LONDON — Mark Sebba will retire as chief executive officer of Net-a-porter Group later this week, the company confirmed on Sunday.
This story first appeared in the July 29, 2014 issue of WWD. Subscribe Today.
Sebba joined Net-a-porter in 2003 and focused his efforts on building and enhancing the global infrastructure, the company said. While his last day is Thursday, the company said he will remain as a non-executive director.
He will also continue to provide strategic counsel as the group expands internationally, and will ensure a smooth handover. A process to identify his successor has already begun, the company confirmed.
“I am stepping down at a time with the company is stronger than ever,” Sebba said. “We reach an audience globally of over nine million customers across multiple channels: Web, mobile and app platforms.
“We have built a team of world-class writers, communicators, buyers, innovators, digital pioneers, distribution experts and more who form the foundations and DNA of this company.”
Natalie Massenet, the group’s founder and chairman called Sebba her “greatest ally” and a “true partner.”
She said at the company’s heart has been “a man of incredible integrity, wisdom and strength. Not only has he grown our business exponentially and healthily and guided us through our sale to Richemont — he has also brought calm and confidence to the core of our group.”
Compagnie Financière Richemont, a longtime shareholder, took control of the online luxury retailer in 2010.
During Sebba’s tenure, Net-a-porter launched businesses including TheOutnet.com, MrPorter.com and its own clothing label Iris & Ink. It acquired Shouke to take Net-a-porter Group into Asia and China, and launched the first retailing app for the iPhone in 2009, and the first fashion magazine for tablets, according to the company.