Back
~
2
min read
· Posted on
February 21, 2024

Glossier's founder and CEO is stepping away from her role at the company so say hi to Jeff and Jack for us!

Emily Weiss joins a trend of high profile CEOs stepping away from their roles.

What's the key learning?

  • According to research, founding CEOs should ideally step down within three years after a company's IPO.
  • That's because when a company gets bigger, the skills needed to run it change.

👉 Background: Glossier is the iconic skincare brand launched in 2014. It's famous for its IG-worthy branding and extremely loyal fanbase. But while things were looking pretty smooth on the G-wagon, things ain't what they seemed.

👉  What happened: In January this year the company laid off more than a third of its workforce, which forced the CEO and founder Emily Weiss to say the company made some errors.

👉 What else: Now, a few months down the track, Emily Weiss is following in the footsteps of Jack Dorsey and Jeff Bezos and saying goodbye to her role.

🔔 What's the key learning?

💡 There are two main parts of a CEO's job: knowing what to do (the vision) and getting the company to do it (the execution).

💡CEOs often struggle with the second part as their company's structure gets more complex (evolves, hires new staff, adds new revenue lines). And this is generally because when a company gets bigger - or goes public - the skills needed to lead it change.

💡 Research shows that founding CEOs of public companies should ideally step down any time in the three years after the company's IPO. While Glossier is a private company, the findings show a larger trend that generally, the founding CEO ain't the right person to lead forever.

Ready to win at money?

Sign up for Flux and join 100,000 members of the Flux family

A button to App StoreGoogle Play store button
Excellent  4.9 out of 5
Star rating