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Away founder Steph Korey (left) and co-founder Jen Rubio. Photo: Jared Siskin/Patrick McMullan via Getty Images

Steph Korey, co-founder and the original CEO of smart luggage-maker Away, has turned the top job over to former Lululemon exec Stuart Haselden, who has been serving as co-CEO with Korey since January.

Why it matters: This caps a tumultuous year for Away, and not just because the pandemic has devastated hospitality and travel companies.

  • Korey originally stepped down as Away's CEO last December, after The Verge published a story that was critical of her leadership style, and former employees described a toxic work environment.
  • Just one month later she returned in a co-CEO role with Haselden, who had been recruited away from his COO role at Lululemon for a president role at Away. This was viewed as a trial run for becoming CEO.
  • In June the company raised new funding, below its previous $1.45 billion valuation. Shortly after, Haselden and Away co-founder Jenn Rubio told employees that Korey would relinquish her role by year-end

Korey, who has been publicly criticized media coverage of startups, will continue to serve on Away's board of directors.

The company also announced several other leadership changes, including the addition of one of Haselden's former Lululemon colleagues, Candan Erenguc, as chief supply chain officer and former Nike exec Catherine Dunleavy as CFO.

Go deeper

Dion Rabouin, author of Markets
27 mins ago - Economy & Business

Biden's inflation danger

Illustration: Sarah Grillo/Axios

President-elect Joe Biden's $1.9 trillion stimulus proposal has economists and bullish market analysts revising their U.S. growth expectations higher, predicting a reflation of the economy in 2021 and possibly more booming returns for risk assets.

Yes, but: Others are warning that what's expected to be reflation could actually show up as inflation, a much less welcome phenomenon.

Ina Fried, author of Login
2 hours ago - Technology

CES was largely irrelevant this year

Illustration: Sarah Grillo/Axios

Forced online by the pandemic and overshadowed by the attack on the Capitol, the 2021 edition of CES was mostly an afterthought as media's attention focused elsewhere.

Why it matters: The consumer electronics trade show is the cornerstone event for the Consumer Technology Association and Las Vegas has been the traditional early-January gathering place for the tech industry.

The FBI is tracing a digital trail to Capitol rioters

Illustration: Sarah Grillo

Capitol rioters, eager to share proof of their efforts with other extremists online, have so far left a digital footprint of at least 140,000 images that is making it easier for federal law enforcement officials to capture and arrest them.

The big picture: Law enforcement's use of digital tracing isn't new, and has long been at the center of fierce battles over privacy and civil liberties. The Capitol siege is opening a fresh front in that debate.

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