Karen Katz, a board member and former CEO of the Neiman Marcus Group, has been named as new Intermix CEO, effective from 7th June. Katz is replacing Jyothi Rao.
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“It’s been an honor to lead the talented team at Intermix for the past eight years,” said Rao. “I am proud of the brand we have built, one that curates the most exciting mix of established and emerging designers while using our platform to advocate for issues around female empowerment, diversity and inclusion, and sustainability.”
Katz, who joined the Intermix board in April, previously acted as the president and CEO of the Neiman Marcus Group, overseeing the company’s digital transformation. She retired in 2018 after eight years as CEO and 33 years with the company in various roles.
Katz currently serves on the boards of Humana Healthcare, Under Armour and The Real Real, all of which are publicly traded companies. She also serves on the boards of many privately held consumer companies and actsas an advisor to a number of technology, service, and product startups. In addition, she is the chair of the Perot Museum of Nature and Science’s board of directors in Dallas.
“We are thrilled to have Karen step into the role as interim CEO,” said Keoni Schwartz, co-founder and managing director of Altamont Capital Partners. “I want to thank Jyothi for her leadership at Intermix. Her strategic vision to fully integrate the stores with the e-commerce business positioned the brand to be a leading omni-channel fashion business for women.”
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“I am looking forward to partnering with Altamont Capital Partners and this committed Intermix team to continue the momentum and help Intermix deliver the best product and omnichannel experience to its current and future customers,” added Katz. “In working with many Private Equity firms throughout my career, the team at ACP is completely aligned on our focus in delivering a great customer experience and growing shareholder value.”