Net-a-Porter CEO Leaves

Chief executive officer Sven Gaede has departed from Net-a-porter.com for personal reasons.

Net-a-porter.com chief executive officer Sven Gaede has left the company for personal reasons.

Chairman and founder Natalie Massenet, chief operating officer Mark Sebba and the board will jointly share Gaede’s responsibilities until a successor is named, the firm said.

Gaede joined the e-tailer in June from Dunhill, part of Compagnie Financière Richemont SA, which also owns a stake in Net-a-porter. During his short tenure, Gaede “made several valuable contributions in the areas of merchandising, strategy and marketing,” the company said.

E-commerce remains one of the few bright spots in a retail landscape severely challenged by the economic downturn. Net-a-porter has seen significant growth over the last few years and currently has sales of about $100 million annually.