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As a marketplace operator, Faire has 100,000 brands and more than 700,000 retailers before the executive team changes were announced.

Faire, a B2B marketplace that launched its first online trade show during the height of the pandemic, bolstered its executive team with a hiring and senior staff promotions binge.

The marketplace has raised funding of $1.7 billion since the company was founded seven years ago. It currently has a market valuation of more than $10 billion, according to Crunchbase.com.

Now, the company is putting some of that cash to work expanding its leadership ranks.

Faire executive team and leadership changes

On July 1, Faire promoted Lauren Cooks Levitan to president from chief financial officer and charged her with leading several corporate functions and driving new business development.

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As her replacement, Faire named Jason Lee, already vice president of finance, as chief financial officer. Lee joined Faire 18 months ago after spending over a decade leading finance for Square and investor relations for the company in its current incarnation as Block, Inc.

Block is a financial technology company serving 56 million users and 4 million businesses. It processes payments worth $228 billion annually, the company says.

Recent Faire hires

Faire’s other new employees include:

  • Dan Hockenmaier as chief strategy officer. He previously worked as a consultant at Boston Consulting Group and director of growth at Thumbtack.
  • Thuan Pham as chief technology officer. He previously served as chief technology for Uber and related roles.

As a marketplace operator, Faire has 100,000 brands and more than 700,000 retailers in the United States, Canada, Europe, the United Kingdom and Australia. Faire also has locations in San Francisco, Waterloo, Salt Lake City, Atlanta, Los Angeles, New York, Toronto, London, Amsterdam and São Paulo.

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