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FIGS Appoints Sarah Oughtred as New Chief Financial Officer
Slice of Retail Team
June 17, 2024
Key Highlights:
Sarah Oughtred joins FIGS as CFO, effective August 9, 2024.
Former lululemon Senior VP, Financial Planning & Analysis (FP&A).
Brings 17 years of finance leadership experience from lululemon.
Expertise in driving growth and profitability for global apparel brands.
Focus on finance, data analytics, and strategic planning.
Source (Business Wire)
Notable Quotes:
"I am thrilled to welcome Sarah to FIGS during this exciting time in our growth trajectory. Her experience scaling lululemon into a global apparel leader aligns directly with our long-term growth plans."
"I could not be more excited to become FIGS’ new Chief Financial Officer and look forward to working with the entire team to take the company to the next level."
Our Take:
The appointment of Sarah Oughtred as FIGS’ new CFO is a strategic move that leverages her extensive experience in driving financial growth and scalability at lululemon. Her proven track record in increasing revenues and expanding global retail operations will be instrumental in FIGS' ambitious plans to become an iconic global brand for healthcare professionals. Oughtred's expertise in financial planning and analysis, coupled with her leadership skills, will significantly contribute to FIGS' continued growth and profitability. This leadership change is poised to bolster FIGS' financial strategies and support its innovative and expansion goals.