Bonobos CEO Francine Della Badia has stepped down from her position at the e-Commerce brand, nearly three months after she assumed the job in June. Della Badia will remain as an advisor to the company, according to Co-Founder and Executive Chairman Andy Dunn, who is returning as CEO.
“We’ve been on a fast growth trajectory and I was eager and excited to bring someone in with Fran’s experience and pedigree,” Dunn said in a statement. “What she and I learned in just a few months is that at this stage, we still need the founder at the helm.”
The transition is largely based on fit, according to Dunn. Board member and investor Joel Peterson informed Business Insider that Dunn felt a seasoned executive would be the best fit to take Bonobos into its next stage of development.
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“These past months leading Bonobos have been a great experience for me,” Della Badia said in a statement. “While I was brought in to effect change and to evolve operations, it quickly became clear that at this stage, the company and culture still require Andy’s involvement on a day-to-day basis.”
Bonobos hopes to expand its current count of brick-and-mortar stores from 19 to 30 by the end of 2016.
