GigaCloud Technology Inc (NASDAQ: GCT) has announced the appointment of Kerry Lebensburger to its board of directors, effective August 17, 2025. Lebensburger, a former president of Ashley Furniture with nearly 30 years of experience, succeeds retiring director Lorri Kelley.
During his tenure at Ashley Furniture, Lebensburger advanced through senior leadership roles spanning sales, marketing, merchandising, product development, and business growth. He brings decades of executive leadership experience and has served on the boards of various industry associations. GigaCloud's founder, CEO, and chairman, Larry Wu, expressed excitement at welcoming Lebensburger's expertise and thought leadership to the board.
Kelley, who retired after two years of service, will continue to serve as an advisor to support Lebensburger's transition. Her retirement was not related to any dispute or disagreement with the company or the board.
GigaCloud Technology Inc is known for its global end-to-end B2B technology solutions for large parcel merchandise. The company's B2B ecommerce platform, the "GigaCloud Marketplace," seamlessly connects manufacturers primarily in Asia with resellers in the U.S., Asia, and Europe to execute cross-border transactions with confidence, speed, and efficiency. The company first launched its marketplace in January 2019, focusing on the global furniture market, and has since expanded into additional categories such as home appliances and fitness equipment.
The addition of Lebensburger to the board brings a wealth of industry experience and leadership, positioning GigaCloud for continued growth and expansion in the global B2B technology solutions market. The market has reacted to these announcements by moving the company's shares 1.06% to a price of $32.27. If you want to know more, read the company's complete 8-K report here.
