FIGS (FIGS) has provided an announcement.
FIGS, Inc. has announced the appointment of Sarah Oughtred as their new Chief Financial Officer, starting August 9, 2024, following Kevin Fosty’s interim tenure. With a strong background from her finance roles at Lululemon Athletica and experience at PricewaterhouseCoopers, Oughtred brings valuable expertise to the table. Her compensation includes a $500,000 base salary, a $300,000 target bonus, and a $4 million restricted stock unit award, with provisions for severance under certain conditions. This strategic move aims to strengthen FIGS Inc.’s financial leadership and market position.
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