Board of Directors. Katrina Lake is the Founder of Stitch Fix.

She served as the company's Chief Executive Officer from its inception in 2011 until July 31, 2021, growing Stitch Fix into an industry leading business with an annual revenue during this time of $1.7bn. She has been a member of the Board of Directors since the company's founding. Katrina took the company public in 2017 and in doing so was the youngest woman at the time to ever take a company public.

She was recognized by Parsons New School as one of the most innovative forces in Fashion, Technology, Sustainability and the Arts in 2019, and by BUILD for her entrepreneurial achievements and her personal involvement as a former BUILD Mentor. She also serves on the board of fellow disruptor, Glossier. Katrina holds a Ms. Lake holds a B.A. in Economics from Stanford University and an M.B.A. from Harvard University.