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Redbubble (ASX:RBL) share price on watch after naming former SEEK exec as new CEO

The Redbubble Ltd (ASX:RBL) share price will be on watch today after it named a former SEEK Limited (ASX:SEK) executive as its new CEO…
The post Redbubble (ASX:RBL) share price on watch after naming former SEEK exec as new CEO appeared first on Motley Fool Australia. –

The Redbubble Ltd (ASX: RBL) share price will be on watch this morning after naming its new Chief Executive Officer (CEO).

What did Redbubble announce?

This morning the ecommerce company revealed that it has appointed former SEEK Limited (ASX: SEK) executive, Michael Ilczynski, as its new CEO.

Mr Ilczynski, who was formerly the CEO of SEEK Asia Pacific and Americas, will replace interim CEO, Martin Hosking, on 27 January 2021.

Redbubble’s Chair, Anne Ward, believes Mr Ilczynski will be a great fit for the company and that his previous experience with SEEK will help take it to the next level.

She commented: “Michael played a major role in helping SEEK grow into the global force it is today. That track-record, including the successful development of his team, evolution of the product and scaling of the business, are the right combination to continue Redbubble’s transition from a niche to mainstream global consumer marketplace.”

“SEEK is one of the few companies in Australia to have been down this path before Redbubble and we are delighted to be able to attract a proven, senior leader of Michael’s calibre to join Redbubble,” she added.

The Chair also praised its interim CEO, Martin Hosking, for leading Redbubble through a challenging operating environment and delivering exceptional growth.

She said: “We are grateful to Redbubble’s interim CEO Martin Hosking for an incredible year of strong performance in challenging circumstances and for his ongoing support as Michael takes over. This is the right appointment for our shareholders, our people, our artists and our customers.”

Mr Hosking has agreed to remain on the Board as a non-executive director. The company notes that this means it will continue to benefit from his deep knowledge and experience during its next phase of growth.

Mr Ilczynski appears up for the challenge of leading Redbubble through its next phase.

The new CEO commented: “Redbubble is a truly unique global organisation. The three-sided marketplace that has been built is now operating with real scale and momentum, presenting a wonderful opportunity to further grow the Redbubble and TeePublic brands, to connect deeply with our customers, and to deliver more value to our artists and fulfilment partners.”

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Motley Fool contributor James Mickleboro owns shares of SEEK Limited. The Motley Fool Australia has recommended SEEK Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The post Redbubble (ASX:RBL) share price on watch after naming former SEEK exec as new CEO appeared first on Motley Fool Australia.

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