In a significant move towards expansion, Rothy’s Inc., the San Francisco-based sustainable accessories brand, has revealed key leadership changes. Jenny Ming steps into the role of Chief Executive Officer, while Dayna Quanbeck assumes the position of President.
Founders Stephen Hawthornthwaite and Roth Martin, currently CEO and President, respectively, will transition to strategic roles as Chair of the Board and Chief Creative and Innovation Officer.
Jenny Ming, a retail veteran and former president of Old Navy, brings a wealth of experience to her new role. Ming, who has been an Independent Director on Rothy’s board since June 2022, expressed excitement about the company’s potential. «After decades in retail, it’s rare to find a company with such tremendous opportunity ahead,» she stated.
Dayna Quanbeck, currently Rothy’s Chief Financial Officer and Chief Operating Officer, expands her role as President. Her responsibilities include overseeing growth capital deployment, managing finance, logistics, data analytics, retail, international, and technology divisions.
Co-founder Stephen Hawthornthwaite voiced confidence in the transition, highlighting Jenny’s global retail experience and Dayna’s deep understanding of the business. «Having the two lead the next chapter at Rothy’s is a major win for our company, customers, and team,» he commented.
Established in 2012, Rothy’s initially focused on creating stylish and comfortable women’s footwear using recycled materials and innovative knitting techniques to minimize waste. In late 2021, Alpargatas S.A., the Brazilian owner of Havaianas flip flops, made a strategic investment in Rothy’s, resulting in a post-investment valuation of $1 billion. These leadership changes signify a strategic move for Rothy’s as it continues its mission of sustainable innovation and global growth. Stay tuned for exciting developments as Rothy’s enters this new phase of leadership and expansion.
