Stitch Fix has hired a new CFO. An IPO probably comes next.

Stitch Fix has hired a new CFO. An IPO probably comes next.
By Jason Del Rey.

Stitch Fix, the fast-growing online retailer that ships personalized fashion assortments to customers’ doors, has hired a new chief financial officer who many industry insiders believe will soon guide the company to an IPO.

Paul Yee was most recently the global chief financial officer at People Against Dirty, the parent company of the household product brand Method.

Before that, Yee served as the vice president of finance and investor relations at Peet’s Coffee; he has also worked at Gap and Old Navy. Yee is filling a role that appears to have been vacant since former CFO Michelle Weaver left the company late last year.

At Stitch Fix, Yee is joining a company that appears to be on a fast track to an IPO. The company recently said that it recorded revenue of $730 million in its last fiscal year — just its fifth year of operation — which ended almost a year ago.

Read more at Re/code.

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