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