LastPass, a $200M fast-growing security company privately backed by Francisco Partners as the global leader in zero-knowledge password management, recently built its executive leadership team through the guidance of new CEO, Karim Toubba.
SUCCESSFUL PLACEMENT: ROTHY’S – VICE PRESIDENT, SUPPLY CHAIN
Rothy’s Appoints Brian Wehner as Vice President, Supply Chain
Wehner has a demonstrated history in global supply chain, operations, and strategic planning executive roles in the apparel, footwear, home, and beauty industries. He joins Rothy’s from Sketchers where he served as Vice President and General International Operations. Prior to that, he held operations leadership positions at The Collected Group, ASICS America, Lojas Renner S.A., and Lululemon where he led and delivered customer-centric DTC and wholesale supply chain strategies. Wehner earned his MBA from Auburn University and his BA, Economics from University of Wisconsin-Madison.
Rothy’s recently announced that Alpargatas, the Brazilian footwear company behind Havianas flip-flop brand will acquire a 49.9% stake in the company. After a $200 million investment in private capital, Alpargatas will acquire nearly $275 million of Rothy’s shares from current stockholders, creating a post-investment valuation of $1 billion.
Rothy’s takes a whole brand approach to sustainability in manufacturing, transforming recycled materials into beautiful shoes, handbags and accessories. With a vertically integrated supply chain, Rothy’s minimizes waste by knitting each product to shape in its wholly owned factory in Dongguan, China. Since launching in 2016, Rothy’s has transformed over 100 million single-use plastic water bottles and kept 275,000 pounds of marine plastic out of waterways.
With over two million customers, Rothy’s products are sold directly online and through Rothy’s eight retail stores. Rothy’s has been recognized for awards including TIME Most Influential Companies, Fast Company Most Innovative Companies, Forbes Next Billion-Dollar Startups and Inc. Best Places to work. Headquartered in San Francisco, California with offices in New York, New York and Shanghai, China.
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