Elizabeth Spaulding served as the CEO of Stitch Fix from August 2021 to January 2023. She has a rich background in consulting, having been a partner at Bain & Company for nearly 12 years, where she focused on digital transformation...

Elizabeth Spaulding served as the CEO of Stitch Fix from August 2021 to January 2023. She has a rich background in consulting, having been a partner at Bain & Company for nearly 12 years, where she focused on digital transformation and led the firm's Global Digital Practice. Spaulding holds both a B.A.S. in Management and Decision Sciences, plus a degree in French from Stanford University, and an M.B.A. from the Stanford Graduate School of Business. This educational background laid the foundation for her later work at Stitch Fix, a company known for its innovative approach to personalized styling that also uses data science to enhance customer experience. Under her leadership, the company faced significant challenges, particularly during a restructuring phase that required agile decision-making. In her first year as CEO, Spaulding earned a total compensation of approximately $3.14 million, showcasing her high-level responsibility at the company. However, in 2022, this dropped significantly to just $650,000 as no bonuses or stock granted followed a year where performance metrics did not meet expectations. Interestingly, during her tenure, Spaulding navigated a world of fluctuating stock values and significant insider trading transactions, peaking at over $21 million in January 2021, prior to her CEO appointment. Despite the ups and downs, she aimed to align executive compensation with company performance, echoing her commitment to corporate responsibility and transparency. Spaulding's journey reflects the complexities of leading a public company in a fast-paced, ever-changing retail environment.