Figs, Inc. (NYSE: FIGS) has made significant changes to its board of directors, with the appointment of Melanie Whelan, former CEO of SoulCycle Inc., as an independent director and chair of the board's compensation committee effective January 1, 2025. Additionally, Jeffrey Wilke and J. Martin Willhite will also serve on the compensation committee, while J. Martin Willhite will chair the nominating and corporate governance committee, with Sheila Antrum and Melanie Whelan as members.
Furthermore, A.G. Lafley will be resigning from the board, effective December 31, 2024, after serving since April 2022. Trina Spear, CEO and co-founder of Figs, expressed excitement about Melanie Whelan joining the board and thanked A.G. for his contributions, wishing him the best in his retirement.
It's important to highlight the changes in the composition of the board, including the addition of Melanie Whelan and the departure of A.G. Lafley, as these shifts can have a significant impact on the company's strategic decision-making and governance.
As a business and finance journalist, it's essential to focus on the specific changes in the board's composition and the implications of these changes for Figs, Inc. and its stakeholders. This includes analyzing the expertise and experience that Melanie Whelan brings to the board, as well as the departure of A.G. Lafley and the potential implications for the company's future direction. Following these announcements, the company's shares moved -2.3%, and are now trading at a price of $5.54. If you want to know more, read the company's complete 8-K report here.
