The RealReal Announces Departure of Current CFO Robert Julian

RealReal, the online luxury resale marketplace, recently announced the impending departure of its Chief Financial Officer, Robert Julian, after his two-year tenure in the role. This decision will take effect on January 31 or upon the appointment of a new CFO. Should the selection of a new CFO occur before January, Julian has agreed to stay on as an employee and provide executive advisory services to The RealReal until January 31. Furthermore, Julian has committed to offering limited consulting services to the retailer even after his departure until June 30. To find a suitable replacement for the CFO position, the company’s board of directors will engage an executive search firm.

This announcement follows a series of leadership changes earlier in the year. At the beginning of 2023, The RealReal appointed John Koryl as its CEO, filling a long-standing vacancy that arose when founder Julie Wainwright stepped down from the role in June 2022.

John Koryl, CEO of The RealReal, expressed his appreciation for Robert Julian’s counsel and leadership during their collaboration. Koryl affirmed the company’s commitment to its key initiatives and its confidence in the direction it’s headed.

As The RealReal strives to achieve profitability, it has implemented several initiatives. In February, the retailer announced workforce layoffs affecting 7% of its employees. In March, it revealed plans to wind down its beauty sales. Additionally, the company decided to close physical stores in San Francisco, Chicago, Atlanta, and Austin, Texas. It also shuttered two consignment offices in Miami and Washington, D.C., while reducing office space in both San Francisco and New York City.

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