{"id":1199222,"date":"2023-03-10T14:40:40","date_gmt":"2023-03-10T20:40:40","guid":{"rendered":"https:\/\/www.snkrsday.com\/?p=1199222"},"modified":"2023-03-10T15:49:13","modified_gmt":"2023-03-10T21:49:13","slug":"stockx-cfo-john-kaelle-leaving-the-company","status":"publish","type":"post","link":"https:\/\/www.snkrsday.com\/stockx-cfo-john-kaelle-leaving-the-company\/","title":{"rendered":"StockX CFO John Kaelle will be Leaving the Company at the End of the Month"},"content":{"rendered":"\n<p><a href=\"\/tag\/stockx\" target=\"_blank\" rel=\"noreferrer noopener\">StockX<\/a> is undergoing a change in leadership this month as StockX CFO John Kaelle will be leaving the company at the end of the month. <\/p>\n\n\n\n<p>The decision follows recent changes in the company as it has gone through two rounds of layoffs within the last calendar year \u2014 one round in <a href=\"https:\/\/www.snkrsday.com\/stockx-lays-off-eight-percent-workforce\/\" target=\"_blank\" rel=\"noreferrer noopener\">June 2022<\/a> and the other in <a href=\"https:\/\/www.snkrsday.com\/stockx-layoffs-fw22\/\" target=\"_blank\" rel=\"noreferrer noopener\">November 2022<\/a>.<\/p>\n\n\n\n<p>In an internal email obtained by Snkrs Day, current StockX CEO Scott Cutler addressed Kaelle&#8217;s departure thanking him for his work with the company. <\/p>\n\n\n\n<p>&#8220;When I came to StockX, one of the first roles I sought to fill was that of the Chief Financial Officer (CFO). We were beginning to hit our stride as a company and needed to augment the leadership team with a financial; executive that would help us transition from a startup to a sustainable, global business. We found that in John Kaelee, who has been our CFO since October 2019,&#8221; Cutler stated. &#8220;Today, we&#8217;re announcing a change in our leadership team, as John will be leaving StockX at the end of the month.&#8221;<\/p>\n\n\n\n<p>&#8220;Over the last few years, John has touched every part of our business, helped guide our global growth, and built a solid team that enables us to navigate the many financial intricacies that come with employing team members and serving customers around the world,&#8221; he added.<\/p>\n\n\n\n<p>&#8220;I am grateful to John for his partnership and many contributions to StockX,&#8221; Cutler ended the email with. <\/p>\n\n\n\n<p>Prior to his work with StockX, Kaelle was the CFO and Advisor for Seal Software, which was in charge of &#8220;contract discovery, data extraction, and analytics, enabling Global 2000 enterprises to find contracts across their networks, understand risks\/opportunities and place them in a centralized repository.&#8221;<\/p>\n\n\n\n<p>Kaelle&#8217;s time with the company overlaps with much discussion about the company filing for IPO. However, to this date, the company is not publicly traded. <\/p>\n\n\n\n<p>Kaelle will serve in a consultative capacity over the coming months while his team will lead the financial function until the company hires a new CFO, sources tell Snkrs Day.<\/p>\n\n\n\n<p>StockX&#8217;s last funding round, in April 2021, valued the company at $3.8 billion after raising <a href=\"https:\/\/stockx.com\/about\/press-release-stockx-valuation-surges-to-3-8-billion-with-255-million-financing\/\" target=\"_blank\" rel=\"noreferrer noopener\">$195 million<\/a>. <\/p>\n\n\n\n<p class=\"has-text-align-center\"><span style=\"text-decoration: underline;\">Statement from StockX: <\/span><\/p>\n\n\n\n<p>We are grateful to John for the many contributions he&#8217;s made to StockX since he joined the company in 2019. As our first-ever CFO, he helped StockX scale from a startup to a sustainable global business. As we kick off the search for a candidate who will lead us into our next chapter of growth, we thank John and wish him the absolute best.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>Keep it locked on <a href=\"https:\/\/www.instagram.com\/nicekicks\/\" target=\"_blank\" rel=\"noreferrer noopener\">Snkrs Day<\/a> on Instagram as the story develops. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>StockX is undergoing a change in leadership this month as StockX CFO John Kaelle will be leaving the company at&hellip;<\/p>\n","protected":false},"author":328301,"featured_media":1199242,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[1226835],"cultivate_rss":[],"class_list":{"2":"type-post"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.0 (Yoast SEO v24.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>StockX CFO John Kaelle Leaving the Company | Snkrs Day<\/title>\n<meta name=\"description\" content=\"StockX CFO John Kaelle, who has been with the company since 2019, will be leaving at the end of the month. 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