Manish Chandra, the co-founder and CEO of Poshmark, a fashion resale marketplace based in the US, announced his resignation and Kim Nam-sun, Naver's investment chief, will take over as CEO on October 1.
After serving as the business's Chief Financial Officer for three years, Kim is now the President of Investments at Naver Corp., the biggest online corporation in Korea. He is responsible for managing Naver's global strategic and venture capital investment efforts.
After Naver acquired Poshmark in January 2023, Kim was appointed Executive Chairman of Poshmark in April 2025 to continue to play a key role in the company's growth trajectory. Since then, Kim has offered strategic direction that has improved Poshmark's operational effectiveness and helped the company accomplish its objectives. Kim's accomplishments and willingness to take on a new job to help the company expand are officially acknowledged by this appointment.
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From its garage origins, Chandra guided the Silicon Valley firm to its Nasdaq listing, where it now boasts a thriving user base of over 150 million and a gross merchandise value of over $10 billion.
“It has been the honor of a lifetime leading Team Posh,” Chandra said, expressing confidence in Kim’s ability to guide the company’s next chapter.
Kim said he was “honored and excited” to take on the role, adding, “I’m committed to building upon Manish’s legacy, continuing to innovate, and delivering exceptional value to the Poshmark community.”
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Just in time for back-to-school, Klarna, the world's largest digital bank and flexible payments provider, and Poshmark, the top fashion resale marketplace, today announced a strategic alliance to streamline resale and enable customers to profit from their wardrobes.
Users of the Klarna app in the US can now post qualified purchases on Poshmark instantaneously by simply tapping a button. From last season's backpack to back-to-school sneakers, this collaboration makes it simple to get more use out of things you no longer need by selling them in a matter of seconds.
The timing of this launch is crucial as back-to-school shopping this year is predicted to cost American families an average of $870, placing a strain on household budgets. The global second-hand fashion market is predicted to reach $521.5 billion in 2034, partly as a result of consumers' growing knowledge of the environmental problems linked to stylish apparel and accessories. At the same time, customers are embracing resale in record numbers.