Catherine Spear is the Chief Executive Officer of FIGS, a company that specializes in healthcare apparel. She stepped into this role on August 4, 2022, after previously serving as co-CEO alongside Heather Hasson. Under her leadership, FIGS has shown strong...

Catherine Spear is the Chief Executive Officer of FIGS, a company that specializes in healthcare apparel. She stepped into this role on August 4, 2022, after previously serving as co-CEO alongside Heather Hasson. Under her leadership, FIGS has shown strong growth, with net revenues reaching $419.6 million in fiscal 2021, representing a 59.5% increase year-over-year. Spear's compensation was somewhat unconventional in 2022; she earned a base salary of $1 million but received no bonus or stock options that year. Instead, her total pay included a small amount in other compensation. Spear’s tenure coincides with a significant drop in her holdings, where the value of her stock options has fluctuated from over $70 million in mid-2021 down to about $2.7 million by the end of 2023, signaling the volatile nature of the fashion business in a post-pandemic world. This transition to CEO and her steady salary reflects an emphasis on accountability and a longer-term view on growth rather than immediate financial rewards. Spear is a significant figure at FIGS, where her strategic direction aims to enhance equity and value for shareholders while driving innovation in the health apparel space.